AeroVironment, Inc. (NASDAQ:AVAV - Get Free Report) shares traded down 3.3% during mid-day trading on Monday . The stock traded as low as $140.91 and last traded at $141.46. 239,029 shares were traded during mid-day trading, a decline of 42% from the average session volume of 410,020 shares. The stock had previously closed at $146.33.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the stock. William Blair reaffirmed an "outperform" rating on shares of AeroVironment in a report on Wednesday, March 5th. Robert W. Baird dropped their target price on 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 AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 price target for the company in a report on Tuesday, April 8th. Finally, Jefferies Financial Group cut their target price on AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, AeroVironment has a consensus rating of "Buy" and a consensus price target of $202.00.
Read Our Latest Analysis on AVAV
AeroVironment Stock Up 2.6 %
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 50-day moving average price is $136.63 and its 200 day moving average price is $169.93. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 84.83 and a beta of 0.74.
Insiders Place Their Bets
In other news, CEO Wahid Nawabi sold 29,366 shares of AeroVironment 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 transaction, the chief executive officer now directly owns 115,174 shares of the company's stock, valued at $14,765,306.80. The trade was a 20.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.27% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On AeroVironment
A number of large investors have recently added to or reduced their stakes in AVAV. CoreCap Advisors LLC lifted its position in shares of AeroVironment by 120.2% during the fourth quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock worth $28,000 after purchasing an additional 101 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in AeroVironment by 171.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company's stock worth $29,000 after buying an additional 154 shares during the last quarter. Modus Advisors LLC acquired a new position in shares of AeroVironment in the 4th quarter worth approximately $31,000. Golden State Wealth Management LLC bought a new stake in shares of AeroVironment in the 4th quarter valued at approximately $31,000. Finally, Colonial Trust Advisors acquired a new stake in shares of AeroVironment during the 4th quarter valued at approximately $31,000. 86.38% of the stock is owned by institutional investors and hedge funds.
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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