1,815 Shares in AeroVironment, Inc. (NASDAQ:AVAV) Bought by American Century Companies Inc.

American Century Companies Inc. acquired a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,815 shares of the aerospace company's stock, valued at approximately $279,000.

A number of other hedge funds also recently modified their holdings of AVAV. Raymond James Financial Inc. bought a new stake in shares of AeroVironment during the fourth quarter worth approximately $46,789,000. Baillie Gifford & Co. grew its stake in shares of AeroVironment by 9.4% in the fourth quarter. Baillie Gifford & Co. now owns 2,135,280 shares of the aerospace company's stock valued at $328,598,000 after acquiring an additional 183,887 shares in the last quarter. Stephens Investment Management Group LLC raised its stake in AeroVironment by 40.0% in the 4th quarter. Stephens Investment Management Group LLC now owns 541,541 shares of the aerospace company's stock worth $83,338,000 after purchasing an additional 154,703 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of AeroVironment by 63.0% during the fourth quarter. Fisher Asset Management LLC now owns 217,806 shares of the aerospace company's stock worth $33,518,000 after purchasing an additional 84,170 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of AeroVironment by 740.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 63,919 shares of the aerospace company's stock valued at $9,836,000 after acquiring an additional 56,318 shares during the period. Institutional investors and hedge funds own 86.38% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AVAV shares. Raymond James upgraded 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. Jefferies Financial Group dropped their price objective on shares of AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock 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 on the stock in a research report on Wednesday, March 5th. Finally, William Blair restated an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, AeroVironment presently has an average rating of "Buy" and an average price target of $202.00.

AeroVironment Stock Performance

Shares of AeroVironment stock traded down $2.80 during trading hours on Tuesday, reaching $140.00. The company had a trading volume of 387,914 shares, compared to its average volume of 411,675. 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 one year low of $102.25 and a one year high of $236.60. The firm has a market cap of $3.95 billion, a PE ratio of 80.46 and a beta of 0.74. The business has a fifty day simple moving average of $138.62 and a 200 day simple moving average of $170.92.

Insider Transactions at AeroVironment

In related news, CEO Wahid Nawabi sold 29,366 shares of the company's stock in a transaction on 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 completion of the transaction, 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 is accessible through the SEC website. Insiders own 1.27% of the company's stock.

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.