AeroVironment (NASDAQ:AVAV) Stock Price Expected to Rise, Robert W. Baird Analyst Says

AeroVironment (NASDAQ:AVAV) had its target price raised by Robert W. Baird from $146.00 to $210.00 in a report published on Friday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the aerospace company’s stock.

AVAV has been the subject of several other reports. Jefferies Financial Group reduced their price target on AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. William Blair restated an “outperform” rating on shares of AeroVironment in a report on Wednesday, March 5th. Royal Bank of Canada restated an “outperform” rating and set a $190.00 price target on shares of AeroVironment in a report on Monday, May 12th. Wall Street Zen downgraded AeroVironment from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Finally, Raymond James upgraded AeroVironment from a “market perform” rating to a “strong-buy” rating and set a $200.00 price objective for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $208.50.

AeroVironment Price Performance

Shares of NASDAQ:AVAV opened at $190.89 on Friday. AeroVironment has a 1-year low of $102.25 and a 1-year high of $236.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. The business has a fifty day moving average price of $155.54 and a 200-day moving average price of $157.65. The company has a market capitalization of $5.39 billion, a PE ratio of 109.71 and a beta of 0.81.

Insider Buying and Selling

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

Institutional Investors Weigh In On AeroVironment

A number of large investors have recently made changes to their positions in AVAV. CoreCap Advisors LLC grew its stake in shares of AeroVironment by 120.2% during the 4th quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 101 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of AeroVironment by 171.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 154 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of AeroVironment during the 4th quarter valued at about $31,000. Colonial Trust Advisors bought a new stake in shares of AeroVironment during the 4th quarter valued at about $31,000. Finally, Accredited Wealth Management LLC bought a new stake in shares of AeroVironment during the 4th quarter valued at about $31,000. 86.38% of the stock is currently owned by institutional investors.

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.