DMC Group LLC boosted its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV – Free Report) by 7.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,356 shares of the aerospace company’s stock after purchasing an additional 158 shares during the period. DMC Group LLC’s holdings in AeroVironment were worth $363,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in shares of AeroVironment by 299.4% in the third quarter. Franklin Resources Inc. now owns 4,821 shares of the aerospace company’s stock worth $1,037,000 after acquiring an additional 3,614 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in AeroVironment by 22.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,893 shares of the aerospace company’s stock worth $599,000 after purchasing an additional 721 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of AeroVironment by 740.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 63,919 shares of the aerospace company’s stock worth $9,836,000 after purchasing an additional 56,318 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in shares of AeroVironment during the 4th quarter worth about $212,000. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of AeroVironment during the 3rd quarter valued at about $271,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.
AeroVironment Stock Down 2.1 %
Shares of AeroVironment stock opened at $171.28 on Thursday. AeroVironment, Inc. has a 12-month low of $119.46 and a 12-month 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 stock has a 50 day moving average price of $170.18 and a two-hundred day moving average price of $185.92. The stock has a market capitalization of $4.83 billion, a P/E ratio of 98.44 and a beta of 0.50.
Wall Street Analyst Weigh In
A number of research firms recently commented on AVAV. Jefferies Financial Group upgraded AeroVironment from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $240.00 to $230.00 in a report on Wednesday, November 20th. William Blair restated an “outperform” rating on shares of AeroVironment in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $225.20.
View Our Latest Analysis on AeroVironment
Insider Activity at AeroVironment
In related news, CFO Kevin Patrick Mcdonnell sold 508 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $216.65, for a total transaction of $110,058.20. Following the transaction, the chief financial officer now owns 16,868 shares of the company’s stock, valued at approximately $3,654,452.20. The trade was a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.27% of the stock is owned by corporate insiders.
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.
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