Horizon Investments LLC Buys 8,549 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Horizon Investments LLC lifted its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 194.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,935 shares of the aerospace company’s stock after acquiring an additional 8,549 shares during the period. Horizon Investments LLC’s holdings in AeroVironment were worth $1,991,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AVAV. Arizona State Retirement System boosted its stake in AeroVironment by 0.8% during the fourth quarter. Arizona State Retirement System now owns 8,170 shares of the aerospace company’s stock valued at $1,257,000 after buying an additional 68 shares during the period. New York State Teachers Retirement System boosted its stake in AeroVironment by 0.6% during the fourth quarter. New York State Teachers Retirement System now owns 17,618 shares of the aerospace company’s stock valued at $2,711,000 after buying an additional 100 shares during the period. Exchange Traded Concepts LLC raised its position in AeroVironment by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,170 shares of the aerospace company’s stock valued at $642,000 after purchasing an additional 105 shares in the last quarter. Atria Investments Inc raised its position in AeroVironment by 7.0% during the fourth quarter. Atria Investments Inc now owns 1,650 shares of the aerospace company’s stock valued at $254,000 after purchasing an additional 108 shares in the last quarter. Finally, Avior Wealth Management LLC raised its position in AeroVironment by 51.0% during the third quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock valued at $79,000 after purchasing an additional 133 shares in the last quarter. 86.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AVAV shares. William Blair restated an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th. Robert W. Baird lowered their price target on AeroVironment from $220.00 to $146.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group lowered their price target on AeroVironment from $230.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $202.40.

AeroVironment Stock Down 0.8 %

AVAV opened at $124.79 on Wednesday. The company has a market cap of $3.52 billion, a P/E ratio of 71.72 and a beta of 0.42. The business’s 50-day moving average price is $158.68 and its 200-day moving average price is $180.03. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02. AeroVironment, Inc. has a 12 month low of $110.07 and a 12 month high of $236.60.

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.