FIL Ltd Takes $2.53 Million Position in AeroVironment, Inc. (NASDAQ:AVAV)

FIL Ltd bought a new position in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,440 shares of the aerospace company's stock, valued at approximately $2,530,000. FIL Ltd owned about 0.06% of AeroVironment at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Modus Advisors LLC acquired a new position in AeroVironment in the fourth quarter worth approximately $31,000. Golden State Wealth Management LLC acquired a new stake in AeroVironment in the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB grew its position in AeroVironment by 1,515.4% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company's stock worth $32,000 after acquiring an additional 197 shares in the last quarter. Bogart Wealth LLC acquired a new position in shares of AeroVironment during the 4th quarter worth $38,000. Finally, Blue Trust Inc. raised its holdings in shares of AeroVironment by 2,950.0% during the 4th quarter. Blue Trust Inc. now owns 305 shares of the aerospace company's stock valued at $47,000 after purchasing an additional 295 shares in the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of the firm'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 sale, the chief executive officer now directly owns 115,174 shares in the company, valued at $14,765,306.80. This trade represents a 20.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.27% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AVAV has been the topic of several analyst reports. William Blair reissued an "outperform" rating on shares of AeroVironment in a research report on Wednesday, March 5th. Robert W. Baird lowered their price objective on AeroVironment from $220.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. Raymond James raised AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 price objective on the stock in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group decreased their target price on AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Six research 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, the company has a consensus rating of "Buy" and a consensus target price of $202.00.

AeroVironment Stock Performance

Shares of AVAV stock traded up $3.80 during trading hours on Friday, reaching $147.61. 381,707 shares of the company's stock were exchanged, compared to its average volume of 412,788. AeroVironment, Inc. has a fifty-two week low of $102.25 and a fifty-two 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. The stock has a market capitalization of $4.17 billion, a P/E ratio of 84.83 and a beta of 0.74. The business has a fifty day moving average price of $137.26 and a 200-day moving average price of $170.37.

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.