Tandem Capital Management Corp ADV Grows Stock Position in AeroVironment, Inc. (NASDAQ:AVAV)

Tandem Capital Management Corp ADV increased its holdings in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 21.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,124 shares of the aerospace company's stock after buying an additional 1,457 shares during the period. Tandem Capital Management Corp ADV's holdings in AeroVironment were worth $968,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of AeroVironment by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,098,822 shares of the aerospace company's stock worth $476,878,000 after buying an additional 35,543 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of AeroVironment by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 654,024 shares of the aerospace company's stock worth $100,670,000 after buying an additional 19,835 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in AeroVironment in the 4th quarter valued at about $93,759,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in AeroVironment by 2.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 423,317 shares of the aerospace company's stock valued at $65,144,000 after purchasing an additional 10,693 shares in the last quarter. Finally, Congress Asset Management Co. lifted its holdings in AeroVironment by 9.0% in the 1st quarter. Congress Asset Management Co. now owns 363,316 shares of the aerospace company's stock valued at $43,304,000 after purchasing an additional 30,123 shares in the last quarter. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Jefferies Financial Group reduced their target price on shares of AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Robert W. Baird upped their target price on shares of AeroVironment from $146.00 to $210.00 and gave the company an "outperform" rating in a report on Friday, June 6th. Royal Bank Of Canada restated an "outperform" rating and issued a $190.00 target price on shares of AeroVironment in a report on Monday, May 12th. Raymond James Financial upgraded shares of AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 target price on the stock in a report on Tuesday, April 8th. Finally, William Blair restated an "outperform" rating on shares of AeroVironment in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, AeroVironment currently has a consensus rating of "Buy" and an average target price of $208.50.

Insider Transactions at AeroVironment

In other news, CEO Wahid Nawabi sold 29,366 shares of the 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 transaction, the chief executive officer now directly owns 115,174 shares in the company, valued at $14,765,306.80. This represents a 20.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.27% of the company's stock.

AeroVironment Trading Down 0.2%

Shares of AVAV stock opened at $189.65 on Friday. The firm has a market cap of $5.35 billion, a P/E ratio of 160.72 and a beta of 0.81. AeroVironment, Inc. has a 1-year low of $102.25 and a 1-year high of $236.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.22 and a quick ratio of 3.07. The firm's 50-day simple moving average is $168.20 and its 200-day simple moving average is $157.60.

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.

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