AeroVironment, Inc. (NASDAQ:AVAV) Receives $202.00 Average PT from Analysts

AeroVironment, Inc. (NASDAQ:AVAV) has been assigned a consensus rating of “Buy” from the eight research firms that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $202.00.

A number of brokerages recently issued reports on AVAV. Robert W. Baird decreased their target price on AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a research report 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 target for the company in a research note on Tuesday, April 8th. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research note on Wednesday, March 5th. Finally, Jefferies Financial Group dropped their price target on AeroVironment from $230.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th.

AeroVironment Trading Up 2.3 %

NASDAQ AVAV opened at $158.79 on Monday. AeroVironment has a 12 month low of $102.25 and a 12 month high of $236.60. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 91.26 and a beta of 0.74. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. The firm’s fifty day moving average price is $135.29 and its 200 day moving average price is $165.94.

Insider Activity at AeroVironment

In other news, CEO Wahid Nawabi sold 29,366 shares of the firm’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 sale, the chief executive officer now directly owns 115,174 shares of the company’s stock, valued at $14,765,306.80. This trade represents a 20.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.27% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Kornitzer Capital Management Inc. KS grew its stake in shares of AeroVironment by 57.5% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 33,855 shares of the aerospace company’s stock worth $4,035,000 after purchasing an additional 12,360 shares during the period. SBI Securities Co. Ltd. grew its holdings in shares of AeroVironment by 32.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 875 shares of the aerospace company’s stock worth $104,000 after acquiring an additional 216 shares during the period. Signaturefd LLC increased its stake in AeroVironment by 56.1% in the 1st quarter. Signaturefd LLC now owns 398 shares of the aerospace company’s stock valued at $47,000 after purchasing an additional 143 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of AeroVironment during the 1st quarter worth $3,627,000. Finally, Stephens Investment Management Group LLC boosted its position in shares of AeroVironment by 41.0% in the 1st quarter. Stephens Investment Management Group LLC now owns 763,489 shares of the aerospace company’s stock worth $91,000,000 after buying an additional 221,948 shares in the last quarter. 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.