American Century Companies Inc. Acquires New Shares in AeroVironment, Inc. (NASDAQ:AVAV)

American Century Companies Inc. acquired a new position in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,815 shares of the aerospace company's stock, valued at approximately $279,000.

Several other hedge funds and other institutional investors have also modified their holdings of AVAV. Modus Advisors LLC purchased a new position in AeroVironment in the fourth quarter valued at approximately $31,000. Golden State Wealth Management LLC acquired a new stake in shares of AeroVironment in the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB raised its stake in shares of AeroVironment by 1,515.4% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company's stock valued at $32,000 after acquiring an additional 197 shares during the period. Bogart Wealth LLC acquired a new position in shares of AeroVironment during the 4th quarter valued at $38,000. Finally, Blue Trust Inc. boosted its position in AeroVironment by 2,950.0% during the 4th quarter. Blue Trust Inc. now owns 305 shares of the aerospace company's stock worth $47,000 after purchasing an additional 295 shares during the period. 86.38% of the stock is owned by institutional investors and hedge funds.

AeroVironment Stock Up 2.6 %

AVAV stock traded up $3.80 during mid-day trading on Friday, hitting $147.61. 381,707 shares of the company were exchanged, compared to its average volume of 413,723. The company has a market capitalization of $4.17 billion, a PE ratio of 84.83 and a beta of 0.74. The firm has a fifty day simple moving average of $136.63 and a 200 day simple moving average of $169.93. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02. AeroVironment, Inc. has a twelve month low of $102.25 and a twelve month high of $236.60.

Insider Activity at AeroVironment

In other news, CEO Wahid Nawabi sold 29,366 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $128.20, for a total value of $3,764,721.20. Following the transaction, the chief executive officer now directly owns 115,174 shares in the company, valued at approximately $14,765,306.80. This trade represents a 20.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Robert W. Baird decreased their target price on AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. William Blair reiterated an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. Raymond James upgraded shares of AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 target price for the company in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group dropped their price target on shares of AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $202.00.

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.