AeroVironment (NASDAQ:AVAV – Get Free Report)‘s stock had its “overweight” rating reissued by analysts at Piper Sandler in a research note issued to investors on Thursday,Benzinga reports. They currently have a $248.00 price target on the aerospace company’s stock. Piper Sandler’s price objective points to a potential upside of 29.47% from the stock’s previous close.
A number of other equities analysts have also commented on the company. Stifel Nicolaus cut their price target on AeroVironment from $315.00 to $220.00 and set a “buy” rating for the company in a report on Tuesday. Needham & Company LLC dropped their price objective on AeroVironment from $400.00 to $225.00 and set a “buy” rating on the stock in a report on Tuesday. Clear Str upgraded AeroVironment to a “strong-buy” rating in a research note on Wednesday, April 29th. Canaccord Genuity Group decreased their price target on AeroVironment from $300.00 to $280.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, BTIG Research restated a “buy” rating and issued a $205.00 price objective on shares of AeroVironment in a research report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $277.37.
Read Our Latest Report on AVAV
AeroVironment Stock Performance
AeroVironment (NASDAQ:AVAV – Get Free Report) last posted its quarterly earnings results on Monday, June 29th. The aerospace company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.37. The company had revenue of $641.62 million for the quarter, compared to analyst estimates of $555.97 million. AeroVironment had a negative net margin of 9.00% and a positive return on equity of 3.72%. The company’s quarterly revenue was up 133.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.61 earnings per share. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. Sell-side analysts expect that AeroVironment will post 3.18 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Stephen F. Page sold 250 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $174.41, for a total transaction of $43,602.50. Following the completion of the transaction, the director owned 49,001 shares of the company’s stock, valued at approximately $8,546,264.41. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 750 shares of company stock worth $133,502. Company insiders own 0.81% of the company’s stock.
Institutional Investors Weigh In On AeroVironment
Institutional investors and hedge funds have recently bought and sold shares of the stock. Southern Financial Group LLC grew its stake in AeroVironment by 12.6% in the 1st quarter. Southern Financial Group LLC now owns 1,218 shares of the aerospace company’s stock worth $223,000 after buying an additional 136 shares in the last quarter. Militia Capital Management LLC bought a new stake in shares of AeroVironment during the 1st quarter worth $209,000. Evolutionary Tree Capital Management LLC purchased a new position in AeroVironment in the first quarter worth $522,000. Western Wealth Management LLC bought a new position in AeroVironment in the first quarter valued at $37,000. Finally, Cim Investment Management Inc. raised its position in AeroVironment by 62.1% during the first quarter. Cim Investment Management Inc. now owns 1,996 shares of the aerospace company’s stock valued at $365,000 after purchasing an additional 765 shares in the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.
Key AeroVironment News
Here are the key news stories impacting AeroVironment this week:
- Positive Sentiment: AeroVironment’s latest quarter was described as a blowout, with earnings and revenue beating estimates and management pointing to strong demand for autonomous systems and counter-drone products.
- Positive Sentiment: The company won a $500 million U.S. Department of Defense contract for counter-unmanned aerial systems, a meaningful catalyst that supports future revenue visibility.
- Positive Sentiment: Wedbush upgraded AeroVironment to strong-buy, adding analyst support after the earnings beat and contract win.
- Positive Sentiment: Unusual options activity showed elevated call buying, suggesting traders are positioning for more upside in AVAV.
- Neutral Sentiment: Several commentary pieces highlighted the geopolitical backdrop, arguing that prolonged conflict in Ukraine and the Middle East continues to create long-term demand tailwinds for defense drone makers. Article: A Longlasting Russia-Ukraine War Creates a Catalyst to Buy AeroVironment Stock Now
- Neutral Sentiment: Multiple law firms announced class-action lawsuits and deadline reminders tied to prior disclosures, which adds legal uncertainty but is not a fresh operating issue. Article: AeroVironment, Inc. (AVAV) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
- Negative Sentiment: The securities-fraud litigation headlines could weigh on sentiment by reminding investors of alleged issues during the class period and creating potential distraction and headline risk.
AeroVironment Company Profile
AeroVironment, Inc (NASDAQ:AVAV) is a technology company specializing in unmanned aerial systems (UAS), tactical missiles and precision loitering munitions, electric vehicle charging and scalable energy systems. Headquartered in Monrovia, California, the company develops solutions for defense, public safety and commercial markets. Their offerings include small UAS for intelligence, surveillance and reconnaissance, as well as advanced weapons systems designed to meet the needs of modern military operations.
The company’s unmanned aerial systems portfolio features platforms such as the Raven, Puma and Switchblade series, which are deployed by the U.S.
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