New Age Alpha Advisors LLC Takes $250,000 Position in AeroVironment, Inc. (NASDAQ:AVAV)

New Age Alpha Advisors LLC acquired a new stake in AeroVironment, Inc. (NASDAQ:AVAV) during the 4th quarter, Holdings Channel reports. The fund acquired 1,622 shares of the aerospace company’s stock, valued at approximately $250,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Arizona State Retirement System increased its holdings in shares of AeroVironment by 0.8% during the 4th quarter. Arizona State Retirement System now owns 8,170 shares of the aerospace company’s stock worth $1,257,000 after acquiring an additional 68 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in AeroVironment by 0.6% during the 4th quarter. New York State Teachers Retirement System now owns 17,618 shares of the aerospace company’s stock worth $2,711,000 after purchasing an additional 100 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in AeroVironment by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,170 shares of the aerospace company’s stock valued at $642,000 after buying an additional 105 shares in the last quarter. Atria Investments Inc lifted its holdings in shares of AeroVironment by 7.0% during the fourth quarter. Atria Investments Inc now owns 1,650 shares of the aerospace company’s stock worth $254,000 after buying an additional 108 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of AeroVironment by 4.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,782 shares of the aerospace company’s stock valued at $582,000 after acquiring an additional 156 shares during the period. 86.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $128.20, for a total value of $3,764,721.20. Following the sale, the chief executive officer now owns 115,174 shares in the company, valued at $14,765,306.80. This trade represents a 20.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

AVAV has been the topic of a number of analyst reports. Robert W. Baird decreased their target price on shares of AeroVironment from $220.00 to $146.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a report on Wednesday, March 5th. Finally, Jefferies Financial Group cut their price objective on shares of AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, AeroVironment has an average rating of “Buy” and an average price target of $202.40.

AeroVironment Stock Performance

NASDAQ:AVAV opened at $126.84 on Thursday. AeroVironment, Inc. has a twelve month low of $110.07 and a twelve month high of $236.60. 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 simple moving average is $149.27 and its 200 day simple moving average is $175.26. The firm has a market capitalization of $3.58 billion, a PE ratio of 72.90 and a beta of 0.42.

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.