Daiwa Securities Group Inc. Purchases 13,483 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Daiwa Securities Group Inc. boosted its position in AeroVironment, Inc. (NASDAQ:AVAV) by 90.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 28,367 shares of the aerospace company’s stock after buying an additional 13,483 shares during the quarter. Daiwa Securities Group Inc.’s holdings in AeroVironment were worth $4,365,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Modus Advisors LLC bought a new position in shares of AeroVironment in the 4th quarter valued at $31,000. Golden State Wealth Management LLC acquired a new stake in AeroVironment in the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB boosted its holdings 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 valued at $32,000 after acquiring an additional 197 shares in the last quarter. Bogart Wealth LLC bought a new stake in shares of AeroVironment during the fourth quarter worth about $38,000. Finally, Blue Trust Inc. grew its holdings in AeroVironment by 2,950.0% during the 4th quarter. Blue Trust Inc. now owns 305 shares of the aerospace company’s stock worth $47,000 after acquiring an additional 295 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on AVAV shares. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th. Jefferies Financial Group lowered their price objective on AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Finally, Robert W. Baird reduced their target price on AeroVironment from $220.00 to $146.00 and set an “outperform” rating on the stock in a report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $202.40.

AeroVironment Stock Performance

AVAV stock opened at $121.53 on Thursday. The firm has a market cap of $3.43 billion, a PE ratio of 69.84 and a beta of 0.42. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average price of $161.49 and a 200-day moving average price of $181.94. AeroVironment, Inc. has a 1-year low of $110.07 and a 1-year high of $236.60.

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.