AeroVironment, Inc. (NASDAQ:AVAV) Stock Holdings Lifted by Benjamin Edwards Inc.

Benjamin Edwards Inc. lifted its position in AeroVironment, Inc. (NASDAQ:AVAV) by 6.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,486 shares of the aerospace company’s stock after acquiring an additional 205 shares during the quarter. Benjamin Edwards Inc.’s holdings in AeroVironment were worth $536,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of AeroVironment in the fourth quarter worth $31,000. Colonial Trust Advisors acquired a new stake in AeroVironment during the 4th quarter worth about $31,000. Accredited Wealth Management LLC purchased a new position in AeroVironment during the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB increased its holdings in shares of AeroVironment by 1,515.4% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 197 shares during the period. Finally, Bogart Wealth LLC purchased a new stake in shares of AeroVironment in the fourth quarter worth approximately $38,000. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Wahid Nawabi sold 29,366 shares of the stock in a transaction that occurred on 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 directly owns 115,174 shares of the company’s stock, valued at approximately $14,765,306.80. This represents a 20.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.27% of the company’s stock.

AeroVironment Price Performance

NASDAQ AVAV opened at $165.78 on Friday. AeroVironment, Inc. has a fifty-two week low of $102.25 and a fifty-two week high of $236.60. The stock’s 50-day moving average is $136.79 and its two-hundred day moving average is $164.04. The firm has a market cap of $4.68 billion, a P/E ratio of 95.28 and a beta of 0.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. 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 report on Wednesday, March 5th. Raymond James upgraded AeroVironment from a “market perform” rating to a “strong-buy” rating and set a $200.00 price objective for the company in a report on Tuesday, April 8th. William Blair restated an “outperform” rating on shares of AeroVironment in a research note on Wednesday, March 5th. Finally, 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 research note on Wednesday, March 5th. Six investment 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 a consensus rating of “Buy” and an average target price of $202.00.

AeroVironment 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.