304,045 Shares in AeroVironment, Inc. (NASDAQ:AVAV) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in AeroVironment, Inc. (NASDAQ:AVAV) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 304,045 shares of the aerospace company’s stock, valued at approximately $46,789,000. Raymond James Financial Inc. owned 1.08% of AeroVironment at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Modus Advisors LLC purchased a new stake in AeroVironment in the 4th quarter worth approximately $31,000. Golden State Wealth Management LLC purchased a new stake in AeroVironment in the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB boosted its position in AeroVironment by 1,515.4% in the 4th 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 in the 4th quarter worth approximately $38,000. Finally, Blue Trust Inc. boosted its position in AeroVironment by 2,950.0% in the 4th 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. Institutional investors and hedge funds own 86.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AVAV shares. Robert W. Baird lowered 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. Jefferies Financial Group lowered 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, William Blair restated 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 issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $202.40.

AeroVironment Trading Up 0.5 %

Shares of NASDAQ:AVAV opened at $124.00 on Wednesday. AeroVironment, Inc. has a 1 year low of $110.07 and a 1 year high of $236.60. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 71.26 and a beta of 0.42. 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 business’s 50 day moving average price is $162.13 and its 200-day moving average price is $182.36.

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.