AeroVironment, Inc. (NASDAQ:AVAV)‘s stock had its “hold” rating restated by equities research analysts at Robert W. Baird in a research report issued to clients and investors on Tuesday. They presently have a $35.00 price target on the aerospace company’s stock. Robert W. Baird’s target price would suggest a potential downside of 33.97% from the company’s current price.

AVAV has been the subject of a number of other reports. Canaccord Genuity raised their price objective on AeroVironment from $40.00 to $48.00 and gave the company a “hold” rating in a research report on Wednesday, October 4th. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $36.00 price objective on shares of AeroVironment in a research report on Thursday, August 31st. Jefferies Group LLC raised their price objective on AeroVironment from $29.00 to $37.00 and gave the company a “hold” rating in a research report on Wednesday, August 30th. TheStreet raised AeroVironment from a “c-” rating to a “b” rating in a research report on Tuesday, June 27th. Finally, BidaskClub cut AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Six analysts have rated the stock with a hold rating, AeroVironment currently has a consensus rating of “Hold” and an average target price of $39.00.

AeroVironment (NASDAQ AVAV) traded up 1.38% during midday trading on Tuesday, reaching $53.01. The company had a trading volume of 184,859 shares. The company’s 50-day moving average is $51.95 and its 200 day moving average is $38.64. The company has a market cap of $1.24 billion, a PE ratio of 62.44 and a beta of 1.29. AeroVironment has a 52-week low of $22.65 and a 52-week high of $55.75.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings results on Tuesday, August 29th. The aerospace company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.15. AeroVironment had a return on equity of 5.40% and a net margin of 7.22%. The firm had revenue of $43.80 million during the quarter, compared to analysts’ expectations of $42.44 million. During the same period in the prior year, the firm posted ($0.51) earnings per share. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, equities research analysts forecast that AeroVironment will post $0.61 EPS for the current year.

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In other news, Chairman Timothy E. Conver sold 7,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $39.04, for a total value of $296,704.00. Following the completion of the sale, the chairman now directly owns 58,138 shares of the company’s stock, valued at $2,269,707.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Timothy E. Conver sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $53.91, for a total value of $107,820.00. Following the completion of the sale, the chairman now directly owns 58,138 shares of the company’s stock, valued at $3,134,219.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,600 shares of company stock valued at $2,260,596. Insiders own 11.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. lifted its position in shares of AeroVironment by 28.9% in the second quarter. Citigroup Inc. now owns 25,980 shares of the aerospace company’s stock valued at $992,000 after buying an additional 5,832 shares during the last quarter. BlackRock Inc. lifted its holdings in AeroVironment by 216,094.4% during the 1st quarter. BlackRock Inc. now owns 3,216,973 shares of the aerospace company’s stock worth $90,172,000 after purchasing an additional 3,215,485 shares during the last quarter. Virtu KCG Holdings LLC acquired a new stake in AeroVironment during the 2nd quarter worth approximately $534,000. Wellington Shields & Co. LLC acquired a new stake in AeroVironment during the 2nd quarter worth approximately $1,375,000. Finally, Baillie Gifford & Co. lifted its holdings in AeroVironment by 19.8% during the 2nd quarter. Baillie Gifford & Co. now owns 344,710 shares of the aerospace company’s stock worth $13,167,000 after purchasing an additional 57,000 shares during the last quarter. 77.62% of the stock is owned by institutional investors.

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.

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