AeroVironment, Inc. (NASDAQ:AVAV) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 63.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 217,806 shares of the aerospace company’s stock after purchasing an additional 84,170 shares during the quarter. Fisher Asset Management LLC’s holdings in AeroVironment were worth $33,518,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Baillie Gifford & Co. lifted its holdings in shares of AeroVironment by 9.4% in the 4th quarter. Baillie Gifford & Co. now owns 2,135,280 shares of the aerospace company’s stock worth $328,598,000 after acquiring an additional 183,887 shares during the last quarter. State Street Corp lifted its holdings in AeroVironment by 0.5% during the 3rd quarter. State Street Corp now owns 1,582,871 shares of the aerospace company’s stock worth $317,366,000 after buying an additional 7,471 shares in the last quarter. Geode Capital Management LLC lifted its holdings in AeroVironment by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 634,189 shares of the aerospace company’s stock worth $127,180,000 after buying an additional 4,948 shares in the last quarter. Heard Capital LLC lifted its holdings in AeroVironment by 25.5% during the 3rd quarter. Heard Capital LLC now owns 592,136 shares of the aerospace company’s stock worth $118,723,000 after buying an additional 120,447 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its holdings in AeroVironment by 40.0% during the 4th quarter. Stephens Investment Management Group LLC now owns 541,541 shares of the aerospace company’s stock worth $83,338,000 after buying an additional 154,703 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors and hedge funds.

AeroVironment Trading Down 1.5 %

Shares of NASDAQ:AVAV opened at $149.62 on Monday. AeroVironment, Inc. has a 52 week low of $129.59 and a 52 week high of $236.60. The company’s 50 day moving average is $165.63 and its two-hundred day moving average is $185.02. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02. The company has a market cap of $4.22 billion, a PE ratio of 85.99 and a beta of 0.52.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Wednesday, December 4th. The aerospace company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.29). AeroVironment had a net margin of 6.39% and a return on equity of 8.12%. The firm had revenue of $188.46 million during the quarter, compared to analysts’ expectations of $181.80 million. During the same period in the prior year, the company posted $0.97 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities analysts predict that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on AVAV. Jefferies Financial Group upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and reduced their target price for the stock from $240.00 to $230.00 in a report on Wednesday, November 20th. William Blair reiterated an “outperform” rating on shares of AeroVironment in a report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $225.20.

About AeroVironment

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.