AeroVironment (NASDAQ:AVAV) Shares Down 3.3% - What's Next?

AeroVironment, Inc. (NASDAQ:AVAV - Get Free Report) shares fell 3.3% during trading on Monday . The stock traded as low as $140.91 and last traded at $141.46. 239,029 shares changed hands during trading, a decline of 42% from the average session volume of 410,020 shares. The stock had previously closed at $146.33.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AVAV. Raymond James upgraded AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 price target for the company in a research note on Tuesday, April 8th. William Blair reissued an "outperform" rating on shares of AeroVironment in a report on Wednesday, March 5th. Robert W. Baird decreased their price target on AeroVironment from $220.00 to $146.00 and set an "outperform" rating on the stock in a research 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. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $202.00.

AeroVironment Stock Up 2.6 %

The firm's fifty day moving average is $136.63 and its 200-day moving average is $169.93. The company has a market capitalization of $4.17 billion, a P/E ratio of 84.83 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.

Insider Transactions at AeroVironment

In other 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 value of $3,764,721.20. Following the completion of the transaction, the chief executive officer now owns 115,174 shares of the company's stock, valued at $14,765,306.80. This represents a 20.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.27% of the company's stock.

Hedge Funds Weigh In On AeroVironment

Large investors have recently modified their holdings of the business. Stifel Financial Corp raised its position in AeroVironment by 93.8% during the 3rd quarter. Stifel Financial Corp now owns 11,030 shares of the aerospace company's stock worth $2,212,000 after purchasing an additional 5,339 shares during the last quarter. MML Investors Services LLC raised its position in shares of AeroVironment by 85.0% during the third quarter. MML Investors Services LLC now owns 4,395 shares of the aerospace company's stock worth $881,000 after acquiring an additional 2,019 shares during the last quarter. Barclays PLC lifted its stake in shares of AeroVironment by 149.7% in the third quarter. Barclays PLC now owns 57,245 shares of the aerospace company's stock worth $11,477,000 after acquiring an additional 34,318 shares during the period. Tidal Investments LLC lifted its stake in shares of AeroVironment by 39.6% in the third quarter. Tidal Investments LLC now owns 7,451 shares of the aerospace company's stock worth $1,494,000 after acquiring an additional 2,115 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in AeroVironment by 299.4% in the third quarter. Franklin Resources Inc. now owns 4,821 shares of the aerospace company's stock valued at $1,037,000 after acquiring an additional 3,614 shares during the last quarter. Institutional investors own 86.38% of the company's stock.

About AeroVironment

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.