Bosun Asset Management LLC Decreases Stock Position in AeroVironment, Inc. (NASDAQ:AVAV)

Bosun Asset Management LLC lowered its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 59.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,322 shares of the aerospace company's stock after selling 1,972 shares during the period. Bosun Asset Management LLC's holdings in AeroVironment were worth $203,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC boosted its position in shares of AeroVironment by 149.7% during the third quarter. Barclays PLC now owns 57,245 shares of the aerospace company's stock valued at $11,477,000 after purchasing an additional 34,318 shares in the last quarter. Tidal Investments LLC increased its position in AeroVironment by 39.6% during the 3rd quarter. Tidal Investments LLC now owns 7,451 shares of the aerospace company's stock valued at $1,494,000 after buying an additional 2,115 shares in the last quarter. Franklin Resources Inc. raised its stake in AeroVironment by 299.4% during the third quarter. Franklin Resources Inc. now owns 4,821 shares of the aerospace company's stock valued at $1,037,000 after buying an additional 3,614 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of AeroVironment by 4.6% in the third quarter. JPMorgan Chase & Co. now owns 38,585 shares of the aerospace company's stock worth $7,736,000 after acquiring an additional 1,705 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of AeroVironment by 740.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 63,919 shares of the aerospace company's stock valued at $9,836,000 after acquiring an additional 56,318 shares in the last quarter. 86.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on AVAV. Jefferies Financial Group reduced their price target on shares of AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $190.00 price target on shares of AeroVironment in a report on Monday. Raymond James raised shares of AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 price objective for the company in a research note on Tuesday, April 8th. Robert W. Baird dropped their price objective on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, March 5th. Finally, William Blair reiterated an "outperform" rating on shares of AeroVironment in a report on Wednesday, March 5th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, AeroVironment presently has a consensus rating of "Buy" and a consensus price target of $197.83.

Insider Transactions at AeroVironment

In other AeroVironment 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 transaction of $3,764,721.20. Following the completion of 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.27% of the company's stock.

AeroVironment Stock Performance

AeroVironment stock traded up $1.52 during trading hours on Monday, reaching $166.99. 122,038 shares of the stock were exchanged, compared to its average volume of 410,363. The stock has a market cap of $4.71 billion, a P/E ratio of 96.21 and a beta of 0.80. AeroVironment, Inc. has a 52-week low of $102.25 and a 52-week high of $236.60. The firm's 50 day moving average is $136.79 and its 200 day moving average is $163.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61.

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.