AeroVironment (NASDAQ:AVAV) Stock Price Up 3.4% - What's Next?

AeroVironment, Inc. (NASDAQ:AVAV - Get Free Report) shot up 3.4% on Tuesday . The stock traded as high as $122.49 and last traded at $117.28. 244,545 shares changed hands during trading, a decline of 39% from the average session volume of 401,018 shares. The stock had previously closed at $113.38.

Analysts Set New Price Targets

Several analysts recently commented on AVAV shares. Jefferies Financial Group cut their price objective on AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. William Blair restated an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. Raymond James upgraded shares of AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 price objective on the stock in a research note on Tuesday, April 8th. Finally, Robert W. Baird cut 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. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $202.00.

AeroVironment Trading Up 5.3 %

The stock has a 50 day moving average of $140.26 and a 200-day moving average of $171.69. The company has a market capitalization of $4.13 billion, a P/E ratio of 84.10 and a beta of 0.74. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02.

Insiders Place Their Bets

In related news, CEO Wahid Nawabi sold 29,366 shares of AeroVironment stock in a transaction on Monday, March 24th. The shares were sold at an average price of $128.20, for a total transaction of $3,764,721.20. Following the transaction, the chief executive officer now owns 115,174 shares in the company, valued at approximately $14,765,306.80. The trade was a 20.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.27% of the company's stock.

Institutional Investors Weigh In On AeroVironment

Institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC grew its position in shares of AeroVironment by 120.2% during the fourth quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock worth $28,000 after purchasing an additional 101 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in AeroVironment by 171.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company's stock worth $29,000 after purchasing an additional 154 shares during the period. Modus Advisors LLC purchased a new stake in AeroVironment during the 4th quarter valued at approximately $31,000. Golden State Wealth Management LLC purchased a new stake in AeroVironment during the 4th quarter valued at approximately $31,000. Finally, Colonial Trust Advisors bought a new stake in shares of AeroVironment during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 86.38% of the company's stock.

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.