AeroVironment (NASDAQ:AVAV) Trading Down 3.4% – Should You Sell?

AeroVironment, Inc. (NASDAQ:AVAV) fell 3.4% on Monday . The stock traded as low as $125.04 and last traded at $125.04. 137,433 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 389,578 shares. The stock had previously closed at $129.45.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AVAV. Robert W. Baird decreased their price objective on AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. Jefferies Financial Group reduced their price target on AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, William Blair reiterated an “outperform” rating on shares of AeroVironment in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AeroVironment has a consensus rating of “Buy” and a consensus target price of $202.40.

AeroVironment Trading Down 0.8 %

The company has a market cap of $3.52 billion, a P/E ratio of 71.72 and a beta of 0.42. The business has a fifty day moving average price of $158.68 and a 200-day moving average price of $180.03. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On AeroVironment

A number of institutional investors have recently made changes to their positions in AVAV. Alyeska Investment Group L.P. bought a new stake in shares of AeroVironment during the fourth quarter worth approximately $93,759,000. Raymond James Financial Inc. bought a new stake in shares of AeroVironment in the fourth quarter valued at approximately $46,789,000. Norges Bank bought a new stake in shares of AeroVironment in the fourth quarter valued at approximately $37,502,000. Wellington Management Group LLP boosted its stake in shares of AeroVironment by 155.1% in the third quarter. Wellington Management Group LLP now owns 321,479 shares of the aerospace company’s stock valued at $64,457,000 after buying an additional 195,443 shares during the period. Finally, Baillie Gifford & Co. boosted its stake in shares of AeroVironment by 9.4% in the fourth quarter. Baillie Gifford & Co. now owns 2,135,280 shares of the aerospace company’s stock valued at $328,598,000 after buying an additional 183,887 shares during the period. 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.