AeroVironment, Inc. (NASDAQ:AVAV - Get Free Report) traded up 7.1% on Monday . The stock traded as high as $168.00 and last traded at $167.58. 321,249 shares were traded during mid-day trading, a decline of 11% from the average session volume of 362,286 shares. The stock had previously closed at $156.50.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the company. BTIG Research reaffirmed a "buy" rating and issued a $245.00 price objective on shares of AeroVironment in a research note on Tuesday, September 17th. Alembic Global Advisors upgraded AeroVironment from a "neutral" rating to an "overweight" rating and set a $216.00 target price on the stock in a report on Wednesday, August 28th. William Blair reiterated an "outperform" rating on shares of AeroVironment in a report on Thursday, December 5th. Baird R W upgraded AeroVironment from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 28th. Finally, Robert W. Baird upgraded AeroVironment from a "neutral" rating to an "outperform" rating and increased their target price for the company from $161.00 to $220.00 in a report on Wednesday, August 28th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AeroVironment currently has an average rating of "Buy" and an average target price of $225.20.
View Our Latest Stock Report on AeroVironment
AeroVironment Stock Performance
The stock has a 50-day simple moving average of $201.84 and a 200-day simple moving average of $192.17. 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 stock has a market cap of $4.76 billion, a PE ratio of 97.01 and a beta of 0.45.
AeroVironment (NASDAQ:AVAV - Get Free Report) last issued its quarterly earnings data on Wednesday, December 4th. The aerospace company reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.29). The company had revenue of $188.46 million for the quarter, compared to analyst estimates of $181.80 million. AeroVironment had a return on equity of 8.12% and a net margin of 6.39%. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 EPS. Equities analysts predict that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CFO Kevin Patrick Mcdonnell sold 396 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 1,782 shares of company stock worth $373,609. 1.27% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On AeroVironment
Institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. grew its holdings in AeroVironment by 299.4% in the 3rd quarter. Franklin Resources Inc. now owns 4,821 shares of the aerospace company's stock worth $1,037,000 after buying an additional 3,614 shares in the last quarter. Tidal Investments LLC grew its holdings in AeroVironment by 39.6% in the 3rd quarter. Tidal Investments LLC now owns 7,451 shares of the aerospace company's stock worth $1,494,000 after buying an additional 2,115 shares in the last quarter. Geode Capital Management LLC grew its holdings in AeroVironment by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 634,189 shares of the aerospace company's stock worth $127,180,000 after buying an additional 4,948 shares in the last quarter. Barclays PLC grew its holdings in AeroVironment by 149.7% in the 3rd quarter. Barclays PLC now owns 57,245 shares of the aerospace company's stock worth $11,477,000 after buying an additional 34,318 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in AeroVironment by 85.0% in the 3rd quarter. MML Investors Services LLC now owns 4,395 shares of the aerospace company's stock worth $881,000 after buying an additional 2,019 shares in the last quarter. 86.38% of the stock is owned by institutional investors.
About AeroVironment
(
Get Free Report)
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.
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