Fuller & Thaler Asset Management Inc. Sells 240,012 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Fuller & Thaler Asset Management Inc. trimmed its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 99.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190 shares of the aerospace company's stock after selling 240,012 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in AeroVironment were worth $29,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AVAV. Franklin Resources Inc. boosted its position in shares of AeroVironment by 299.4% in the 3rd quarter. Franklin Resources Inc. now owns 4,821 shares of the aerospace company's stock worth $1,037,000 after purchasing an additional 3,614 shares during the last quarter. Congress Asset Management Co. raised its position in shares of AeroVironment by 10.9% in the 4th quarter. Congress Asset Management Co. now owns 333,193 shares of the aerospace company's stock valued at $51,275,000 after acquiring an additional 32,663 shares during the period. Cibc World Markets Corp bought a new position in AeroVironment during the 4th quarter worth approximately $404,000. JPMorgan Chase & Co. grew its holdings in AeroVironment by 415.7% during the fourth quarter. JPMorgan Chase & Co. now owns 198,975 shares of the aerospace company's stock valued at $30,620,000 after purchasing an additional 160,390 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in AeroVironment by 63.0% during the fourth quarter. Fisher Asset Management LLC now owns 217,806 shares of the aerospace company's stock valued at $33,518,000 after purchasing an additional 84,170 shares during the period. 86.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group reduced their price target on shares of AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. William Blair reissued an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. Raymond James raised AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 price target on the stock in a research report on Tuesday, April 8th. Finally, Robert W. Baird lowered their target price on AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, March 5th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $202.00.

AeroVironment Stock Up 1.0 %

NASDAQ:AVAV traded up $1.56 on Friday, hitting $156.77. 127,755 shares of the company's stock were exchanged, compared to its average volume of 448,684. The firm has a 50-day moving average price of $135.15 and a 200-day moving average price of $166.32. AeroVironment, Inc. has a 52 week low of $102.25 and a 52 week high of $236.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. The company has a market cap of $4.42 billion, a P/E ratio of 90.30 and a beta of 0.74.

Insider Buying and Selling

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 transaction, the chief executive officer now directly owns 115,174 shares in the company, valued at $14,765,306.80. The trade was a 20.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.27% of the stock is currently owned by corporate insiders.

AeroVironment Company 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.