Brokerages Set AeroVironment, Inc. (NASDAQ:AVAV) PT at $225.20

Shares of AeroVironment, Inc. (NASDAQ:AVAV) have been given an average rating of “Buy” by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $225.20.

Several equities analysts have weighed in on the company. Royal Bank of Canada reduced their price objective on AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Raymond James lowered AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday, September 16th. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research report on Thursday, December 5th. BTIG Research restated a “buy” rating and set a $245.00 price target on shares of AeroVironment in a research note on Tuesday, September 17th. Finally, Jefferies Financial Group upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and reduced their price objective for the company from $240.00 to $230.00 in a research note on Wednesday, November 20th.

AeroVironment Trading Down 2.4 %

Shares of AeroVironment stock opened at $157.66 on Tuesday. The firm has a market cap of $4.45 billion, a PE ratio of 90.61 and a beta of 0.45. AeroVironment has a 1 year low of $116.51 and a 1 year high of $236.60. 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 fifty day moving average price of $192.36 and a 200-day moving average price of $189.51.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Wednesday, December 4th. The aerospace company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.29). AeroVironment had a return on equity of 8.12% and a net margin of 6.39%. The company had revenue of $188.46 million during the quarter, compared to the consensus estimate of $181.80 million. During the same period in the prior year, the firm posted $0.97 EPS. The business’s revenue was up 4.2% on a year-over-year basis. Equities research analysts anticipate that AeroVironment will post 3.38 EPS for the current year.

Insider Activity

In other 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 transaction of $78,697.08. Following the completion of the transaction, the chief financial officer now owns 16,472 shares of the company’s stock, valued at approximately $3,273,480.56. The trade was a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 1,782 shares of company stock worth $373,609 in the last three months. Corporate insiders own 1.27% of the company’s stock.

Institutional Investors Weigh In On AeroVironment

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Security National Bank bought a new position in shares of AeroVironment in the 3rd quarter worth $31,000. Canada Pension Plan Investment Board purchased a new stake in AeroVironment during the second quarter valued at about $36,000. Truvestments Capital LLC purchased a new stake in AeroVironment during the third quarter valued at about $62,000. Avior Wealth Management LLC lifted its stake in AeroVironment by 51.0% during the third 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. Finally, Arcadia Investment Management Corp MI boosted its holdings in shares of AeroVironment by 23.1% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock worth $80,000 after purchasing an additional 75 shares in the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.

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.