AeroVironment, Inc. (NASDAQ:AVAV) Receives $210.20 Consensus PT from Analysts

AeroVironment, Inc. (NASDAQ:AVAV) has received an average recommendation of “Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $208.20.

AVAV has been the topic of a number of recent analyst reports. Raymond James downgraded AeroVironment from an “outperform” rating to a “market perform” rating in a research report on Monday. Robert W. Baird upgraded AeroVironment from a “neutral” rating to an “outperform” rating and increased their price target for the company from $161.00 to $220.00 in a research note on Wednesday, August 28th. Royal Bank of Canada reduced their price objective on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. Alembic Global Advisors raised shares of AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price objective on the stock in a research report on Wednesday, August 28th. Finally, Baird R W upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 28th.

Insider Activity

In related news, CFO Kevin Patrick Mcdonnell sold 511 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $178.45, for a total transaction of $91,187.95. Following the transaction, the chief financial officer now directly owns 21,334 shares of the company’s stock, valued at $3,807,052.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Kevin Patrick Mcdonnell sold 511 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $178.45, for a total value of $91,187.95. Following the completion of the sale, the chief financial officer now directly owns 21,334 shares in the company, valued at $3,807,052.30. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Wahid Nawabi sold 9,867 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $169.23, for a total value of $1,669,792.41. Following the transaction, the chief executive officer now owns 99,892 shares in the company, valued at approximately $16,904,723.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,287 shares of company stock valued at $1,928,305. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On AeroVironment

Several institutional investors and hedge funds have recently bought and sold shares of the company. NBC Securities Inc. acquired a new position in shares of AeroVironment in the 1st quarter valued at approximately $26,000. Canada Pension Plan Investment Board acquired a new position in AeroVironment during the second quarter valued at approximately $36,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in AeroVironment during the first quarter worth $38,000. Russell Investments Group Ltd. acquired a new stake in shares of AeroVironment in the 4th quarter valued at $39,000. Finally, GAMMA Investing LLC boosted its holdings in shares of AeroVironment by 50.2% in the 1st quarter. GAMMA Investing LLC now owns 401 shares of the aerospace company’s stock valued at $61,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 86.38% of the company’s stock.

AeroVironment Stock Performance

AVAV opened at $174.96 on Friday. The business’s 50-day simple moving average is $179.37 and its 200 day simple moving average is $175.89. AeroVironment has a 52-week low of $104.67 and a 52-week high of $224.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.26. The firm has a market capitalization of $4.92 billion, a PE ratio of 78.81 and a beta of 0.50.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.28. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The company had revenue of $189.48 million for the quarter, compared to analysts’ expectations of $183.18 million. During the same quarter in the prior year, the business posted $1.00 EPS. The business’s revenue was up 24.4% compared to the same quarter last year. As a group, sell-side analysts expect that AeroVironment will post 3.4 earnings per share for the current fiscal year.

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.