Brevan Howard Capital Management LP boosted its position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 232.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,830 shares of the aerospace company's stock after acquiring an additional 2,677 shares during the quarter. Brevan Howard Capital Management LP's holdings in AeroVironment were worth $589,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Barclays PLC increased its holdings in AeroVironment by 149.7% in the third quarter. Barclays PLC now owns 57,245 shares of the aerospace company's stock valued at $11,477,000 after buying an additional 34,318 shares during the last quarter. Franklin Resources Inc. grew its position in AeroVironment by 299.4% in the 3rd 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 position in AeroVironment by 4.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,585 shares of the aerospace company's stock valued at $7,736,000 after buying an additional 1,705 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of AeroVironment by 740.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 63,919 shares of the aerospace company's stock worth $9,836,000 after purchasing an additional 56,318 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in shares of AeroVironment during the 4th quarter worth $212,000. Institutional investors and hedge funds own 86.38% of the company's stock.
Insiders Place Their Bets
In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $128.20, for a total value of $3,764,721.20. Following the completion of the transaction, the chief executive officer now owns 115,174 shares in the company, valued at $14,765,306.80. This represents a 20.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.27% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on AVAV. Raymond James raised AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 price target for the company in a research note on Tuesday, April 8th. William Blair reaffirmed an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. Jefferies Financial Group cut their price target on AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Royal Bank of Canada reissued an "outperform" rating and issued a $190.00 target price on shares of AeroVironment in a research note on Monday. Finally, Robert W. Baird decreased their target price on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" rating on the stock in a research 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $197.83.
Read Our Latest Stock Report on AVAV
AeroVironment Trading Down 0.3%
Shares of NASDAQ:AVAV traded down $0.53 during trading on Tuesday, reaching $166.60. 411,329 shares of the stock were exchanged, compared to its average volume of 411,940. 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, Inc. has a 12-month low of $102.25 and a 12-month high of $236.60. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 95.75 and a beta of 0.80. The firm's 50-day moving average price is $137.42 and its 200 day moving average price is $162.95.
AeroVironment Profile
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Free Report)
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.
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