AeroVironment, Inc. (NASDAQ:AVAV – Get Free Report) shares fell 5.4% during mid-day trading on Monday . The stock traded as low as $178.23 and last traded at $180.61. 593,852 shares were traded during trading, a decline of 64% from the average daily volume of 1,668,482 shares. The stock had previously closed at $190.89.
Key Stories Impacting AeroVironment
Here are the key news stories impacting AeroVironment this week:
- Positive Sentiment: AeroVironment announced a $500 million three-year IDIQ contract for JIATF-401’s Domestic Shield program, expanding its counter-drone and counter-UAS pipeline. AV Awarded $500 million IDIQ for Support of JIATF-401 Domestic Shield Program
- Positive Sentiment: The company also won an $80.5 million Titan MS order under that program, signaling continued demand for its defense systems. AeroVironment (AVAV) Secures $80.5 Million Titan MS Order Under Domestic Shield
- Positive Sentiment: AeroVironment separately landed a $30.9 million contract for Puma systems in Germany’s LARUS reconnaissance program, adding to its international backlog. AV Awarded $30 Million Contract to Provide Puma Systems Stack for Germany’s LARUS Program
- Neutral Sentiment: RBC Capital reiterated an Outperform rating and set a $210 price target, which suggests analysts still see upside despite the recent pullback. AeroVironment (NASDAQ:AVAV) Earns Outperform Rating from Royal Bank Of Canada
- Neutral Sentiment: Separately, commentary noted that the stock’s prior sharp move may have reflected profit-taking after a strong defense-contract rally, not just a change in fundamentals. Why AeroVironment Stock Dived by More Than 20% Last Month
- Negative Sentiment: New and ongoing class-action filings could keep investor sentiment subdued until the allegations are resolved, especially after the stock’s earlier decline tied to the SCAR contract controversy. AVAV Investment Loss: AeroVironment Investors that Lost Money after SCAR Contract Cancellation are Notified to Contact BFA Law about the Filed Securities Fraud Class Action
Analyst Ratings Changes
AVAV has been the subject of a number of analyst reports. Jefferies Financial Group dropped their price objective on AeroVironment from $305.00 to $229.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Wall Street Zen upgraded shares of AeroVironment from a “sell” rating to a “hold” rating in a report on Sunday. UBS Group dropped their price target on shares of AeroVironment from $172.00 to $166.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Robert W. Baird cut their price target on shares of AeroVironment from $260.00 to $235.00 and set an “outperform” rating on the stock in a report on Wednesday, March 11th. Finally, Needham & Company LLC decreased their price objective on shares of AeroVironment from $400.00 to $225.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $277.37.
AeroVironment Price Performance
The company has a market cap of $8.23 billion, a PE ratio of -44.17, a price-to-earnings-growth ratio of 2.67 and a beta of 1.39. The business has a 50 day moving average of $173.68 and a 200 day moving average of $222.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.30 and a quick ratio of 3.59.
AeroVironment (NASDAQ:AVAV – Get Free Report) last issued its quarterly earnings data on Monday, June 29th. The aerospace company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.37. AeroVironment had a negative net margin of 9.00% and a positive return on equity of 3.71%. The business had revenue of $641.62 million for the quarter, compared to the consensus estimate of $555.97 million. During the same period in the previous year, the firm 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, research analysts predict that AeroVironment, Inc. will post 3.39 EPS for the current year.
Insider Buying and Selling
In other AeroVironment news, Director Stephen F. Page sold 250 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $174.41, for a total value of $43,602.50. Following the completion of the sale, the director directly owned 49,001 shares in the company, valued at $8,546,264.41. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 750 shares of company stock valued at $133,502 in the last ninety days. Company insiders own 0.81% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. F m Investments LLC bought a new position in shares of AeroVironment in the 4th quarter worth about $1,775,000. Norges Bank purchased a new stake in AeroVironment in the fourth quarter worth about $94,655,000. Geode Capital Management LLC increased its stake in shares of AeroVironment by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 884,395 shares of the aerospace company’s stock valued at $213,956,000 after purchasing an additional 71,903 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of AeroVironment by 92.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 20,173 shares of the aerospace company’s stock valued at $5,168,000 after purchasing an additional 9,675 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its position in shares of AeroVironment by 289.9% in the 4th quarter. GW&K Investment Management LLC now owns 222,055 shares of the aerospace company’s stock worth $53,714,000 after purchasing an additional 165,106 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.
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