Brokerages Set AeroVironment, Inc. (NASDAQ:AVAV) Target Price at $208.20

AeroVironment, Inc. (NASDAQ:AVAV) has received a consensus recommendation of “Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $208.20.

Several equities analysts recently issued reports on the company. Baird R W raised AeroVironment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. BTIG Research reissued a “buy” rating and set a $245.00 target price on shares of AeroVironment in a research note on Tuesday, September 17th. Royal Bank of Canada decreased their target price on AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Raymond James lowered AeroVironment from an “outperform” rating to a “market perform” rating in a research note on Monday, September 16th. Finally, Alembic Global Advisors raised AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 target price on the stock in a research note on Wednesday, August 28th.

Insiders Place Their Bets

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 878 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $210.54, for a total transaction of $184,854.12. Following the sale, the chief financial officer now owns 17,376 shares in the company, valued at $3,658,343.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 1,782 shares of company stock worth $372,615 in the last quarter. 1.27% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Intech Investment Management LLC increased its holdings in shares of AeroVironment by 129.2% in the 3rd quarter. Intech Investment Management LLC now owns 14,829 shares of the aerospace company’s stock valued at $2,973,000 after acquiring an additional 8,358 shares during the last quarter. Moran Wealth Management LLC increased its holdings in shares of AeroVironment by 25.6% in the 3rd quarter. Moran Wealth Management LLC now owns 3,651 shares of the aerospace company’s stock valued at $732,000 after acquiring an additional 744 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of AeroVironment by 1.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 23,247 shares of the aerospace company’s stock valued at $4,661,000 after acquiring an additional 423 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in shares of AeroVironment in the 3rd quarter valued at about $1,375,000. Finally, Avior Wealth Management LLC increased its holdings in shares of AeroVironment by 51.0% in the 3rd quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock valued at $79,000 after acquiring an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

AeroVironment Stock Performance

Shares of AeroVironment stock opened at $227.87 on Monday. AeroVironment has a 52 week low of $116.51 and a 52 week high of $232.00. The business’s fifty day simple moving average is $203.71 and its 200-day simple moving average is $190.99. The firm has a market cap of $6.43 billion, a PE ratio of 106.98 and a beta of 0.49. The company has a quick ratio of 3.04, a current ratio of 4.26 and a debt-to-equity ratio of 0.01.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Wednesday, September 4th. The aerospace company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.61 by $0.28. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The business had revenue of $189.48 million for the quarter, compared to analyst estimates of $183.18 million. During the same quarter in the prior year, the company posted $1.00 EPS. The company’s quarterly revenue was up 24.4% on a year-over-year basis. Equities analysts forecast that AeroVironment will post 3.36 earnings per share for the current year.

About AeroVironment

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.