Marsico Capital Management LLC Has $1.39 Million Stock Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Marsico Capital Management LLC increased its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 62.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,617 shares of the aerospace company’s stock after purchasing an additional 2,915 shares during the period. Marsico Capital Management LLC’s holdings in AeroVironment were worth $1,388,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AVAV. Vanguard Group Inc. grew its position in shares of AeroVironment by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 3,094,831 shares of the aerospace company’s stock worth $474,376,000 after buying an additional 179,395 shares during the period. Baillie Gifford & Co. grew its stake in shares of AeroVironment by 132.7% in the 2nd quarter. Baillie Gifford & Co. now owns 1,511,676 shares of the aerospace company’s stock valued at $275,367,000 after buying an additional 861,962 shares during the period. Congress Asset Management Co. MA increased its position in AeroVironment by 8.8% in the 1st quarter. Congress Asset Management Co. MA now owns 350,733 shares of the aerospace company’s stock valued at $53,760,000 after buying an additional 28,288 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in AeroVironment by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 237,477 shares of the aerospace company’s stock worth $29,932,000 after acquiring an additional 5,652 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in AeroVironment by 187.5% in the fourth quarter. Wellington Management Group LLP now owns 221,749 shares of the aerospace company’s stock valued at $27,949,000 after acquiring an additional 144,628 shares during the period. 86.38% of the stock is currently owned by institutional investors.

Insider Activity at AeroVironment

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 511 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $178.45, for a total value of $91,187.95. Following the completion of the sale, the chief financial officer now directly owns 21,334 shares of the company’s stock, valued at $3,807,052.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other AeroVironment news, CEO Wahid Nawabi sold 9,867 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $169.23, for a total transaction of $1,669,792.41. Following the sale, the chief executive officer now owns 99,892 shares in the company, valued at $16,904,723.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevin Patrick Mcdonnell sold 511 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $178.45, for a total value of $91,187.95. Following the completion of the transaction, the chief financial officer now directly owns 21,334 shares of the company’s stock, valued at $3,807,052.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,287 shares of company stock worth $1,928,305. Insiders own 1.40% of the company’s stock.

AeroVironment Stock Up 0.8 %

Shares of NASDAQ:AVAV opened at $174.96 on Wednesday. The company has a market capitalization of $4.92 billion, a PE ratio of 78.81 and a beta of 0.50. AeroVironment, Inc. has a 1 year low of $104.67 and a 1 year high of $224.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.26 and a quick ratio of 3.04. The business has a fifty day moving average price of $179.37 and a two-hundred day moving average price of $175.89.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Wednesday, September 4th. The aerospace company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.61 by $0.28. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. The business had revenue of $189.48 million for the quarter, compared to analyst estimates of $183.18 million. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. Analysts forecast that AeroVironment, Inc. will post 3.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AVAV. Robert W. Baird raised shares of AeroVironment from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $161.00 to $220.00 in a research report on Wednesday, August 28th. Raymond James lowered AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday. Royal Bank of Canada dropped their target price on AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Baird R W upgraded AeroVironment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Finally, BTIG Research restated a “buy” rating and set a $245.00 price objective on shares of AeroVironment in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, AeroVironment currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.20.

AeroVironment Company 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.