AeroVironment, Inc. (NASDAQ:AVAV) Shares Bought by Xponance Inc.

Xponance Inc. grew its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 17.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,998 shares of the aerospace company’s stock after acquiring an additional 301 shares during the period. Xponance Inc.’s holdings in AeroVironment were worth $307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AVAV. Modus Advisors LLC acquired a new stake in AeroVironment in the 4th quarter valued at about $31,000. Golden State Wealth Management LLC acquired a new stake in shares of AeroVironment in the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB increased its stake 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 purchasing an additional 197 shares in the last quarter. Bogart Wealth LLC acquired a new position in shares of AeroVironment during the 4th quarter worth approximately $38,000. Finally, Blue Trust Inc. lifted its stake in AeroVironment by 2,950.0% in the 4th quarter. Blue Trust Inc. now owns 305 shares of the aerospace company’s stock valued at $47,000 after buying an additional 295 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AVAV has been the subject of several recent research reports. William Blair reissued an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th. Jefferies Financial Group cut 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. Finally, Robert W. Baird decreased their price target on shares of AeroVironment from $220.00 to $146.00 and set an “outperform” rating on the stock 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $202.40.

AeroVironment Stock Performance

NASDAQ AVAV opened at $123.59 on Friday. The business’s 50-day moving average price is $153.36 and its 200 day moving average price is $177.06. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02. AeroVironment, Inc. has a twelve month low of $110.07 and a twelve month high of $236.60. The company has a market capitalization of $3.49 billion, a PE ratio of 71.03 and a beta of 0.42.

Insider Buying and Selling

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were 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 of the company’s stock, valued at $14,765,306.80. This trade represents a 20.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.27% of the company’s stock.

About AeroVironment

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.