Captrust Financial Advisors increased its position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 90.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,137 shares of the aerospace company's stock after acquiring an additional 2,910 shares during the quarter. Captrust Financial Advisors' holdings in AeroVironment were worth $944,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of AeroVironment during the 4th quarter worth $31,000. Colonial Trust Advisors acquired a new position in AeroVironment in the fourth quarter valued at about $31,000. Accredited Wealth Management LLC acquired a new position in AeroVironment in the fourth quarter valued at about $31,000. Wilmington Savings Fund Society FSB lifted its position in shares of AeroVironment by 1,515.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company's stock worth $32,000 after purchasing an additional 197 shares in the last quarter. Finally, Bogart Wealth LLC acquired a new position in shares of AeroVironment during the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 86.38% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on AVAV. Royal Bank of Canada reissued an "outperform" rating and set a $190.00 price target on shares of AeroVironment in a research note on Monday, May 12th. Raymond James upgraded shares of AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 target price for the company in a report on Tuesday, April 8th. Robert W. Baird reduced their target price on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, March 5th. William Blair reiterated an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. Finally, Jefferies Financial Group lowered 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. 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 data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $197.83.
Get Our Latest Research Report on AVAV
Insider Transactions at AeroVironment
In other news, CEO Wahid Nawabi sold 29,366 shares of the business's stock in a transaction that occurred 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.27% of the company's stock.
AeroVironment Trading Down 3.2%
Shares of NASDAQ AVAV traded down $5.44 during midday trading on Wednesday, reaching $163.86. The stock had a trading volume of 75,102 shares, compared to its average volume of 412,024. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 94.98 and a beta of 0.80. AeroVironment, Inc. has a twelve month low of $102.25 and a twelve month high of $236.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. The company's 50 day moving average price is $142.02 and its 200 day moving average price is $161.13.
About AeroVironment
(
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.
Featured Articles
Before you consider AeroVironment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AeroVironment wasn't on the list.
While AeroVironment currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
