AWM Investment Company Inc. increased its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 121,633 shares of the aerospace company's stock after purchasing an additional 16,199 shares during the quarter. AeroVironment accounts for about 2.3% of AWM Investment Company Inc.'s investment portfolio, making the stock its 13th largest holding. AWM Investment Company Inc. owned approximately 0.43% of AeroVironment worth $18,718,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Washington Harbour Partners LP lifted its position in shares of AeroVironment by 4.0% in the 4th quarter. Washington Harbour Partners LP now owns 22,044 shares of the aerospace company's stock worth $3,392,000 after buying an additional 844 shares during the last quarter. Vident Advisory LLC raised its holdings in shares of AeroVironment by 31.6% during the fourth quarter. Vident Advisory LLC now owns 19,022 shares of the aerospace company's stock valued at $2,927,000 after buying an additional 4,573 shares during the last quarter. Royal Bank of Canada boosted its position in shares of AeroVironment by 6.5% during the fourth quarter. Royal Bank of Canada now owns 108,265 shares of the aerospace company's stock worth $16,660,000 after buying an additional 6,587 shares during the period. Rafferty Asset Management LLC grew its holdings in AeroVironment by 4.7% in the 4th quarter. Rafferty Asset Management LLC now owns 7,169 shares of the aerospace company's stock worth $1,103,000 after buying an additional 320 shares in the last quarter. Finally, Redwood Investments LLC increased its position in AeroVironment by 0.7% in the 4th quarter. Redwood Investments LLC now owns 9,273 shares of the aerospace company's stock valued at $1,427,000 after acquiring an additional 66 shares during the period. 86.38% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts recently commented on AVAV shares. William Blair reissued an "outperform" rating on shares of AeroVironment in a 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 research report on Monday, May 12th. Raymond James upgraded AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 price objective for the company in a research report on Tuesday, April 8th. Jefferies Financial Group decreased their target price on AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Finally, Wall Street Zen downgraded AeroVironment from a "hold" rating to a "sell" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $197.83.
View Our Latest Analysis on AVAV
Insider Activity at AeroVironment
In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of AeroVironment stock in a transaction on Monday, March 24th. The stock was 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 of the company's stock, valued at approximately $14,765,306.80. This trade represents a 20.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.27% of the stock is owned by insiders.
AeroVironment Price Performance
Shares of AVAV stock traded up $1.43 during trading hours on Monday, hitting $169.07. The company had a trading volume of 278,355 shares, compared to its average volume of 416,327. AeroVironment, Inc. has a 12 month low of $102.25 and a 12 month high of $236.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. The firm's fifty day moving average is $144.49 and its 200 day moving average is $159.66. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 97.17 and a beta of 0.80.
AeroVironment Company 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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