AeroVironment (NASDAQ:AVAV) Trading Down 3.4% – Time to Sell?

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AVAV shares. William Blair reissued an “outperform” rating on shares of AeroVironment in a research report on Wednesday, March 5th. Robert W. Baird dropped their target price on shares of AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group dropped their target price on shares of AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $202.40.

AeroVironment Trading Down 2.7 %

The business’s 50 day moving average is $160.21 and its two-hundred day moving average is $181.14. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $3.55 billion, a P/E ratio of 72.41 and a beta of 0.42.

Institutional Investors Weigh In On AeroVironment

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in AeroVironment by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 3,098,822 shares of the aerospace company’s stock worth $476,878,000 after acquiring an additional 35,543 shares during the period. Baillie Gifford & Co. increased its stake in AeroVironment by 9.4% in the 4th quarter. Baillie Gifford & Co. now owns 2,135,280 shares of the aerospace company’s stock worth $328,598,000 after purchasing an additional 183,887 shares in the last quarter. State Street Corp increased its stake in AeroVironment by 0.5% in the 3rd quarter. State Street Corp now owns 1,582,871 shares of the aerospace company’s stock worth $317,366,000 after purchasing an additional 7,471 shares in the last quarter. Geode Capital Management LLC increased its stake in AeroVironment by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 654,024 shares of the aerospace company’s stock worth $100,670,000 after purchasing an additional 19,835 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in AeroVironment in the 4th quarter worth about $93,759,000. 86.38% of the stock is currently owned by institutional investors.

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.