Portside Wealth Group LLC purchased a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,670 shares of the aerospace company's stock, valued at approximately $199,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. CoreCap Advisors LLC boosted its stake in shares of AeroVironment by 120.2% during the 4th quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock worth $28,000 after purchasing an additional 101 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of AeroVironment by 171.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company's stock valued at $29,000 after acquiring an additional 154 shares during the period. Golden State Wealth Management LLC purchased a new position in AeroVironment in the fourth quarter valued at about $31,000. Colonial Trust Advisors purchased a new stake in shares of AeroVironment during the 4th quarter valued at about $31,000. Finally, Accredited Wealth Management LLC acquired a new position in shares of AeroVironment during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 86.38% of the company's stock.
AeroVironment Price Performance
Shares of NASDAQ:AVAV opened at $186.59 on Friday. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 107.24 and a beta of 0.81. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. AeroVironment, Inc. has a 12 month low of $102.25 and a 12 month high of $236.60. The stock's 50 day moving average price is $154.16 and its 200 day moving average price is $158.21.
Insider Buying and Selling at AeroVironment
In other AeroVironment 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.27% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Raymond James raised AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 target price on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada restated an "outperform" rating and set a $190.00 price objective on shares of AeroVironment in a research report on Monday, May 12th. Jefferies Financial Group decreased their target price 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. Robert W. Baird cut their target price on AeroVironment from $220.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 5th. Finally, William Blair reiterated an "outperform" rating on shares of AeroVironment in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $197.83.
View Our Latest Research Report on AeroVironment
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.
Further Reading
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