William Blair reaffirmed their buy rating on shares of AeroVironment (NASDAQ:AVAV) in a report published on Monday, Stock Target Advisor reports.

Several other equities analysts have also weighed in on the stock. TheStreet lowered shares of Stamps.com from a b- rating to a c+ rating in a research report on Monday, March 11th. Zacks Investment Research raised shares of Focus Financial Partners from a hold rating to a buy rating and set a $31.00 price objective on the stock in a research report on Monday, June 24th. ValuEngine raised shares of United Overseas Bank from a sell rating to a hold rating in a research report on Monday, June 17th. Piper Jaffray Companies raised their price objective on shares of Mirati Therapeutics from $85.00 to $125.00 and gave the company an overweight rating in a research report on Tuesday, June 4th. Finally, Canaccord Genuity cut their price objective on shares of AeroVironment from $86.00 to $80.00 and set an in-line rating on the stock in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $74.32.

NASDAQ AVAV opened at $55.37 on Monday. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 36.95, a price-to-earnings-growth ratio of 1.44 and a beta of 1.11. The stock has a 50 day moving average of $61.66. AeroVironment has a 52-week low of $53.90 and a 52-week high of $121.32.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings data on Tuesday, June 25th. The aerospace company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $87.90 million for the quarter, compared to analyst estimates of $82.57 million. AeroVironment had a net margin of 15.09% and a return on equity of 7.93%. The company’s revenue for the quarter was down 25.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. On average, analysts anticipate that AeroVironment will post 1.53 EPS for the current fiscal year.

In other AeroVironment news, Chairman Timothy E. Conver sold 13,792 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $59.17, for a total transaction of $816,072.64. Following the transaction, the chairman now owns 55,659 shares in the company, valued at $3,293,343.03. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Timothy E. Conver sold 15,987 shares of the 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 transaction, the chairman now owns 55,659 shares in the company, valued at approximately $3,662,362.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,351 shares of company stock worth $5,077,505. Corporate insiders own 11.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in AVAV. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in AeroVironment by 14.2% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,078 shares of the aerospace company’s stock valued at $142,000 after purchasing an additional 259 shares during the last quarter. Quantamental Technologies LLC acquired a new position in AeroVironment during the first quarter valued at approximately $159,000. Victory Capital Management Inc. acquired a new position in AeroVironment during the first quarter valued at approximately $185,000. Amalgamated Bank acquired a new position in AeroVironment during the fourth quarter valued at approximately $225,000. Finally, Prudential PLC acquired a new position in AeroVironment during the fourth quarter valued at approximately $249,000. Institutional investors own 82.71% of the company’s stock.

About AeroVironment

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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