Shares of AeroVironment, Inc. (NASDAQ:AVAV – Get Free Report) reached a new 52-week low during trading on Wednesday. The stock traded as low as $110.75 and last traded at $110.3570, with a volume of 894,807 shares changing hands. The stock had previously closed at $123.53.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on AVAV shares. Citigroup reaffirmed a “market outperform” rating on shares of AeroVironment in a report on Monday. BTIG Research reissued a “buy” rating and set a $205.00 target price on shares of AeroVironment in a research note on Thursday, September 10th. JPMorgan Chase & Co. raised their target price on AeroVironment from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, September 10th. Jefferies Financial Group cut their price target on AeroVironment from $229.00 to $204.00 and set a “buy” rating for the company in a research note on Wednesday, September 16th. Finally, Citizens Jmp cut their price target on AeroVironment from $230.00 to $170.00 and set a “market outperform” rating for the company in a research note on Monday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, AeroVironment has an average rating of “Moderate Buy” and an average price target of $223.86.
View Our Latest Stock Report on AeroVironment
AeroVironment Stock Up 10.5%
The business’s 50 day moving average is $138.33 and its 200-day moving average is $182.04. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of -48.19, a PEG ratio of 1.78 and a beta of 1.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.33 and a current ratio of 4.26.
AeroVironment (NASDAQ:AVAV – Get Free Report) last issued its quarterly earnings results on Wednesday, September 9th. The aerospace company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.22 by $0.37. The company had revenue of $480.49 million during the quarter, compared to analyst estimates of $451.95 million. AeroVironment had a negative net margin of 5.77% and a positive return on equity of 4.04%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 EPS. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. On average, sell-side analysts predict that AeroVironment, Inc. will post 3.26 EPS for the current fiscal year.
Insider Transactions at AeroVironment
In related news, CAO Brian Shackley sold 205 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were 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 represents a 2.53% decrease in their position. The transaction 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 Page sold 250 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $152.27, for a total transaction of $38,067.50. Following the completion of the transaction, the director directly owned 48,253 shares in the company, valued at $7,347,484.31. This represents a 0.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 805 shares of company stock valued at $142,671 in the last three months. Corporate insiders own 0.79% of the company’s stock.
Hedge Funds Weigh In On AeroVironment
Hedge funds have recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in AeroVironment by 64.8% in the 3rd quarter. Allworth Financial LP now owns 1,664 shares of the aerospace company’s stock valued at $237,000 after purchasing an additional 654 shares during the last quarter. Nikulski Financial Inc. increased its holdings in shares of AeroVironment by 11.2% during the 3rd quarter. Nikulski Financial Inc. now owns 11,786 shares of the aerospace company’s stock worth $1,676,000 after buying an additional 1,188 shares during the last quarter. New Mexico Educational Retirement Board increased its holdings in shares of AeroVironment by 21.2% during the 3rd quarter. New Mexico Educational Retirement Board now owns 8,000 shares of the aerospace company’s stock worth $1,138,000 after buying an additional 1,400 shares during the last quarter. Lisanti Capital Growth LLC purchased a new stake in shares of AeroVironment during the 3rd quarter valued at approximately $3,360,000. Finally, Jacobi Capital Management LLC purchased a new stake in shares of AeroVironment during the 3rd quarter valued at approximately $28,000. Institutional investors and hedge funds own 86.38% of the company’s stock.
About AeroVironment
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.
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