AeroVironment, Inc. (NASDAQ:AVAV) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 90.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,367 shares of the aerospace company's stock after buying an additional 13,483 shares during the quarter. Daiwa Securities Group Inc. owned approximately 0.10% of AeroVironment worth $4,365,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AVAV. Moran Wealth Management LLC increased its position in AeroVironment by 5.4% during the 4th quarter. Moran Wealth Management LLC now owns 3,847 shares of the aerospace company's stock worth $592,000 after purchasing an additional 196 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in AeroVironment by 13.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,325 shares of the aerospace company's stock worth $819,000 after purchasing an additional 625 shares in the last quarter. Intellectus Partners LLC purchased a new stake in AeroVironment during the 4th quarter worth about $1,824,000. PNC Financial Services Group Inc. increased its position in AeroVironment by 4.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,782 shares of the aerospace company's stock worth $582,000 after purchasing an additional 156 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in AeroVironment in the 4th quarter valued at about $46,789,000. Institutional investors and hedge funds own 86.38% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on AVAV shares. William Blair restated an "outperform" rating on shares of AeroVironment in a report on Wednesday, March 5th. Robert W. Baird lowered their price target on AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, March 5th. Finally, Jefferies Financial Group lowered their price target on AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $202.40.

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AeroVironment Stock Up 4.4 %

Shares of AVAV traded up $5.46 during midday trading on Friday, hitting $129.45. The company had a trading volume of 487,579 shares, compared to its average volume of 390,506. The company's 50 day moving average price is $160.21 and its 200 day moving average price is $181.23. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 74.40 and a beta of 0.42. AeroVironment, Inc. has a 52 week low of $110.07 and a 52 week high of $236.60. 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 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.