Legal & General Group Plc Has $12.80 Million Stake in AeroVironment, Inc. (NASDAQ:AVAV)

Legal & General Group Plc lowered its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,176 shares of the aerospace company’s stock after selling 2,250 shares during the period. Legal & General Group Plc owned about 0.29% of AeroVironment worth $12,800,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Modus Advisors LLC acquired a new stake in shares of AeroVironment during the 4th quarter valued at about $31,000. Golden State Wealth Management LLC acquired a new stake in AeroVironment during the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB grew its stake in shares of 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 purchasing an additional 197 shares during the period. Bogart Wealth LLC acquired a new position in shares of AeroVironment in the 4th quarter worth approximately $38,000. Finally, Blue Trust Inc. lifted its position in shares of AeroVironment by 2,950.0% during the 4th quarter. Blue Trust Inc. now owns 305 shares of the aerospace company’s stock worth $47,000 after buying an additional 295 shares during the period. Institutional investors own 86.38% of the company’s stock.

AeroVironment Stock Performance

AVAV stock opened at $143.81 on Thursday. The company has a 50 day moving average price of $137.96 and a 200 day moving average price of $170.73. AeroVironment, Inc. has a fifty-two week low of $102.25 and a fifty-two week high of $236.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. The stock has a market capitalization of $4.06 billion, a PE ratio of 82.65 and a beta of 0.74.

Insider Activity

In related news, CEO Wahid Nawabi sold 29,366 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $128.20, for a total value of $3,764,721.20. Following the transaction, the chief executive officer now owns 115,174 shares in the company, valued at $14,765,306.80. This trade represents a 20.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Jefferies Financial Group dropped their price objective on AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Raymond James upgraded shares of AeroVironment from a “market perform” rating to a “strong-buy” rating and set a $200.00 price target on the stock in a research report on Tuesday, April 8th. Robert W. Baird dropped their price objective on shares of AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. Finally, William Blair reissued an “outperform” rating on shares of AeroVironment in a report on Wednesday, March 5th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, AeroVironment has a consensus rating of “Buy” and an average target price of $202.00.

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.