Oberweis Asset Management Inc. Buys 9,980 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Oberweis Asset Management Inc. raised its position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 10.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,720 shares of the aerospace company's stock after purchasing an additional 9,980 shares during the period. Oberweis Asset Management Inc. owned 0.36% of AeroVironment worth $15,808,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Modus Advisors LLC acquired a new position in AeroVironment during the 4th quarter worth $31,000. Golden State Wealth Management LLC bought a new stake in shares of AeroVironment during the fourth quarter valued at about $31,000. Colonial Trust Advisors acquired a new stake in AeroVironment in the fourth quarter worth about $31,000. Wilmington Savings Fund Society FSB grew its position in AeroVironment by 1,515.4% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company's stock valued at $32,000 after buying an additional 197 shares in the last quarter. Finally, Bogart Wealth LLC bought a new position in AeroVironment in the 4th quarter valued at about $38,000. 86.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

AeroVironment Price Performance

AeroVironment stock traded up $3.27 during mid-day trading on Tuesday, hitting $152.98. The company's stock had a trading volume of 93,687 shares, compared to its average volume of 412,092. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02. AeroVironment, Inc. has a twelve month low of $102.25 and a twelve month high of $236.60. The stock has a market capitalization of $4.32 billion, a P/E ratio of 87.87 and a beta of 0.74. The stock's fifty day moving average price is $135.26 and its two-hundred day moving average price is $166.94.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AVAV. William Blair reaffirmed an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. Robert W. Baird cut their target price on 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 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, Jefferies Financial Group dropped their price objective on AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, AeroVironment currently has a consensus rating of "Buy" and an average target price of $202.00.

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.