Generali Investments Management Co LLC Invests $205,000 in AeroVironment, Inc. (NASDAQ:AVAV)

Generali Investments Management Co LLC bought a new position in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,716 shares of the aerospace company's stock, valued at approximately $205,000.

A number of other institutional investors have also recently modified their holdings of the stock. Redwood Investments LLC grew its stake in shares of AeroVironment by 0.7% in the fourth quarter. Redwood Investments LLC now owns 9,273 shares of the aerospace company's stock worth $1,427,000 after acquiring an additional 66 shares during the last quarter. Arizona State Retirement System grew its stake in shares of AeroVironment by 0.8% in the fourth quarter. Arizona State Retirement System now owns 8,170 shares of the aerospace company's stock worth $1,257,000 after acquiring an additional 68 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of AeroVironment by 5.5% in the fourth quarter. Mackenzie Financial Corp now owns 1,601 shares of the aerospace company's stock worth $246,000 after acquiring an additional 83 shares during the last quarter. New York State Teachers Retirement System grew its stake in shares of AeroVironment by 0.6% in the fourth quarter. New York State Teachers Retirement System now owns 17,618 shares of the aerospace company's stock worth $2,711,000 after acquiring an additional 100 shares during the last quarter. Finally, CoreCap Advisors LLC grew its stake in shares of AeroVironment by 120.2% in the fourth quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock worth $28,000 after acquiring an additional 101 shares during the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AVAV has been the topic of a number of recent research reports. Jefferies Financial Group cut their target price on AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Wall Street Zen raised AeroVironment from a "sell" rating to a "hold" rating in a research report on Friday. Robert W. Baird increased their price objective on AeroVironment from $146.00 to $210.00 and gave the company an "outperform" rating in a research report on Friday. Raymond James raised AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 price objective on the stock in a research report on Tuesday, April 8th. Finally, William Blair reaffirmed an "outperform" rating on shares of AeroVironment in a research report on Wednesday, March 5th. One analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $208.50.

AeroVironment Stock Up 2.3%

AVAV stock opened at $190.89 on Friday. AeroVironment, Inc. has a fifty-two week low of $102.25 and a fifty-two week high of $236.60. The business's 50-day moving average is $155.54 and its two-hundred day moving average is $158.18. 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 company has a market cap of $5.39 billion, a price-to-earnings ratio of 109.71 and a beta of 0.81.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 115,174 shares of the company's stock, valued at approximately $14,765,306.80. This represents a 20.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.27% of the stock is owned by corporate insiders.

About AeroVironment

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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