Townsquare Capital LLC Grows Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Townsquare Capital LLC raised its position in AeroVironment, Inc. (NASDAQ:AVAV) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,284 shares of the aerospace company’s stock after buying an additional 2,090 shares during the period. Townsquare Capital LLC owned 0.06% of AeroVironment worth $2,660,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of AVAV. Raymond James Financial Inc. purchased a new stake in AeroVironment during the fourth quarter worth about $46,789,000. Norges Bank purchased a new stake in shares of AeroVironment during the 4th quarter worth approximately $37,502,000. Baillie Gifford & Co. increased its stake in shares of AeroVironment by 9.4% during the 4th quarter. Baillie Gifford & Co. now owns 2,135,280 shares of the aerospace company’s stock worth $328,598,000 after purchasing an additional 183,887 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of AeroVironment by 415.7% in the 4th quarter. JPMorgan Chase & Co. now owns 198,975 shares of the aerospace company’s stock worth $30,620,000 after purchasing an additional 160,390 shares during the period. Finally, Stephens Investment Management Group LLC lifted its stake in AeroVironment by 40.0% in the fourth quarter. Stephens Investment Management Group LLC now owns 541,541 shares of the aerospace company’s stock valued at $83,338,000 after purchasing an additional 154,703 shares during the last quarter. Institutional investors own 86.38% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, CEO Wahid Nawabi sold 29,366 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $128.20, for a total transaction of $3,764,721.20. Following the completion of the transaction, the chief executive officer now directly owns 115,174 shares in the company, valued at $14,765,306.80. The trade was a 20.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.27% of the stock is currently owned by insiders.

AeroVironment Trading Down 2.0 %

Shares of AVAV opened at $140.00 on Wednesday. AeroVironment, Inc. has a twelve month low of $102.25 and a twelve month high of $236.60. The stock has a market cap of $3.95 billion, a PE ratio of 80.46 and a beta of 0.74. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02. The business’s 50-day moving average price is $138.62 and its 200-day moving average price is $170.92.

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.