AeroVironment (NASDAQ:AVAV) Reaches New 52-Week Low - Time to Sell?

AeroVironment, Inc. (NASDAQ:AVAV - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The stock traded as low as $102.25 and last traded at $113.38, with a volume of 634680 shares. The stock had previously closed at $111.65.

Wall Street Analyst Weigh In

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

AeroVironment Stock Up 5.3 %

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 company's 50-day simple moving average is $140.26 and its 200 day simple moving average is $171.69. The firm has a market cap of $4.13 billion, a P/E ratio of 84.10 and a beta of 0.74.

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Insider Activity at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of the firm's stock in a transaction dated 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 owns 115,174 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 1.27% of the stock is owned by company insiders.

Institutional Investors Weigh In On AeroVironment

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of AeroVironment by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 3,098,822 shares of the aerospace company's stock valued at $476,878,000 after acquiring an additional 35,543 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in AeroVironment by 9.4% in the fourth quarter. Baillie Gifford & Co. now owns 2,135,280 shares of the aerospace company's stock valued at $328,598,000 after purchasing an additional 183,887 shares in the last quarter. Geode Capital Management LLC grew its position in shares of AeroVironment by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 654,024 shares of the aerospace company's stock valued at $100,670,000 after buying an additional 19,835 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of AeroVironment during the fourth quarter worth about $93,759,000. Finally, Stephens Investment Management Group LLC increased its position in AeroVironment by 40.0% during the fourth quarter. Stephens Investment Management Group LLC now owns 541,541 shares of the aerospace company's stock worth $83,338,000 after buying an additional 154,703 shares during the period. Institutional investors and hedge funds 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.