AeroVironment (NASDAQ:AVAV) Price Target Raised to $210.00

AeroVironment (NASDAQ:AVAV) had its price objective increased by Robert W. Baird from $146.00 to $210.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an outperform rating on the aerospace company’s stock.

Several other analysts have also issued reports on AVAV. Raymond James raised AeroVironment from a “market perform” rating to a “strong-buy” rating and set a $200.00 target price for the company in a research note on Tuesday, April 8th. Wall Street Zen lowered AeroVironment from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $190.00 price objective on shares of AeroVironment in a research note on Monday, May 12th. William Blair restated an “outperform” rating on shares of AeroVironment in a report on Wednesday, March 5th. Finally, Jefferies Financial Group cut their target price on shares of AeroVironment from $230.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, AeroVironment currently has a consensus rating of “Buy” and a consensus price target of $208.50.

AeroVironment Stock Up 2.3%

Shares of AVAV opened at $190.89 on Friday. The firm has a market cap of $5.39 billion, a P/E ratio of 109.71 and a beta of 0.81. The stock has a 50 day simple moving average of $155.54 and a two-hundred day simple moving average of $157.65. 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.

Insider Transactions at AeroVironment

In other news, CEO Wahid Nawabi sold 29,366 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 115,174 shares in the company, valued at approximately $14,765,306.80. This trade represents a 20.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.27% of the company’s stock.

Institutional Trading of AeroVironment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AVAV. Redwood Investments LLC lifted its position in AeroVironment by 0.7% during the fourth quarter. Redwood Investments LLC now owns 9,273 shares of the aerospace company’s stock valued at $1,427,000 after buying an additional 66 shares during the period. Arizona State Retirement System lifted its position in AeroVironment by 0.8% during the fourth quarter. Arizona State Retirement System now owns 8,170 shares of the aerospace company’s stock valued at $1,257,000 after buying an additional 68 shares during the period. Portside Wealth Group LLC lifted its position in AeroVironment by 4.3% during the first quarter. Portside Wealth Group LLC now owns 1,741 shares of the aerospace company’s stock valued at $208,000 after buying an additional 71 shares during the period. Mackenzie Financial Corp lifted its position in AeroVironment by 5.5% during the fourth quarter. Mackenzie Financial Corp now owns 1,601 shares of the aerospace company’s stock valued at $246,000 after buying an additional 83 shares during the period. Finally, Kestra Private Wealth Services LLC lifted its position in AeroVironment by 2.7% during the first quarter. Kestra Private Wealth Services LLC now owns 3,199 shares of the aerospace company’s stock valued at $381,000 after buying an additional 83 shares during the period. Hedge funds and other institutional investors 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.