Kovack Advisors Inc. Has $652,000 Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Kovack Advisors Inc. boosted its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 118.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,172 shares of the aerospace company’s stock after buying an additional 2,799 shares during the quarter. Kovack Advisors Inc.’s holdings in AeroVironment were worth $652,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AVAV. IFP Advisors Inc increased its position in AeroVironment by 19.5% during the third quarter. IFP Advisors Inc now owns 581 shares of the aerospace company’s stock worth $65,000 after buying an additional 95 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of AeroVironment by 784.5% during the third quarter. SG Americas Securities LLC now owns 11,667 shares of the aerospace company’s stock worth $1,301,000 after acquiring an additional 10,348 shares during the period. Raymond James & Associates boosted its holdings in shares of AeroVironment by 74.2% during the third quarter. Raymond James & Associates now owns 82,399 shares of the aerospace company’s stock worth $9,190,000 after acquiring an additional 35,095 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of AeroVironment by 31.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 38,678 shares of the aerospace company’s stock worth $4,314,000 after acquiring an additional 9,216 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of AeroVironment by 18.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,232 shares of the aerospace company’s stock worth $472,000 after acquiring an additional 658 shares during the period. Institutional investors and hedge funds own 86.38% of the company’s stock.

AeroVironment Trading Up 1.6 %

Shares of AVAV stock opened at $158.09 on Friday. The company has a current ratio of 4.66, a quick ratio of 3.16 and a debt-to-equity ratio of 0.04. The stock has a market cap of $4.45 billion, a P/E ratio of -36.68 and a beta of 0.44. The stock has a 50 day simple moving average of $147.28 and a 200 day simple moving average of $132.10. AeroVironment, Inc. has a 1 year low of $88.24 and a 1 year high of $184.61.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings results on Monday, March 4th. The aerospace company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.30. The business had revenue of $186.60 million during the quarter, compared to analysts’ expectations of $170.62 million. AeroVironment had a positive return on equity of 13.93% and a negative net margin of 15.14%. The firm’s revenue for the quarter was up 38.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 earnings per share. On average, research analysts predict that AeroVironment, Inc. will post 2.8 earnings per share for the current fiscal year.

Insider Activity at AeroVironment

In related news, SVP Melissa Ann Brown sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $176.77, for a total value of $176,770.00. Following the completion of the sale, the senior vice president now directly owns 12,339 shares in the company, valued at $2,181,165.03. The sale was disclosed in a filing with the SEC, which is available at this link. In other AeroVironment news, SVP Melissa Ann Brown sold 1,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $176.77, for a total transaction of $176,770.00. Following the completion of the sale, the senior vice president now directly owns 12,339 shares in the company, valued at $2,181,165.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Trace E. Stevenson sold 1,913 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $183.00, for a total value of $350,079.00. Following the sale, the vice president now owns 2,570 shares of the company’s stock, valued at $470,310. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. William Blair restated an “outperform” rating on shares of AeroVironment in a report on Tuesday, March 5th. Robert W. Baird restated a “neutral” rating and set a $161.00 price objective on shares of AeroVironment in a report on Friday, March 8th. Finally, Royal Bank of Canada boosted their price objective on AeroVironment from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $140.20.

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.