AeroVironment (NASDAQ:AVAV) Given New $210.00 Price Target at Robert W. Baird

AeroVironment (NASDAQ:AVAV - Get Free Report) had its target price upped by Robert W. Baird from $146.00 to $210.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the aerospace company's stock. Robert W. Baird's price objective points to a potential upside of 10.01% from the stock's current price.

Several other equities analysts have also commented on AVAV. Royal Bank of Canada reissued an "outperform" rating and set a $190.00 price target on shares of AeroVironment in a research report on Monday, May 12th. Wall Street Zen lowered shares of AeroVironment from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Raymond James upgraded shares of AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 target price for the company in a research note on Tuesday, April 8th. William Blair reaffirmed an "outperform" rating on shares of AeroVironment in a 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 on the stock in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, AeroVironment has an average rating of "Buy" and an average target price of $208.50.

AeroVironment Stock Up 2.3%

Shares of NASDAQ:AVAV traded up $4.30 during midday trading on Friday, hitting $190.89. 1,129,062 shares of the company's stock traded hands, compared to its average volume of 433,236. The firm's fifty day moving average price is $155.54 and its two-hundred day moving average price is $158.18. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. AeroVironment has a twelve month low of $102.25 and a twelve month high of $236.60. The company has a market cap of $5.39 billion, a PE ratio of 109.71 and a beta of 0.81.

Insider Activity

In related news, CEO Wahid Nawabi sold 29,366 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $128.20, for a total value of $3,764,721.20. Following the sale, the chief executive officer now directly 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 legal filing with the SEC, which is accessible through this link. Company insiders own 1.27% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Militia Capital Partners LP bought a new position in shares of AeroVironment during the first quarter worth about $272,000. Rhumbline Advisers raised its stake in AeroVironment by 0.3% during the first quarter. Rhumbline Advisers now owns 62,969 shares of the aerospace company's stock valued at $7,505,000 after buying an additional 205 shares in the last quarter. Strs Ohio acquired a new stake in AeroVironment during the first quarter valued at approximately $191,000. Belpointe Asset Management LLC bought a new position in AeroVironment during the 1st quarter worth approximately $508,000. Finally, Fortis Capital Advisors LLC acquired a new position in shares of AeroVironment in the 1st quarter worth approximately $508,000. 86.38% of the stock is owned by institutional investors and hedge funds.

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.