AeroVironment, Inc. (NASDAQ:AVAV – Get Free Report) shares shot up 6.6% during trading on Monday . The stock traded as high as $159.33 and last traded at $159.18. Approximately 960,287 shares changed hands during trading, a decline of 42% from the average daily volume of 1,652,088 shares. The stock had previously closed at $149.37.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. Zacks Research raised shares of AeroVironment from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Royal Bank Of Canada cut shares of AeroVironment from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $210.00 to $180.00 in a research note on Thursday, July 9th. Jefferies Financial Group decreased their target price on AeroVironment from $305.00 to $229.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Citizens Jmp decreased their price objective on AeroVironment from $350.00 to $230.00 and set a “market outperform” rating on the stock in a research note on Friday, July 10th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of AeroVironment in a research note on Monday, June 8th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $266.68.
Get Our Latest Research Report on AVAV
AeroVironment Price Performance
AeroVironment (NASDAQ:AVAV – Get Free Report) last posted its earnings results on Monday, June 29th. The aerospace company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.37. AeroVironment had a positive return on equity of 3.71% and a negative net margin of 9.00%.The firm had revenue of $641.62 million during the quarter, compared to the consensus estimate of $555.97 million. During the same period in the prior year, the company earned $1.61 EPS. The company’s quarterly revenue was up 133.3% compared to the same quarter last year. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. As a group, analysts forecast that AeroVironment, Inc. will post 3.26 earnings per share for the current year.
Insider Transactions at AeroVironment
In other news, Director Stephen F. Page sold 250 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $174.41, for a total transaction of $43,602.50. Following the transaction, the director owned 49,001 shares of the company’s stock, valued at approximately $8,546,264.41. This represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.81% of the stock is currently owned by insiders.
Institutional Trading of AeroVironment
A number of large investors have recently modified their holdings of the company. Hilton Head Capital Partners LLC bought a new position in AeroVironment during the 4th quarter worth about $26,000. National Bank of Canada FI increased its holdings in AeroVironment by 230.3% during the third quarter. National Bank of Canada FI now owns 109 shares of the aerospace company’s stock valued at $34,000 after buying an additional 76 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in AeroVironment by 90.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 133 shares of the aerospace company’s stock worth $32,000 after buying an additional 63 shares during the period. Sunbelt Securities Inc. bought a new stake in AeroVironment during the 1st quarter valued at $25,000. Finally, TD Waterhouse Canada Inc. raised its position in shares of AeroVironment by 73.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 139 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than AeroVironment
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
- AMD’s Post-Earnings Drop May Be the Opportunity Investors Wanted
Receive News & Ratings for AeroVironment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AeroVironment and related companies with MarketBeat.com's FREE daily email newsletter.
