AeroVironment, Inc. (NASDAQ:AVAV) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC raised its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 63.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 217,806 shares of the aerospace company’s stock after purchasing an additional 84,170 shares during the period. Fisher Asset Management LLC owned about 0.77% of AeroVironment worth $33,518,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. grew its holdings in AeroVironment by 299.4% in the third quarter. Franklin Resources Inc. now owns 4,821 shares of the aerospace company’s stock valued at $1,037,000 after purchasing an additional 3,614 shares during the period. Congress Asset Management Co. grew its holdings in AeroVironment by 10.9% in the fourth quarter. Congress Asset Management Co. now owns 333,193 shares of the aerospace company’s stock valued at $51,275,000 after purchasing an additional 32,663 shares during the period. Principal Financial Group Inc. grew its holdings in AeroVironment by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 136,652 shares of the aerospace company’s stock valued at $21,029,000 after purchasing an additional 4,107 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in shares of AeroVironment in the fourth quarter worth approximately $333,000. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in shares of AeroVironment by 22.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,893 shares of the aerospace company’s stock worth $599,000 after acquiring an additional 721 shares during the last quarter. 86.38% of the stock is owned by institutional investors and hedge funds.

AeroVironment Price Performance

AeroVironment stock opened at $149.62 on Monday. 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 company has a 50-day moving average price of $165.63 and a 200 day moving average price of $185.02. AeroVironment, Inc. has a 12-month low of $129.59 and a 12-month high of $236.60. The stock has a market cap of $4.22 billion, a P/E ratio of 85.99 and a beta of 0.52.

AeroVironment (NASDAQ:AVAV) last posted its earnings results on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.29). The firm had revenue of $188.46 million during the quarter, compared to analyst estimates of $181.80 million. AeroVironment had a net margin of 6.39% and a return on equity of 8.12%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 earnings per share. Sell-side analysts anticipate that AeroVironment, Inc. will post 3.38 earnings per share for the current year.

Analysts Set New Price Targets

AVAV has been the topic of a number of research analyst reports. Jefferies Financial Group raised AeroVironment from a “hold” rating to a “buy” rating and lowered their price target for the stock from $240.00 to $230.00 in a research note on Wednesday, November 20th. William Blair reaffirmed 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 given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AeroVironment presently has a consensus rating of “Buy” and a consensus target price of $225.20.

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.