AeroVironment, Inc. (NASDAQ:AVAV) Receives $225.20 Consensus Target Price from Analysts

Shares of AeroVironment, Inc. (NASDAQ:AVAV - Get Free Report) have earned an average rating of "Buy" from the eight analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $225.20.

AVAV has been the subject of a number of recent analyst reports. Jefferies Financial Group raised shares of AeroVironment from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $240.00 to $230.00 in a research note on Wednesday, November 20th. William Blair reaffirmed an "outperform" rating on shares of AeroVironment in a research report on Thursday, December 5th.

Insider Activity

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 396 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $198.73, for a total value of $78,697.08. Following the completion of the sale, the chief financial officer now directly owns 16,472 shares of the company's stock, valued at $3,273,480.56. The trade was a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.27% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AeroVironment

A number of large investors have recently bought and sold shares of the business. Radnor Capital Management LLC grew its position in shares of AeroVironment by 1.0% in the third quarter. Radnor Capital Management LLC now owns 5,965 shares of the aerospace company's stock valued at $1,196,000 after purchasing an additional 60 shares during the last quarter. Arizona State Retirement System increased its position in AeroVironment by 0.8% in the 4th quarter. Arizona State Retirement System now owns 8,170 shares of the aerospace company's stock worth $1,257,000 after buying an additional 68 shares during the period. Arcadia Investment Management Corp MI lifted its holdings in shares of AeroVironment by 23.1% during the third quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company's stock worth $80,000 after buying an additional 75 shares during the last quarter. First Trust Direct Indexing L.P. grew its stake in shares of AeroVironment by 7.2% in the third quarter. First Trust Direct Indexing L.P. now owns 1,434 shares of the aerospace company's stock worth $288,000 after acquiring an additional 96 shares during the last quarter. Finally, New York State Teachers Retirement System increased its position in AeroVironment by 0.6% during the fourth quarter. New York State Teachers Retirement System now owns 17,618 shares of the aerospace company's stock worth $2,711,000 after acquiring an additional 100 shares during the period. 86.38% of the stock is currently owned by institutional investors.

AeroVironment Price Performance

Shares of NASDAQ AVAV traded down $4.35 during mid-day trading on Wednesday, reaching $156.99. The company had a trading volume of 484,258 shares, compared to its average volume of 340,080. The company has a 50-day moving average price of $166.63 and a two-hundred day moving average price of $186.33. The stock has a market cap of $4.43 billion, a PE ratio of 90.22 and a beta of 0.52. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02. AeroVironment has a 1-year low of $121.38 and a 1-year high of $236.60.

AeroVironment (NASDAQ:AVAV - Get Free Report) last released its quarterly earnings results on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.29). The company had revenue of $188.46 million during the quarter, compared to analyst estimates of $181.80 million. AeroVironment had a net margin of 6.39% and a return on equity of 8.12%. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.97 EPS. On average, equities analysts anticipate that AeroVironment will post 3.38 earnings per share for the current year.

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.