Jones Financial Companies Lllp Boosts Stake in AeroVironment, Inc. (NASDAQ:AVAV)

Jones Financial Companies Lllp boosted its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 18.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,093 shares of the aerospace company’s stock after purchasing an additional 173 shares during the quarter. Jones Financial Companies Lllp’s holdings in AeroVironment were worth $168,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AVAV. Modus Advisors LLC purchased a new stake in AeroVironment during the fourth quarter worth $31,000. Golden State Wealth Management LLC purchased a new stake in AeroVironment during the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB boosted its position in AeroVironment by 1,515.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 197 shares in the last quarter. Bogart Wealth LLC purchased a new stake in AeroVironment during the fourth quarter worth $38,000. Finally, Blue Trust Inc. boosted its position in AeroVironment by 2,950.0% during the fourth 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 currently owned by hedge funds and other institutional investors.

AeroVironment Stock Up 4.4 %

Shares of NASDAQ:AVAV opened at $129.45 on Friday. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02. AeroVironment, Inc. has a 52-week low of $110.07 and a 52-week high of $236.60. The stock’s fifty day simple moving average is $160.21 and its 200-day simple moving average is $181.20. The company has a market capitalization of $3.65 billion, a P/E ratio of 74.40 and a beta of 0.42.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AVAV shares. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th. Jefferies Financial Group reduced their price objective on AeroVironment from $230.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Finally, Robert W. Baird reduced their price objective on AeroVironment from $220.00 to $146.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, AeroVironment currently has a consensus rating of “Buy” and a consensus price target 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.