Farther Finance Advisors LLC Raises Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Farther Finance Advisors LLC boosted its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 30.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,255 shares of the aerospace company’s stock after purchasing an additional 294 shares during the quarter. Farther Finance Advisors LLC’s holdings in AeroVironment were worth $193,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC increased its holdings in AeroVironment by 11.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,661 shares of the aerospace company’s stock worth $256,000 after purchasing an additional 175 shares during the period. Clare Market Investments LLC purchased a new stake in AeroVironment during the 4th quarter worth about $1,511,000. Daiwa Securities Group Inc. increased its holdings in AeroVironment by 90.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 28,367 shares of the aerospace company’s stock worth $4,365,000 after purchasing an additional 13,483 shares during the period. Moran Wealth Management LLC increased its holdings in AeroVironment by 5.4% during the 4th quarter. Moran Wealth Management LLC now owns 3,847 shares of the aerospace company’s stock worth $592,000 after purchasing an additional 196 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of AeroVironment by 13.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,325 shares of the aerospace company’s stock worth $819,000 after acquiring an additional 625 shares in the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AVAV. Jefferies Financial Group lowered their price objective on AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Robert W. Baird lowered their price objective 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, William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AeroVironment currently has an average rating of “Buy” and a consensus target price of $202.40.

AeroVironment Stock Up 0.8 %

Shares of NASDAQ AVAV opened at $125.73 on Thursday. The stock has a market cap of $3.55 billion, a PE ratio of 72.26 and a beta of 0.42. 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 business has a 50-day moving average price of $157.93 and a 200 day moving average price of $179.65.

AeroVironment 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.