Raymond James Financial Inc. purchased a new stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 304,045 shares of the aerospace company's stock, valued at approximately $46,789,000. Raymond James Financial Inc. owned approximately 1.08% of AeroVironment at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Modus Advisors LLC bought a new position in AeroVironment during the 4th quarter worth $31,000. Golden State Wealth Management LLC acquired a new position in AeroVironment during the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB raised its position in shares of AeroVironment by 1,515.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company's stock worth $32,000 after buying an additional 197 shares in the last quarter. Bogart Wealth LLC bought a new position in shares of AeroVironment in the fourth quarter valued at approximately $38,000. Finally, Blue Trust Inc. increased its stake in shares of AeroVironment by 2,950.0% during the fourth quarter. Blue Trust Inc. now owns 305 shares of the aerospace company's stock valued at $47,000 after acquiring an additional 295 shares during the period. Institutional investors and hedge funds own 86.38% of the company's stock.
Insider Buying and Selling at AeroVironment
In other news, CEO Wahid Nawabi sold 29,366 shares of AeroVironment stock in a transaction on 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 transaction, the chief executive officer now 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 filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.27% of the company's stock.
Analyst Ratings Changes
AVAV has been the topic of several research analyst reports. Raymond James upgraded AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 price target on the stock in a research report on Tuesday, April 8th. Robert W. Baird dropped their price target on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 5th. William Blair reissued an "outperform" rating on shares of AeroVironment in a report on Wednesday, March 5th. Finally, Jefferies Financial Group lowered 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. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $202.00.
View Our Latest Analysis on AVAV
AeroVironment Trading Up 2.6 %
Shares of AVAV stock traded up $3.80 during trading hours on Friday, reaching $147.61. 381,707 shares of the stock traded hands, compared to its average volume of 412,788. The business has a fifty day moving average price of $137.26 and a 200 day moving average price of $170.37. AeroVironment, Inc. has a 1-year low of $102.25 and a 1-year 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 firm has a market capitalization of $4.17 billion, a PE ratio of 84.83 and a beta of 0.74.
AeroVironment Profile
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Free Report)
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.
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