AeroVironment (NASDAQ:AVAV) Raised to Strong-Buy at Raymond James

Raymond James upgraded shares of AeroVironment (NASDAQ:AVAV) from a market perform rating to a strong-buy rating in a research note published on Tuesday morning, MarketBeat Ratings reports. The firm currently has $200.00 target price on the aerospace company’s stock.

Several other research firms also recently issued reports on AVAV. William Blair restated an “outperform” rating on shares of AeroVironment in a report on Wednesday, March 5th. Robert W. Baird dropped their target price on shares of AeroVironment from $220.00 to $146.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group decreased their price target on shares of AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $202.00.

AeroVironment Trading Up 6.7 %

Shares of NASDAQ:AVAV opened at $121.03 on Tuesday. The business’s 50-day moving average is $143.27 and its 200 day moving average is $173.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. AeroVironment has a 1 year low of $102.25 and a 1 year high of $236.60. The firm has a market capitalization of $3.42 billion, a P/E ratio of 69.56 and a beta of 0.74.

Insider Buying and Selling

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $128.20, for a total value of $3,764,721.20. Following the sale, the chief executive officer now directly owns 115,174 shares of the company’s stock, valued at approximately $14,765,306.80. This represents a 20.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.27% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AeroVironment

Institutional investors and hedge funds have recently modified their holdings of the stock. CoreCap Advisors LLC grew its holdings in 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 acquiring an additional 101 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in AeroVironment by 171.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 154 shares during the period. Modus Advisors LLC purchased a new stake in AeroVironment in the 4th quarter worth approximately $31,000. Golden State Wealth Management LLC acquired a new stake in shares of AeroVironment during the 4th quarter worth approximately $31,000. Finally, Colonial Trust Advisors purchased a new position in shares of AeroVironment during the 4th quarter valued at approximately $31,000. 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.