Cary Street Partners Financial LLC acquired a new stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,895 shares of the aerospace company's stock, valued at approximately $599,000.
Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in shares of AeroVironment in the fourth quarter valued at approximately $31,000. Colonial Trust Advisors purchased a new stake in shares of AeroVironment in the fourth quarter valued at approximately $31,000. Accredited Wealth Management LLC purchased a new stake in shares of AeroVironment in the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB boosted its stake in shares of AeroVironment by 1,515.4% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company's stock valued at $32,000 after buying an additional 197 shares in the last quarter. Finally, Bogart Wealth LLC purchased a new stake in shares of AeroVironment in the fourth quarter valued at approximately $38,000. 86.38% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at AeroVironment
In other news, CEO Wahid Nawabi sold 29,366 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $128.20, for a total value of $3,764,721.20. Following the completion of the sale, the chief executive officer now owns 115,174 shares of the company's stock, valued at $14,765,306.80. This represents a 20.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.27% of the stock is owned by company insiders.
AeroVironment Trading Down 0.4%
AVAV stock traded down $0.73 during trading on Wednesday, reaching $165.87. 127,122 shares of the stock traded hands, compared to its average volume of 444,014. The business's 50 day moving average price is $138.05 and its 200-day moving average price is $162.98. AeroVironment, Inc. has a 52-week low of $102.25 and a 52-week high of $236.60. 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 firm has a market capitalization of $4.68 billion, a PE ratio of 95.33 and a beta of 0.80.
Wall Street Analyst Weigh In
AVAV has been the topic of a number of analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $190.00 price target on shares of AeroVironment in a research note on Monday. Robert W. Baird cut their price target on AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, March 5th. William Blair reissued an "outperform" rating on shares of AeroVironment in a report on Wednesday, March 5th. Raymond James upgraded AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 target price for the company in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group dropped their target price on AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $197.83.
View Our Latest Stock Report on AeroVironment
AeroVironment Profile
(
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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