AeroVironment, Inc. (NASDAQ:AVAV) Receives $225.20 Average Price Target from Analysts

Shares of AeroVironment, Inc. (NASDAQ:AVAV) have been assigned a consensus rating of “Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $225.20.

Several equities analysts recently commented on AVAV shares. Royal Bank of Canada reduced their target price on AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a research 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 reaffirmed an “outperform” rating on shares of AeroVironment in a research note on Thursday, December 5th. BTIG Research reiterated a “buy” rating and set a $245.00 target price on shares of AeroVironment in a research report on Tuesday, September 17th. Finally, Jefferies Financial Group raised shares of AeroVironment from a “hold” rating to a “buy” rating and decreased their price target for the stock from $240.00 to $230.00 in a report on Wednesday, November 20th.

AeroVironment Trading Up 0.9 %

Shares of AeroVironment stock opened at $161.50 on Tuesday. The company’s 50-day moving average price is $193.55 and its 200-day moving average price is $189.99. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 92.82 and a beta of 0.45. AeroVironment has a 12-month low of $116.51 and a 12-month high of $236.60. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02.

AeroVironment (NASDAQ:AVAV) last posted its earnings results on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.29). The firm had revenue of $188.46 million during the quarter, compared to analysts’ expectations of $181.80 million. AeroVironment had a return on equity of 8.12% and a net margin of 6.39%. The business’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 company earned $0.97 earnings per share. On average, equities analysts expect that AeroVironment will post 3.38 earnings per share for the current fiscal year.

Insider Buying and Selling at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 878 shares of AeroVironment stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $210.54, for a total value of $184,854.12. Following the transaction, the chief financial officer now owns 17,376 shares in the company, valued at approximately $3,658,343.04. The trade was a 4.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 1,782 shares of company stock worth $373,609 over the last ninety days. Insiders own 1.27% of the company’s stock.

Hedge Funds Weigh In On AeroVironment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. boosted its position in AeroVironment by 29.1% during the 3rd quarter. Baillie Gifford & Co. now owns 1,951,393 shares of the aerospace company’s stock valued at $391,254,000 after buying an additional 439,717 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of AeroVironment by 19,950.0% during the third quarter. International Assets Investment Management LLC now owns 267,066 shares of the aerospace company’s stock worth $53,547,000 after purchasing an additional 265,734 shares during the period. Wellington Management Group LLP grew its stake in shares of AeroVironment by 155.1% in the third quarter. Wellington Management Group LLP now owns 321,479 shares of the aerospace company’s stock worth $64,457,000 after purchasing an additional 195,443 shares during the last quarter. Heard Capital LLC grew its stake in shares of AeroVironment by 25.5% in the third quarter. Heard Capital LLC now owns 592,136 shares of the aerospace company’s stock worth $118,723,000 after purchasing an additional 120,447 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in AeroVironment by 108.4% during the 3rd quarter. Victory Capital Management Inc. now owns 180,824 shares of the aerospace company’s stock valued at $36,255,000 after purchasing an additional 94,062 shares during the period. 86.38% of the stock is currently owned by 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.