Horizon Investments LLC Boosts Stock Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Horizon Investments LLC lifted its position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 194.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,935 shares of the aerospace company's stock after purchasing an additional 8,549 shares during the quarter. Horizon Investments LLC's holdings in AeroVironment were worth $1,991,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AVAV. Arizona State Retirement System raised its holdings in AeroVironment by 0.8% during the fourth quarter. Arizona State Retirement System now owns 8,170 shares of the aerospace company's stock worth $1,257,000 after buying an additional 68 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of AeroVironment by 0.6% during the fourth quarter. New York State Teachers Retirement System now owns 17,618 shares of the aerospace company's stock worth $2,711,000 after acquiring an additional 100 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of AeroVironment by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,170 shares of the aerospace company's stock worth $642,000 after acquiring an additional 105 shares during the last quarter. Atria Investments Inc lifted its position in AeroVironment by 7.0% in the 4th quarter. Atria Investments Inc now owns 1,650 shares of the aerospace company's stock valued at $254,000 after acquiring an additional 108 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its stake in AeroVironment by 51.0% during the 3rd quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company's stock valued at $79,000 after purchasing an additional 133 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors.

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AeroVironment Stock Performance

AVAV traded down $0.09 during trading on Friday, hitting $125.01. 733,798 shares of the company traded hands, compared to its average volume of 390,582. The firm has a market cap of $3.53 billion, a P/E ratio of 71.84 and a beta of 0.42. 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 one year low of $110.07 and a one year high of $236.60. The stock's fifty day moving average is $156.36 and its 200 day moving average is $178.63.

Analyst Ratings Changes

Several analysts have recently commented on the company. William Blair reissued an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. Robert W. Baird dropped their price objective on AeroVironment from $220.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 5th. Finally, Jefferies Financial Group reduced their target price on shares of AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, AeroVironment has an average rating of "Buy" and an average price target of $202.40.

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.