AeroVironment, Inc. (NASDAQ:AVAV) Receives Consensus Rating of "Buy" from Analysts

Shares of AeroVironment, Inc. (NASDAQ:AVAV - Get Free Report) have received an average rating of "Buy" from the eight analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $202.40.

A number of research analysts have weighed in on the company. William Blair restated an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. Jefferies Financial Group decreased their target price on shares of AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Finally, Robert W. Baird lowered their target price on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 115,174 shares in the company, valued at $14,765,306.80. This trade represents a 20.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.27% of the company's stock.

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Hedge Funds Weigh In On AeroVironment

Large investors have recently made changes to their positions in the company. Cerity Partners LLC increased its position in AeroVironment by 28.5% during the 3rd quarter. Cerity Partners LLC now owns 2,225 shares of the aerospace company's stock worth $446,000 after buying an additional 494 shares during the period. Glenmede Trust Co. NA bought a new position in AeroVironment during the third quarter worth about $229,000. Benjamin Edwards Inc. acquired a new stake in AeroVironment in the 3rd quarter worth about $658,000. Centiva Capital LP bought a new stake in AeroVironment in the 3rd quarter valued at about $582,000. Finally, HighTower Advisors LLC boosted its holdings in AeroVironment by 24.6% in the 3rd quarter. HighTower Advisors LLC now owns 8,240 shares of the aerospace company's stock valued at $1,655,000 after purchasing an additional 1,629 shares during the period. Institutional investors own 86.38% of the company's stock.

AeroVironment Stock Up 1.5 %

Shares of NASDAQ AVAV traded up $1.73 during mid-day trading on Thursday, hitting $113.38. The company had a trading volume of 634,680 shares, compared to its average volume of 400,973. 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 has a 50-day simple moving average of $145.36 and a two-hundred day simple moving average of $173.96. The company has a market capitalization of $3.20 billion, a PE ratio of 65.16 and a beta of 0.74. AeroVironment has a one year low of $100.81 and a one year high of $236.60.

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.