NBC Securities Inc. Buys New Position in AeroVironment, Inc. (NASDAQ:AVAV)

NBC Securities Inc. bought a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 170 shares of the aerospace company’s stock, valued at approximately $26,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of AVAV. Vanguard Group Inc. increased its holdings in AeroVironment by 7.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,860,954 shares of the aerospace company’s stock worth $319,082,000 after purchasing an additional 209,359 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of AeroVironment by 3,565.5% in the 4th quarter. Victory Capital Management Inc. now owns 171,288 shares of the aerospace company’s stock worth $21,589,000 after acquiring an additional 166,615 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of AeroVironment in the 4th quarter worth approximately $20,287,000. Wellington Management Group LLP grew its position in shares of AeroVironment by 187.5% in the 4th quarter. Wellington Management Group LLP now owns 221,749 shares of the aerospace company’s stock worth $27,949,000 after acquiring an additional 144,628 shares in the last quarter. Finally, Axiom Investors LLC DE grew its position in shares of AeroVironment by 756.3% in the 4th quarter. Axiom Investors LLC DE now owns 102,155 shares of the aerospace company’s stock worth $12,876,000 after acquiring an additional 90,225 shares in the last quarter. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AVAV has been the subject of several research reports. Royal Bank of Canada lifted their target price on AeroVironment from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research report on Tuesday, March 5th. Finally, Robert W. Baird restated a “neutral” rating and set a $161.00 price objective on shares of AeroVironment in a research report on Friday, March 8th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.50.

AeroVironment Price Performance

Shares of AVAV opened at $192.71 on Wednesday. AeroVironment, Inc. has a 12 month low of $89.14 and a 12 month high of $224.00. The company has a market cap of $5.42 billion, a P/E ratio of -44.71 and a beta of 0.46. The stock has a fifty day moving average price of $188.24 and a 200 day moving average price of $153.32. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.66 and a quick ratio of 3.16.

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.