AeroVironment (NASDAQ:AVAV) Stock Price Down 8%

AeroVironment, Inc. (NASDAQ:AVAV)’s stock price traded down 8% during mid-day trading on Friday . The stock traded as low as $186.01 and last traded at $187.37. 317,703 shares changed hands during trading, a decline of 3% from the average session volume of 327,293 shares. The stock had previously closed at $203.59.

Analyst Ratings Changes

AVAV has been the subject of a number of recent research reports. Royal Bank of Canada increased their price objective on AeroVironment from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Robert W. Baird restated a “neutral” rating and issued a $161.00 price objective on shares of AeroVironment in a report on Friday, March 8th. Finally, William Blair restated an “outperform” rating on shares of AeroVironment in a report on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $146.50.

AeroVironment Stock Down 6.9 %

The company has a quick ratio of 3.16, a current ratio of 4.66 and a debt-to-equity ratio of 0.04. The firm has a market cap of $5.33 billion, a P/E ratio of -43.96 and a beta of 0.46. The stock’s 50-day simple moving average is $186.49 and its 200 day simple moving average is $152.20.

Institutional Trading of AeroVironment

A number of institutional investors have recently bought and sold shares of AVAV. Vanguard Group Inc. boosted its position in AeroVironment by 7.9% during the third quarter. Vanguard Group Inc. now owns 2,860,954 shares of the aerospace company’s stock valued at $319,082,000 after acquiring an additional 209,359 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of AeroVironment by 3,565.5% during the 4th quarter. Victory Capital Management Inc. now owns 171,288 shares of the aerospace company’s stock worth $21,589,000 after purchasing an additional 166,615 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of AeroVironment during the 4th quarter worth about $20,287,000. Wellington Management Group LLP boosted its position in shares of AeroVironment by 187.5% during the 4th quarter. Wellington Management Group LLP now owns 221,749 shares of the aerospace company’s stock worth $27,949,000 after purchasing an additional 144,628 shares in the last quarter. Finally, Axiom Investors LLC DE boosted its position in shares of AeroVironment by 756.3% during the 4th quarter. Axiom Investors LLC DE now owns 102,155 shares of the aerospace company’s stock worth $12,876,000 after purchasing an additional 90,225 shares in the last quarter. 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.