AeroVironment, Inc. (NASDAQ:AVAV)‘s stock had its “hold” rating reissued by Robert W. Baird in a research note issued to investors on Monday. They presently have a $35.00 price target on the aerospace company’s stock. Robert W. Baird’s target price indicates a potential downside of 9.86% from the company’s current price.

A number of other research analysts also recently weighed in on the company. BidaskClub downgraded AeroVironment from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Canaccord Genuity reissued a “hold” rating and set a $35.00 price target on shares of AeroVironment in a report on Thursday, August 10th. Jefferies Group LLC lifted their price target on AeroVironment from $27.00 to $29.00 and gave the stock a “hold” rating in a report on Wednesday, June 28th. ValuEngine raised AeroVironment from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised AeroVironment from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a report on Friday, June 30th. Eight analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $35.20.

Shares of AeroVironment (NASDAQ AVAV) traded up 0.52% during midday trading on Monday, reaching $39.03. 134,827 shares of the company were exchanged. The company has a market capitalization of $908.11 million, a PE ratio of 72.28 and a beta of 1.31. The firm’s 50 day moving average is $38.28 and its 200-day moving average is $31.67. AeroVironment has a 52-week low of $22.16 and a 52-week high of $40.10.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Tuesday, June 27th. The aerospace company reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.31. The company had revenue of $125.40 million for the quarter, compared to analyst estimates of $122.90 million. AeroVironment had a return on equity of 3.49% and a net margin of 4.71%. AeroVironment’s revenue was up 47.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. On average, equities analysts forecast that AeroVironment will post $0.54 earnings per share for the current fiscal year.

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In other news, VP Kenneth D. Karklin sold 735 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $39.57, for a total value of $29,083.95. Following the completion of the transaction, the vice president now directly owns 9,437 shares of the company’s stock, valued at $373,422.09. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Timothy E. Conver sold 11,362 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $39.19, for a total value of $445,276.78. Following the completion of the transaction, the chairman now directly owns 58,138 shares of the company’s stock, valued at $2,278,428.22. The disclosure for this sale can be found here. Insiders have sold a total of 79,497 shares of company stock valued at $3,034,461 over the last three months. Corporate insiders own 11.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in AVAV. Sei Investments Co. increased its stake in AeroVironment by 1.8% in the second quarter. Sei Investments Co. now owns 3,450 shares of the aerospace company’s stock valued at $132,000 after buying an additional 61 shares in the last quarter. Mason Street Advisors LLC increased its stake in shares of AeroVironment by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,813 shares of the aerospace company’s stock worth $135,000 after buying an additional 316 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of AeroVironment by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,860 shares of the aerospace company’s stock worth $136,000 after buying an additional 38 shares during the period. State of Alaska Department of Revenue increased its stake in shares of AeroVironment by 78.6% in the second quarter. State of Alaska Department of Revenue now owns 4,073 shares of the aerospace company’s stock worth $155,000 after buying an additional 1,793 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of AeroVironment by 3.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,850 shares of the aerospace company’s stock worth $185,000 after buying an additional 150 shares during the period. 77.55% of the stock is owned by institutional investors and hedge funds.

AeroVironment Company Profile

AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.

Analyst Recommendations for AeroVironment (NASDAQ:AVAV)

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