AeroVironment (NASDAQ:AVAV) Given Buy Rating at BTIG Research

BTIG Research restated their buy rating on shares of AeroVironment (NASDAQ:AVAV) in a research note issued to investors on Monday morning,Benzinga reports. They currently have a $415.00 target price on the aerospace company’s stock.

A number of other analysts also recently issued reports on the stock. New Street Research set a $365.00 price objective on shares of AeroVironment in a report on Wednesday, October 1st. The Goldman Sachs Group lifted their price target on shares of AeroVironment from $300.00 to $333.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Robert W. Baird increased their price objective on AeroVironment from $267.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. William Blair restated an “outperform” rating on shares of AeroVironment in a research note on Tuesday, September 16th. Finally, Piper Sandler initiated coverage on AeroVironment in a research note on Thursday, November 20th. They set an “overweight” rating and a $391.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, AeroVironment has a consensus rating of “Buy” and a consensus target price of $358.19.

AeroVironment Stock Performance

Shares of AVAV opened at $276.99 on Monday. The stock has a 50 day moving average of $337.99 and a 200 day moving average of $265.60. The company has a market capitalization of $13.83 billion, a price-to-earnings ratio of -432.79, a PEG ratio of 5.37 and a beta of 1.09. AeroVironment has a 12 month low of $102.25 and a 12 month high of $417.86. The company has a current ratio of 5.96, a quick ratio of 5.12 and a debt-to-equity ratio of 0.16.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings results on Monday, August 28th. The aerospace company reported $0.12 EPS for the quarter. The business had revenue of $132.62 million for the quarter. AeroVironment had a positive return on equity of 4.67% and a negative net margin of 4.14%. As a group, sell-side analysts forecast that AeroVironment will post 3.38 earnings per share for the current year.

Insider Transactions at AeroVironment

In other news, insider Trace E. Stevenson sold 1,717 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $381.00, for a total value of $654,177.00. Following the completion of the sale, the insider owned 4,907 shares of the company’s stock, valued at approximately $1,869,567. This represents a 25.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin Patrick Mcdonnell sold 513 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $331.46, for a total transaction of $170,038.98. Following the transaction, the chief financial officer directly owned 18,811 shares in the company, valued at approximately $6,235,094.06. This represents a 2.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,228 shares of company stock worth $1,223,157 in the last 90 days. Company insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. US Bancorp DE increased its stake in shares of AeroVironment by 13.5% in the second quarter. US Bancorp DE now owns 8,068 shares of the aerospace company’s stock worth $2,299,000 after buying an additional 961 shares during the period. Wedbush Securities Inc. purchased a new stake in AeroVironment during the 2nd quarter valued at $273,000. Twin Tree Management LP bought a new stake in AeroVironment in the 2nd quarter worth $697,000. Semanteon Capital Management LP bought a new stake in AeroVironment in the 2nd quarter worth $874,000. Finally, Freemont Management S.A. increased its position in shares of AeroVironment by 29.8% in the second quarter. Freemont Management S.A. now owns 10,900 shares of the aerospace company’s stock valued at $3,106,000 after acquiring an additional 2,500 shares during the period. 86.38% of the stock is 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.