AeroVironment (NASDAQ:AVAV) Stock Price Down 3.4% - Time to Sell?

AeroVironment, Inc. (NASDAQ:AVAV - Get Free Report) traded down 3.4% during mid-day trading on Monday . The company traded as low as $125.04 and last traded at $125.04. 137,433 shares changed hands during trading, a decline of 65% from the average session volume of 389,578 shares. The stock had previously closed at $129.45.

Analyst Upgrades and Downgrades

AVAV has been the topic of a number of analyst reports. Robert W. Baird lowered their price objective on AeroVironment from $220.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. Jefferies Financial Group lowered their price objective on AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Finally, William Blair reaffirmed an "outperform" rating on shares of AeroVironment in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, AeroVironment has a consensus rating of "Buy" and an average target price of $202.40.

AeroVironment Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 70.83 and a beta of 0.42. The business's fifty day simple moving average is $157.16 and its 200 day simple moving average is $179.27.

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Institutional Investors Weigh In On AeroVironment

A number of institutional investors have recently modified their holdings of the stock. Quest Partners LLC acquired a new stake in AeroVironment during the third quarter worth about $262,000. Avior Wealth Management LLC grew its position in AeroVironment by 51.0% in the 3rd quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company's stock worth $79,000 after purchasing an additional 133 shares during the last quarter. Advisors Asset Management Inc. grew its position in AeroVironment by 1.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 23,247 shares of the aerospace company's stock worth $4,661,000 after purchasing an additional 423 shares during the last quarter. Moran Wealth Management LLC grew its position in AeroVironment by 25.6% in the 3rd quarter. Moran Wealth Management LLC now owns 3,651 shares of the aerospace company's stock worth $732,000 after purchasing an additional 744 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in AeroVironment by 129.2% in the 3rd quarter. Intech Investment Management LLC now owns 14,829 shares of the aerospace company's stock worth $2,973,000 after purchasing an additional 8,358 shares during the last quarter. 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.