AeroVironment, Inc. (NASDAQ:AVAV) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 30.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,255 shares of the aerospace company’s stock after acquiring an additional 294 shares during the quarter. Farther Finance Advisors LLC’s holdings in AeroVironment were worth $193,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its position in AeroVironment by 0.8% during the 4th quarter. Arizona State Retirement System now owns 8,170 shares of the aerospace company’s stock worth $1,257,000 after acquiring an additional 68 shares during the period. New York State Teachers Retirement System lifted its position in AeroVironment by 0.6% during the 4th quarter. New York State Teachers Retirement System now owns 17,618 shares of the aerospace company’s stock worth $2,711,000 after acquiring an additional 100 shares during the period. Exchange Traded Concepts LLC lifted its position in AeroVironment by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,170 shares of the aerospace company’s stock worth $642,000 after acquiring an additional 105 shares during the period. Atria Investments Inc lifted its position in AeroVironment by 7.0% during the 4th quarter. Atria Investments Inc now owns 1,650 shares of the aerospace company’s stock worth $254,000 after acquiring an additional 108 shares during the period. Finally, Avior Wealth Management LLC lifted its position in AeroVironment by 51.0% during the 3rd quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock worth $79,000 after acquiring an additional 133 shares during the period. 86.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AVAV. Jefferies Financial Group cut their target price on AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Robert W. Baird cut their target price on AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. Finally, William Blair reissued an “outperform” rating on shares of AeroVironment in a research note on Wednesday, March 5th. One 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 stock. According to MarketBeat, AeroVironment has a consensus rating of “Buy” and an average price target of $202.40.

AeroVironment Stock Performance

NASDAQ AVAV opened at $125.73 on Thursday. AeroVironment, Inc. has a 1-year low of $110.07 and a 1-year high of $236.60. The company has a market capitalization of $3.55 billion, a P/E ratio of 72.26 and a beta of 0.42. The business has a 50 day moving average price of $157.93 and a 200 day moving average price of $179.65. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36.

AeroVironment Company 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.