Victory Capital Management Inc. Lowers Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Victory Capital Management Inc. trimmed its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 22.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 139,410 shares of the aerospace company’s stock after selling 41,414 shares during the quarter. Victory Capital Management Inc. owned about 0.49% of AeroVironment worth $21,454,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Modus Advisors LLC bought a new position in shares of AeroVironment in the fourth quarter worth approximately $31,000. Golden State Wealth Management LLC purchased a new position in AeroVironment in the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB lifted its position in AeroVironment by 1,515.4% in 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 purchased a new stake in AeroVironment during the 4th quarter valued at $38,000. Finally, Blue Trust Inc. increased its holdings in shares of AeroVironment by 2,950.0% in the 4th quarter. Blue Trust Inc. now owns 305 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 295 shares in the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.

AeroVironment Stock Up 0.5 %

AeroVironment stock opened at $124.00 on Wednesday. AeroVironment, Inc. has a one year low of $110.07 and a one year high of $236.60. The stock has a fifty day moving average of $162.13 and a 200 day moving average of $182.36. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. The stock has a market cap of $3.50 billion, a PE ratio of 71.26 and a beta of 0.42.

Wall Street Analysts Forecast Growth

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

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.