AeroVironment, Inc. (NASDAQ:AVAV - Get Free Report) shares saw an uptick in trading volume on Friday . 1,088,746 shares were traded during mid-day trading, an increase of 122% from the previous session's volume of 490,895 shares.The stock last traded at $274.56 and had previously closed at $272.37.
Wall Street Analyst Weigh In
A number of research firms have weighed in on AVAV. William Blair reissued an "outperform" rating on shares of AeroVironment in a research report on Wednesday, March 5th. Robert W. Baird raised their target price on AeroVironment from $146.00 to $210.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Raymond James Financial set a $225.00 price target on AeroVironment and gave the company a "strong-buy" rating in a research note on Wednesday. Wedbush raised shares of AeroVironment to an "outperform" rating in a research report on Wednesday. Finally, BTIG Research boosted their target price on shares of AeroVironment from $225.00 to $300.00 and gave the company a "buy" rating in a research report on Tuesday. One analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, AeroVironment has a consensus rating of "Buy" and a consensus target price of $224.43.
Check Out Our Latest Analysis on AeroVironment
AeroVironment Trading Up 0.8%
The firm has a market capitalization of $7.75 billion, a P/E ratio of 176.34 and a beta of 0.81. The firm has a 50 day simple moving average of $174.55 and a two-hundred day simple moving average of $159.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.07 and a current ratio of 3.52.
AeroVironment (NASDAQ:AVAV - Get Free Report) last announced its quarterly earnings data on Tuesday, June 24th. The aerospace company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.41 by $0.20. The business had revenue of $275.05 million for the quarter, compared to analyst estimates of $242.69 million. AeroVironment had a net margin of 5.32% and a return on equity of 10.68%. The company's revenue for the quarter was up 39.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Equities research analysts forecast that AeroVironment, Inc. will post 3.38 earnings per share for the current year.
Institutional Trading of AeroVironment
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC grew its stake in AeroVironment by 23.4% in the 1st quarter. Voya Investment Management LLC now owns 173,519 shares of the aerospace company's stock worth $20,682,000 after buying an additional 32,921 shares in the last quarter. Rhumbline Advisers lifted its position in AeroVironment by 0.3% in the 1st quarter. Rhumbline Advisers now owns 62,969 shares of the aerospace company's stock worth $7,505,000 after buying an additional 205 shares during the last quarter. Strs Ohio purchased a new stake in AeroVironment in the first quarter worth approximately $191,000. Belpointe Asset Management LLC bought a new position in AeroVironment during the first quarter valued at approximately $508,000. Finally, Fortis Capital Advisors LLC purchased a new position in shares of AeroVironment during the first quarter worth approximately $508,000. Institutional investors own 86.38% of the company's stock.
AeroVironment Company Profile
(
Get Free Report)
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.
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