AeroVironment (NASDAQ:AVAV) Stock Price Down 3.7% - Should You Sell?

AeroVironment, Inc. (NASDAQ:AVAV - Get Free Report) shares dropped 3.7% during mid-day trading on Monday . The stock traded as low as $187.66 and last traded at $187.79. Approximately 417,565 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 472,280 shares. The stock had previously closed at $195.10.

Analyst Upgrades and Downgrades

AVAV has been the subject of several recent analyst reports. Robert W. Baird boosted their price objective on shares of AeroVironment from $146.00 to $210.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Royal Bank of Canada restated an "outperform" rating and set a $190.00 target price on shares of AeroVironment in a research note on Monday, May 12th. 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. Wall Street Zen cut shares of AeroVironment from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Jefferies Financial Group lowered their price target on AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, AeroVironment has a consensus rating of "Buy" and a consensus price target of $208.50.

AeroVironment Stock Performance

The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02. The firm's fifty day moving average price is $162.93 and its two-hundred day moving average price is $157.60. The stock has a market capitalization of $5.27 billion, a PE ratio of 107.28 and a beta of 0.81.

Insider Transactions at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of the 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.27% of the company's stock.

Institutional Investors Weigh In On AeroVironment

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CoreCap Advisors LLC grew its stake in AeroVironment by 120.2% during the 4th quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock valued at $28,000 after acquiring an additional 101 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in AeroVironment by 171.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company's stock worth $29,000 after buying an additional 154 shares during the last quarter. Colonial Trust Advisors acquired a new position in AeroVironment during the fourth quarter worth $31,000. Accredited Wealth Management LLC purchased a new stake in AeroVironment in the 4th quarter valued at $31,000. Finally, Spirit of America Management Corp NY purchased a new position in shares of AeroVironment during the 1st quarter worth $36,000. Institutional investors and hedge funds 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.

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