New York State Common Retirement Fund raised its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 7.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,300 shares of the aerospace company’s stock after purchasing an additional 1,500 shares during the period. New York State Common Retirement Fund’s holdings in AeroVironment were worth $1,526,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LS Investment Advisors LLC raised its position in AeroVironment by 15.9% during the 4th quarter. LS Investment Advisors LLC now owns 2,059 shares of the aerospace company’s stock valued at $140,000 after purchasing an additional 282 shares during the last quarter. Mason Street Advisors LLC raised its position in AeroVironment by 3.4% during the 1st quarter. Mason Street Advisors LLC now owns 6,839 shares of the aerospace company’s stock valued at $468,000 after purchasing an additional 226 shares during the last quarter. BlackRock Inc. raised its position in AeroVironment by 4.4% during the 4th quarter. BlackRock Inc. now owns 3,852,473 shares of the aerospace company’s stock valued at $261,777,000 after purchasing an additional 164,034 shares during the last quarter. Texas Permanent School Fund raised its position in shares of AeroVironment by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 13,936 shares of the aerospace company’s stock worth $947,000 after acquiring an additional 535 shares in the last quarter. Finally, Citigroup Inc. raised its position in shares of AeroVironment by 432.5% in the 4th quarter. Citigroup Inc. now owns 92,942 shares of the aerospace company’s stock worth $6,316,000 after acquiring an additional 75,488 shares in the last quarter. 82.77% of the stock is owned by institutional investors and hedge funds.

In other news, Chairman Timothy E. Conver sold 13,792 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $63.35, for a total value of $873,723.20. Following the completion of the transaction, the chairman now owns 55,659 shares of the company’s stock, valued at approximately $3,525,997.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Timothy E. Conver sold 16,222 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $69.68, for a total value of $1,130,348.96. Following the completion of the transaction, the chairman now directly owns 55,659 shares of the company’s stock, valued at approximately $3,878,319.12. The disclosure for this sale can be found here. Insiders sold a total of 101,469 shares of company stock valued at $6,867,250 in the last three months. Corporate insiders own 11.70% of the company’s stock.

Shares of NASDAQ:AVAV opened at $62.55 on Friday. AeroVironment, Inc. has a 52-week low of $56.00 and a 52-week high of $121.32. The company has a market capitalization of $1.52 billion, a PE ratio of 57.92, a PEG ratio of 1.53 and a beta of 1.29.

Several research analysts have recently issued reports on AVAV shares. Zacks Investment Research raised AeroVironment from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Tuesday, April 30th. Canaccord Genuity raised AeroVironment from a “hold” rating to a “buy” rating and increased their target price for the stock from $84.00 to $86.00 in a research report on Tuesday, May 14th. BidaskClub lowered AeroVironment from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 5th. ValuEngine raised AeroVironment from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. Finally, TheStreet lowered AeroVironment from an “a-” rating to a “c+” rating in a research report on Monday, March 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $76.10.

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AeroVironment Profile

AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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