TIAA Trust National Association Cuts Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

TIAA Trust National Association lowered its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 3.2% in the 4th quarter, Holdings Channel reports. The firm owned 3,012 shares of the aerospace company’s stock after selling 100 shares during the period. TIAA Trust National Association’s holdings in AeroVironment were worth $464,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its position in AeroVironment by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,098,822 shares of the aerospace company’s stock worth $476,878,000 after buying an additional 35,543 shares during the last quarter. Baillie Gifford & Co. grew its stake in shares of AeroVironment by 9.4% in the fourth quarter. Baillie Gifford & Co. now owns 2,135,280 shares of the aerospace company’s stock worth $328,598,000 after acquiring an additional 183,887 shares during the period. State Street Corp raised its holdings in shares of AeroVironment by 0.5% during the third quarter. State Street Corp now owns 1,582,871 shares of the aerospace company’s stock valued at $317,366,000 after purchasing an additional 7,471 shares during the last quarter. Geode Capital Management LLC lifted its position in AeroVironment by 0.8% during the third quarter. Geode Capital Management LLC now owns 634,189 shares of the aerospace company’s stock valued at $127,180,000 after purchasing an additional 4,948 shares during the period. Finally, Heard Capital LLC lifted its position in AeroVironment by 25.5% during the third quarter. Heard Capital LLC now owns 592,136 shares of the aerospace company’s stock valued at $118,723,000 after purchasing an additional 120,447 shares during the period. 86.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AVAV shares. Robert W. Baird decreased their target price 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. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group dropped their target price 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 investment 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. Based on data from MarketBeat, AeroVironment has a consensus rating of “Buy” and an average target price of $202.40.

Insider Activity

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 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 trade represents a 20.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.27% of the company’s stock.

AeroVironment Price Performance

NASDAQ AVAV opened at $123.59 on Friday. The business’s fifty day moving average is $153.36 and its 200 day moving average is $177.06. AeroVironment, Inc. has a fifty-two week low of $110.07 and a fifty-two week high of $236.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. The company has a market capitalization of $3.49 billion, a PE ratio of 71.03 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.