AeroVironment, Inc. (NASDAQ:AVAV – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-seven research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $224.81.
AVAV has been the topic of a number of recent analyst reports. UBS Group lifted their target price on AeroVironment from $166.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, September 10th. Canaccord Genuity Group lowered their price target on AeroVironment from $280.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Raymond James Financial raised AeroVironment from a “market perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a research note on Thursday, July 16th. Oppenheimer began coverage on shares of AeroVironment in a report on Thursday, October 22nd. They set an “outperform” rating and a $205.00 target price for the company. Finally, Needham & Company LLC reissued a “buy” rating and issued a $225.00 price target on shares of AeroVironment in a research report on Thursday, September 10th.
Check Out Our Latest Report on AVAV
AeroVironment Price Performance
Shares of NASDAQ AVAV opened at $126.11 on Friday. AeroVironment has a 1 year low of $113.15 and a 1 year high of $408.25. The company has a 50 day simple moving average of $141.15 and a 200-day simple moving average of $187.31. The company has a market capitalization of $6.41 billion, a P/E ratio of -53.89, a P/E/G ratio of 1.98 and a beta of 1.42. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.26 and a quick ratio of 3.33.
AeroVironment (NASDAQ:AVAV – Get Free Report) last announced its earnings results on Wednesday, September 9th. The aerospace company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.37. The company had revenue of $480.49 million during the quarter, compared to the consensus estimate of $451.95 million. AeroVironment had a positive return on equity of 4.04% and a negative net margin of 5.77%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. On average, equities research analysts predict that AeroVironment will post 3.26 earnings per share for the current year.
Insiders Place Their Bets
In related news, CAO Brian Shackley sold 205 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $201.86, for a total transaction 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. This trade represents a 2.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $152.27, for a total value of $38,067.50. Following the completion of the sale, the director owned 48,253 shares in the company, valued at $7,347,484.31. The trade was a 0.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 805 shares of company stock worth $142,671 over the last three months. 0.79% of the stock is owned by corporate insiders.
Institutional Trading of AeroVironment
A number of institutional investors have recently modified their holdings of AVAV. BlackRock Inc. purchased a new stake in AeroVironment in the second quarter worth $574,566,000. Stephens Investment Management Group LLC increased its holdings in AeroVironment by 18.8% during the first quarter. Stephens Investment Management Group LLC now owns 490,426 shares of the aerospace company’s stock valued at $89,772,000 after buying an additional 77,619 shares during the period. Congress Asset Management Co. raised its position in shares of AeroVironment by 20.1% in the 3rd quarter. Congress Asset Management Co. now owns 595,134 shares of the aerospace company’s stock valued at $84,640,000 after purchasing an additional 99,494 shares during the last quarter. American Capital Management Inc. purchased a new stake in shares of AeroVironment in the second quarter worth about $69,745,000. Finally, Bank of America Corp DE acquired a new position in shares of AeroVironment during the second quarter valued at approximately $67,549,000. 86.38% of the stock is currently owned by hedge funds and other institutional investors.
AeroVironment Company Profile
AeroVironment, Inc is a defense technology company that develops and supplies uncrewed aircraft systems, loitering munitions, counter-uncrewed-aircraft systems, space systems and related autonomous technologies. Its products are designed for intelligence, surveillance and reconnaissance, precision strike, tactical communications and other defense and security missions.
The company’s portfolio includes the Raven, Puma and Quantix unmanned aircraft systems; the JUMP 20 vertical-takeoff-and-landing aircraft; and the Switchblade family of loitering munitions.
See Also
- Five stocks we like better than AeroVironment
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
- Eli Lilly’s First Full Medicare Quarter: Is Volume Still Outrunning Price Cuts?
- Oracle’s AI Spending Peak Is in Sight—Can the Stock Recover?
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.
