Dynamic Technology Lab Private Ltd Invests $923,000 in AeroVironment, Inc. (NASDAQ:AVAV)

Dynamic Technology Lab Private Ltd bought a new position in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,002 shares of the aerospace company's stock, valued at approximately $923,000.

A number of other hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in AeroVironment by 299.4% during the 3rd quarter. Franklin Resources Inc. now owns 4,821 shares of the aerospace company's stock valued at $1,037,000 after purchasing an additional 3,614 shares during the period. Congress Asset Management Co. boosted its position in shares of AeroVironment by 10.9% in the fourth 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 acquired a new stake in shares of AeroVironment in the fourth quarter worth $404,000. Fisher Asset Management LLC increased its position in 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 acquiring an additional 84,170 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in AeroVironment by 415.7% in the 4th 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. 86.38% of the stock is currently owned by institutional investors.

AeroVironment Trading Up 3.7 %

Shares of AeroVironment stock traded up $5.08 on Friday, hitting $144.05. 119,581 shares of the company's stock traded hands, compared to its average volume of 407,560. The firm's 50-day moving average price is $141.06 and its two-hundred day moving average price is $172.04. 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 stock has a market capitalization of $4.06 billion, a PE ratio of 82.60 and a beta of 0.74. AeroVironment, Inc. has a one year low of $102.25 and a one year high of $236.60.

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Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AVAV shares. Raymond James upgraded AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 price objective for the company in a research note on Tuesday. William Blair reiterated an "outperform" rating on shares of AeroVironment in a research report on Wednesday, March 5th. 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. Finally, Robert W. Baird reduced their target price on AeroVironment from $220.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, AeroVironment presently has a consensus rating of "Buy" and a consensus price target of $202.00.

Insider Activity at AeroVironment

In other news, CEO Wahid Nawabi sold 29,366 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $128.20, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.27% of the stock is currently owned by corporate insiders.

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.