Captrust Financial Advisors Buys 2,910 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Captrust Financial Advisors boosted its holdings in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 90.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,137 shares of the aerospace company's stock after buying an additional 2,910 shares during the period. Captrust Financial Advisors' holdings in AeroVironment were worth $944,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of AeroVironment in the 4th quarter valued at approximately $31,000. Colonial Trust Advisors acquired a new stake in AeroVironment in the fourth quarter worth $31,000. Accredited Wealth Management LLC acquired a new stake in AeroVironment in the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB boosted its position in shares of AeroVironment by 1,515.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company's stock worth $32,000 after purchasing an additional 197 shares in the last quarter. Finally, Bogart Wealth LLC acquired a new position in shares of AeroVironment in the 4th quarter valued at $38,000. 86.38% of the stock is owned by institutional investors.

Insider Transactions at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of AeroVironment stock in a transaction on 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 sale, the chief executive officer now directly owns 115,174 shares in the company, valued at approximately $14,765,306.80. The trade was a 20.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.27% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on AVAV shares. Jefferies Financial Group lowered their price objective 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 restated an "outperform" rating and issued a $190.00 price target on shares of AeroVironment in a report on Monday, May 12th. William Blair reaffirmed an "outperform" rating on shares of AeroVironment in a research report on Wednesday, March 5th. Robert W. Baird cut their price objective on AeroVironment from $220.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. Finally, Raymond James raised 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. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, AeroVironment presently has an average rating of "Buy" and a consensus target price of $197.83.

AeroVironment Stock Down 1.8%

Shares of NASDAQ:AVAV traded down $2.97 during mid-day trading on Monday, reaching $161.12. 337,432 shares of the stock were exchanged, compared to its average volume of 412,380. The stock's 50 day simple moving average is $140.32 and its 200-day simple moving average is $161.46. AeroVironment, Inc. has a one year low of $102.25 and a one year high of $236.60. The company has a market cap of $4.55 billion, a P/E ratio of 92.60 and a beta of 0.80. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02.

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.