AeroVironment, Inc. (NASDAQ:AVAV) Receives $202.00 Consensus PT from Brokerages

AeroVironment, Inc. (NASDAQ:AVAV - Get Free Report) has been assigned an average recommendation of "Buy" from the eight research firms that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $202.00.

A number of research analysts recently commented on the company. Raymond James raised AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 price target on the stock in a report on Tuesday, April 8th. William Blair reissued an "outperform" rating on shares of AeroVironment in a report on Wednesday, March 5th. Robert W. Baird dropped 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 decreased their price target on shares of AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th.

Insider Activity at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of the company's stock in a transaction that occurred 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 directly owns 115,174 shares in the company, valued at $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 SEC, which is available at this link. 1.27% of the stock is owned by insiders.

Hedge Funds Weigh In On AeroVironment

Several large investors have recently modified their holdings of the stock. Redwood Investments LLC increased its position in AeroVironment by 0.7% during the fourth quarter. Redwood Investments LLC now owns 9,273 shares of the aerospace company's stock valued at $1,427,000 after acquiring an additional 66 shares during the last quarter. Arizona State Retirement System grew its holdings in AeroVironment by 0.8% during the 4th quarter. Arizona State Retirement System now owns 8,170 shares of the aerospace company's stock valued at $1,257,000 after purchasing an additional 68 shares during the last quarter. Portside Wealth Group LLC grew its holdings in AeroVironment by 4.3% during the 1st quarter. Portside Wealth Group LLC now owns 1,741 shares of the aerospace company's stock valued at $208,000 after purchasing an additional 71 shares during the last quarter. Mackenzie Financial Corp raised its position in AeroVironment by 5.5% in the 4th quarter. Mackenzie Financial Corp now owns 1,601 shares of the aerospace company's stock worth $246,000 after purchasing an additional 83 shares during the period. Finally, New York State Teachers Retirement System lifted its stake in AeroVironment by 0.6% in the fourth 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. Institutional investors own 86.38% of the company's stock.

AeroVironment Price Performance

Shares of AeroVironment stock traded up $2.71 during trading hours on Monday, hitting $157.92. The company's stock had a trading volume of 55,405 shares, compared to its average volume of 410,917. The company has a market cap of $4.46 billion, a PE ratio of 90.77 and a beta of 0.74. 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 business has a 50 day moving average price of $135.15 and a two-hundred day moving average price of $166.32. AeroVironment has a 12-month low of $102.25 and a 12-month high of $236.60.

AeroVironment Company 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.