AeroVironment (NASDAQ:AVAV) Now Covered by Analysts at BTIG Research

BTIG Research started coverage on shares of AeroVironment (NASDAQ:AVAV) in a research note released on Wednesday, Marketbeat Ratings reports. The firm issued a buy rating and a $255.00 price target on the aerospace company’s stock.

AVAV has been the subject of several other reports. William Blair reaffirmed an outperform rating on shares of AeroVironment in a research note on Tuesday, March 5th. Robert W. Baird reaffirmed a neutral rating and set a $161.00 price objective on shares of AeroVironment in a research note on Friday, March 8th. Finally, Royal Bank of Canada lifted their price objective on shares of AeroVironment from $160.00 to $165.00 and gave the stock an outperform rating in a research note on Friday, April 5th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $175.20.

AeroVironment Trading Up 2.4 %

Shares of AVAV opened at $182.16 on Wednesday. The company’s fifty day moving average is $190.43 and its 200 day moving average is $154.18. AeroVironment has a fifty-two week low of $91.00 and a fifty-two week high of $224.00. The stock has a market capitalization of $5.13 billion, a PE ratio of 82.05 and a beta of 0.46. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.16 and a current ratio of 4.66.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Wednesday, June 26th. The aerospace company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.22. AeroVironment had a net margin of 8.32% and a return on equity of 11.24%. The company had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $188.48 million. During the same quarter in the previous year, the business posted $0.99 earnings per share. AeroVironment’s quarterly revenue was up 5.9% on a year-over-year basis. Sell-side analysts expect that AeroVironment will post 3.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AeroVironment

A number of large investors have recently added to or reduced their stakes in AVAV. Bfsg LLC bought a new position in AeroVironment in the fourth quarter worth about $25,000. NBC Securities Inc. acquired a new position in shares of AeroVironment during the first quarter valued at about $26,000. GAMMA Investing LLC acquired a new position in shares of AeroVironment during the fourth quarter valued at about $32,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of AeroVironment during the first quarter valued at about $38,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of AeroVironment during the fourth quarter valued at about $39,000. 86.38% of the stock is currently owned by institutional investors.

About AeroVironment

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.