AeroVironment, Inc. (NASDAQ:AVAV – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the twenty-four analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, eighteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $266.6842.
AVAV has been the topic of a number of analyst reports. BTIG Research reaffirmed a “buy” rating and set a $205.00 price objective on shares of AeroVironment in a research note on Thursday, July 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of AeroVironment in a research note on Monday, June 8th. Royal Bank Of Canada downgraded shares of AeroVironment from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $210.00 to $180.00 in a report on Thursday, July 9th. Stifel Nicolaus dropped their price target on shares of AeroVironment from $315.00 to $220.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Finally, Canaccord Genuity Group cut their price objective on shares of AeroVironment from $280.00 to $240.00 and set a “buy” rating for the company in a report on Friday, July 10th.
Get Our Latest Analysis on AVAV
AeroVironment Stock Performance
AeroVironment (NASDAQ:AVAV – Get Free Report) last issued its earnings results on Monday, June 29th. The aerospace company reported $1.84 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $555.97 million. During the same quarter in the prior year, the business earned $1.61 earnings per share. The company’s 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. On average, equities analysts expect that AeroVironment will post 3.26 EPS for the current year.
Insider Activity
In related news, CAO Brian Charles Shackley sold 205 shares of AeroVironment stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $201.86, for a total value of $41,381.30. Following the completion of the transaction, the chief accounting officer owned 7,888 shares in the company, valued at $1,592,271.68. The trade was a 2.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen F. Page sold 250 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $174.41, for a total value of $43,602.50. Following the completion of the transaction, the director directly owned 49,001 shares of the company’s stock, valued at $8,546,264.41. The trade was a 0.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.81% of the company’s stock.
Institutional Trading of AeroVironment
Several institutional investors have recently bought and sold shares of AVAV. United Services Automobile Association acquired a new position in AeroVironment in the 1st quarter valued at $225,000. Schnieders Capital Management LLC. acquired a new stake in AeroVironment during the 2nd quarter worth $285,000. American Century Companies Inc. acquired a new stake in AeroVironment during the 2nd quarter worth $633,000. EverSource Wealth Advisors LLC grew its holdings in shares of AeroVironment by 5,200.0% during the second quarter. EverSource Wealth Advisors LLC now owns 159 shares of the aerospace company’s stock worth $45,000 after buying an additional 156 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of AeroVironment by 0.4% during the second quarter. Marshall Wace LLP now owns 24,188 shares of the aerospace company’s stock worth $6,892,000 after buying an additional 108 shares in the last quarter. 86.38% of the stock is owned by institutional investors and hedge funds.
About AeroVironment
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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