Fisher Asset Management LLC Has $17.89 Million Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Fisher Asset Management LLC decreased its position in AeroVironment, Inc. (NASDAQ:AVAV) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 141,961 shares of the aerospace company’s stock after selling 8,435 shares during the period. Fisher Asset Management LLC owned approximately 0.50% of AeroVironment worth $17,893,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AVAV. Bfsg LLC acquired a new position in shares of AeroVironment in the 4th quarter valued at about $25,000. GAMMA Investing LLC acquired a new position in AeroVironment in the fourth quarter valued at approximately $32,000. Russell Investments Group Ltd. bought a new position in shares of AeroVironment during the 4th quarter worth approximately $39,000. RiverPark Advisors LLC boosted its holdings in shares of AeroVironment by 77.2% during the 4th quarter. RiverPark Advisors LLC now owns 388 shares of the aerospace company’s stock worth $49,000 after buying an additional 169 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of AeroVironment during the 4th quarter worth approximately $69,000. Institutional investors own 86.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AVAV. Robert W. Baird reiterated a “neutral” rating and set a $161.00 target price on shares of AeroVironment in a research report on Friday, March 8th. Royal Bank of Canada upped their price objective on shares of AeroVironment from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Finally, William Blair restated an “outperform” rating on shares of AeroVironment in a research note on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.20.

Insider Buying and Selling

In other news, SVP Melissa Ann Brown sold 1,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $176.77, for a total value of $176,770.00. Following the completion of the sale, the senior vice president now owns 12,339 shares in the company, valued at approximately $2,181,165.03. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Melissa Ann Brown sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $176.77, for a total value of $176,770.00. Following the transaction, the senior vice president now owns 12,339 shares in the company, valued at approximately $2,181,165.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Trace E. Stevenson sold 1,913 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $183.00, for a total value of $350,079.00. Following the completion of the transaction, the vice president now directly owns 2,570 shares of the company’s stock, valued at $470,310. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

AeroVironment Stock Up 1.8 %

AeroVironment stock opened at $168.77 on Monday. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of -39.16 and a beta of 0.44. The firm’s fifty day moving average price is $151.17 and its two-hundred day moving average price is $133.91. AeroVironment, Inc. has a 1-year low of $88.24 and a 1-year high of $184.61. The company has a current ratio of 4.66, a quick ratio of 3.16 and a debt-to-equity ratio of 0.04.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Monday, March 4th. The aerospace company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.30. The business had revenue of $186.60 million for the quarter, compared to analysts’ expectations of $170.62 million. AeroVironment had a negative net margin of 15.14% and a positive return on equity of 13.93%. The firm’s revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 EPS. On average, equities research analysts predict that AeroVironment, Inc. will post 2.8 earnings per share for the current fiscal year.

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.