AeroVironment (NASDAQ:AVAV) Shares Gap Down to $192.11

AeroVironment, Inc. (NASDAQ:AVAV)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $192.11, but opened at $187.19. AeroVironment shares last traded at $176.35, with a volume of 66,868 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AVAV shares. BTIG Research initiated coverage on shares of AeroVironment in a research note on Wednesday, June 26th. They set a “buy” rating and a $255.00 target price for the company. Robert W. Baird raised AeroVironment from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $161.00 to $220.00 in a research note on Wednesday, August 28th. Alembic Global Advisors upgraded AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 target price on the stock in a research report on Wednesday, August 28th. Baird R W upgraded AeroVironment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Finally, Royal Bank of Canada cut their price target on AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, AeroVironment has an average rating of “Buy” and a consensus target price of $210.20.

AeroVironment Trading Down 10.3 %

The business has a 50 day moving average of $179.31 and a two-hundred day moving average of $175.57. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 79.44 and a beta of 0.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.26.

AeroVironment (NASDAQ:AVAV) last issued its earnings results on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.28. The company had revenue of $189.48 million for the quarter, compared to analysts’ expectations of $183.18 million. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. AeroVironment’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same period last year, the business earned $1.00 EPS. Equities analysts predict that AeroVironment, Inc. will post 3.4 EPS for the current year.

Insider Transactions at AeroVironment

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 396 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $196.22, for a total transaction of $77,703.12. Following the completion of the sale, the chief financial officer now directly owns 18,254 shares of the company’s stock, valued at approximately $3,581,799.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 396 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $196.22, for a total value of $77,703.12. Following the completion of the sale, the chief financial officer now directly owns 18,254 shares of the company’s stock, valued at approximately $3,581,799.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Wahid Nawabi sold 9,867 shares of the business’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $169.23, for a total value of $1,669,792.41. Following the completion of the transaction, the chief executive officer now directly owns 99,892 shares in the company, valued at approximately $16,904,723.16. The disclosure for this sale can be found here. Insiders sold a total of 11,287 shares of company stock valued at $1,928,305 over the last three months. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of AeroVironment

Hedge funds and other institutional investors have recently modified their holdings of the business. NBC Securities Inc. bought a new stake in shares of AeroVironment during the first quarter valued at about $26,000. Canada Pension Plan Investment Board purchased a new stake in AeroVironment in the 2nd quarter worth approximately $36,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in AeroVironment in the 1st quarter valued at $38,000. Russell Investments Group Ltd. purchased a new position in shares of AeroVironment during the 4th quarter valued at $39,000. Finally, GAMMA Investing LLC grew its position in shares of AeroVironment by 50.2% during the 1st quarter. GAMMA Investing LLC now owns 401 shares of the aerospace company’s stock valued at $61,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 86.38% of the company’s stock.

AeroVironment Company Profile

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.