AeroVironment, Inc. (NASDAQ:AVAV) Shares Acquired by Washington Harbour Partners LP

Washington Harbour Partners LP boosted its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 4.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,044 shares of the aerospace company’s stock after purchasing an additional 844 shares during the period. AeroVironment comprises approximately 6.3% of Washington Harbour Partners LP’s holdings, making the stock its 7th largest position. Washington Harbour Partners LP owned approximately 0.08% of AeroVironment worth $3,392,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC lifted its holdings in shares of AeroVironment by 120.2% during the 4th quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company’s stock valued at $28,000 after buying an additional 101 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in AeroVironment in the fourth quarter valued at approximately $31,000. Colonial Trust Advisors acquired a new stake in AeroVironment in the fourth quarter valued at approximately $31,000. Accredited Wealth Management LLC bought a new stake in AeroVironment in the fourth quarter worth approximately $31,000. Finally, Wilmington Savings Fund Society FSB increased its stake in shares of AeroVironment by 1,515.4% during 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 during the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

AeroVironment Stock Performance

AVAV opened at $161.12 on Tuesday. 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 stock’s 50 day moving average price is $141.11 and its two-hundred day moving average price is $161.07. The firm has a market capitalization of $4.55 billion, a P/E ratio of 92.60 and a beta of 0.80. AeroVironment, Inc. has a 12-month low of $102.25 and a 12-month high of $236.60.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AVAV shares. Robert W. Baird reduced their price objective on shares of AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. Raymond James raised AeroVironment from a “market perform” rating to a “strong-buy” rating and set a $200.00 price target for the company in a research report on Tuesday, April 8th. William Blair reissued an “outperform” rating on shares of AeroVironment in a report on Wednesday, March 5th. Jefferies Financial Group cut their price objective on AeroVironment from $230.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $190.00 target price on shares of AeroVironment in a research report on Monday, May 12th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $197.83.

Insider Buying and Selling

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

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.