AeroVironment, Inc. (NASDAQ:AVAV) has earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $76.60.

AVAV has been the subject of several analyst reports. ValuEngine upgraded shares of AeroVironment from a “hold” rating to a “buy” rating in a research report on Tuesday. Canaccord Genuity upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and boosted their target price for the company from $84.00 to $86.00 in a research report on Tuesday. Zacks Investment Research upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Tuesday, April 30th. BidaskClub upgraded shares of AeroVironment from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, TheStreet cut shares of AeroVironment from an “a-” rating to a “c+” rating in a research report on Monday, March 11th.

NASDAQ AVAV traded down $0.97 during trading on Friday, reaching $68.64. The company’s stock had a trading volume of 6,882 shares, compared to its average volume of 186,007. The company has a market capitalization of $1.52 billion, a P/E ratio of 63.56, a P/E/G ratio of 1.51 and a beta of 1.30. AeroVironment has a 12 month low of $49.69 and a 12 month high of $121.32.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Tuesday, March 5th. The aerospace company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.21. The firm had revenue of $75.32 million during the quarter, compared to the consensus estimate of $75.30 million. AeroVironment had a net margin of 17.48% and a return on equity of 11.40%. As a group, research analysts forecast that AeroVironment will post 1.49 earnings per share for the current fiscal year.

In other news, Chairman Timothy E. Conver sold 15,987 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $65.80, for a total value of $1,051,944.60. Following the completion of the transaction, the chairman now directly owns 55,659 shares in the company, valued at approximately $3,662,362.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Timothy E. Conver sold 20,700 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $81.53, for a total transaction of $1,687,671.00. Following the completion of the transaction, the chairman now owns 55,659 shares of the company’s stock, valued at $4,537,878.27. The disclosure for this sale can be found here. Insiders sold a total of 108,077 shares of company stock valued at $7,993,773 over the last 90 days. Corporate insiders own 11.70% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank increased its position in AeroVironment by 0.7% during the 4th quarter. Comerica Bank now owns 20,724 shares of the aerospace company’s stock worth $1,580,000 after purchasing an additional 134 shares in the last quarter. Bank of Montreal Can increased its position in AeroVironment by 12.9% during the 4th quarter. Bank of Montreal Can now owns 1,350 shares of the aerospace company’s stock worth $91,000 after purchasing an additional 154 shares in the last quarter. Piedmont Investment Advisors Inc. increased its position in AeroVironment by 3.3% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 5,066 shares of the aerospace company’s stock worth $344,000 after purchasing an additional 160 shares in the last quarter. Teachers Advisors LLC increased its position in AeroVironment by 0.5% during the 3rd quarter. Teachers Advisors LLC now owns 40,825 shares of the aerospace company’s stock worth $4,579,000 after purchasing an additional 194 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in AeroVironment by 12.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,713 shares of the aerospace company’s stock worth $117,000 after purchasing an additional 196 shares in the last quarter. Institutional investors and hedge funds own 85.77% of the company’s stock.

AeroVironment Company Profile

AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.

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Analyst Recommendations for AeroVironment (NASDAQ:AVAV)

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