SteelPeak Wealth LLC Acquires 5,535 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

SteelPeak Wealth LLC lifted its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 69.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,555 shares of the aerospace company’s stock after acquiring an additional 5,535 shares during the quarter. SteelPeak Wealth LLC’s holdings in AeroVironment were worth $2,078,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AVAV. NBC Securities Inc. bought a new stake in AeroVironment in the 1st quarter valued at $26,000. Bfsg LLC bought a new stake in AeroVironment in the 4th quarter valued at $25,000. GAMMA Investing LLC bought a new stake in AeroVironment in the 4th quarter valued at $32,000. Russell Investments Group Ltd. bought a new stake in AeroVironment in the 4th quarter valued at $39,000. Finally, Arcadia Investment Management Corp MI lifted its position in shares of AeroVironment by 44.1% during the 4th quarter. Arcadia Investment Management Corp MI now owns 327 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 100 shares during the period. 86.38% of the stock is currently owned by institutional investors.

AeroVironment Price Performance

AeroVironment stock opened at $182.16 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.16 and a current ratio of 3.56. AeroVironment, Inc. has a 52 week low of $91.00 and a 52 week high of $224.00. The stock has a market capitalization of $5.13 billion, a P/E ratio of 82.05 and a beta of 0.46. The stock has a fifty day moving average of $190.43 and a 200-day moving average of $154.57.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Wednesday, June 26th. The aerospace company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.21. AeroVironment had a return on equity of 10.89% and a net margin of 8.32%. The company had revenue of $197.00 million during the quarter, compared to analysts’ expectations of $188.48 million. During the same quarter in the previous year, the firm earned $0.99 EPS. AeroVironment’s revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts expect that AeroVironment, Inc. will post 3.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AVAV has been the subject of a number of recent analyst reports. BTIG Research initiated coverage on AeroVironment in a research report on Wednesday, June 26th. They set a “buy” rating and a $255.00 target price for the company. Robert W. Baird reiterated a “neutral” rating and set a $161.00 target price on shares of AeroVironment in a research report on Friday, March 8th. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research report on Tuesday, March 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of AeroVironment in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $175.20.

AeroVironment Profile

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.