AeroVironment, Inc. (NASDAQ:AVAV) Shares Purchased by AWM Investment Company Inc.

AWM Investment Company Inc. lifted its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 15.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,633 shares of the aerospace company's stock after buying an additional 16,199 shares during the period. AeroVironment makes up approximately 2.3% of AWM Investment Company Inc.'s investment portfolio, making the stock its 13th biggest holding. AWM Investment Company Inc. owned 0.43% of AeroVironment worth $18,718,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CoreCap Advisors LLC lifted its stake in shares of AeroVironment by 120.2% during the fourth quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock worth $28,000 after buying an additional 101 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of AeroVironment during the fourth quarter worth $31,000. Colonial Trust Advisors acquired a new stake in shares of AeroVironment during the fourth quarter worth $31,000. Accredited Wealth Management LLC acquired a new stake in shares of AeroVironment during the fourth quarter worth $31,000. Finally, Wilmington Savings Fund Society FSB lifted its stake 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 buying an additional 197 shares during the period. 86.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Royal Bank of Canada restated an "outperform" rating and set a $190.00 target price on shares of AeroVironment in a research report on Monday, May 12th. Wall Street Zen downgraded shares of AeroVironment from a "hold" rating to a "sell" rating in a research report on Thursday. Robert W. Baird decreased their target price on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a research report 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 report on Tuesday, April 8th. Finally, William Blair restated an "outperform" rating on shares of AeroVironment in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, AeroVironment has an average rating of "Buy" and a consensus target price of $197.83.

AeroVironment Stock Performance

AVAV traded up $1.43 on Friday, reaching $169.07. The stock had a trading volume of 278,355 shares, compared to its average volume of 415,456. AeroVironment, Inc. has a 12-month low of $102.25 and a 12-month high of $236.60. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02. The business's 50-day moving average price is $144.49 and its two-hundred day moving average price is $160.49. The company has a market cap of $4.77 billion, a P/E ratio of 97.17 and a beta of 0.80.

Insider Transactions at AeroVironment

In other news, CEO Wahid Nawabi sold 29,366 shares of the business'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 sale, the chief executive officer now owns 115,174 shares of the company's stock, valued at $14,765,306.80. The trade was a 20.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.27% of the company's stock.

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.