AeroVironment (NASDAQ:AVAV) Earns Buy Rating from Analysts at BTIG Research

BTIG Research started coverage on shares of AeroVironment (NASDAQ:AVAV) in a research report released on Wednesday, Marketbeat Ratings reports. The firm issued a buy rating and a $255.00 price target on the aerospace company’s stock.

Other research analysts also recently issued research reports about the company. Robert W. Baird reissued a neutral rating and issued a $161.00 target price on shares of AeroVironment in a report on Friday, March 8th. Royal Bank of Canada boosted their target price on shares of AeroVironment from $160.00 to $165.00 and gave the company an outperform rating in a research report on Friday, April 5th. Finally, William Blair reiterated an outperform rating on shares of AeroVironment in a research report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $168.20.

AeroVironment Price Performance

Shares of AVAV opened at $192.81 on Wednesday. The firm has a fifty day simple moving average of $189.17 and a two-hundred day simple moving average of $153.60. The firm has a market cap of $5.43 billion, a PE ratio of -44.74 and a beta of 0.46. The company has a current ratio of 4.66, a quick ratio of 3.16 and a debt-to-equity ratio of 0.04. AeroVironment has a 1-year low of $89.69 and a 1-year high of $224.00.

Hedge Funds Weigh In On AeroVironment

Several large investors have recently added to or reduced their stakes in AVAV. Corient Private Wealth LLC raised its position in shares of AeroVironment by 1.7% during the 4th quarter. Corient Private Wealth LLC now owns 4,882 shares of the aerospace company’s stock valued at $615,000 after purchasing an additional 80 shares during the period. Avantax Advisory Services Inc. raised its holdings in AeroVironment by 2.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,813 shares of the aerospace company’s stock valued at $481,000 after acquiring an additional 95 shares during the period. Arcadia Investment Management Corp MI lifted its position in shares of AeroVironment by 44.1% in the fourth quarter. Arcadia Investment Management Corp MI now owns 327 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 100 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of AeroVironment by 0.6% in the first quarter. New York State Teachers Retirement System now owns 17,667 shares of the aerospace company’s stock worth $2,708,000 after acquiring an additional 100 shares during the period. Finally, North Star Investment Management Corp. grew its position in shares of AeroVironment by 8.8% during the first quarter. North Star Investment Management Corp. now owns 1,268 shares of the aerospace company’s stock worth $194,000 after purchasing an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

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.