AeroVironment (NASDAQ:AVAV) Research Coverage Started at Oppenheimer

Oppenheimer began coverage on shares of AeroVironment (NASDAQ:AVAV – Free Report) in a research report report published on Thursday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $205.00 target price on the aerospace company’s stock.

AVAV has been the topic of several other research reports. The Goldman Sachs Group set a $285.00 target price on shares of AeroVironment in a research note on Thursday, September 17th. Wedbush started coverage on shares of AeroVironment in a research note on Tuesday, June 30th. They set an “outperform” rating and a $250.00 price target for the company. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research note on Wednesday, July 15th. Wolfe Research downgraded shares of AeroVironment to a “buy” rating in a report on Tuesday, June 30th. Finally, Wall Street Zen raised shares of AeroVironment from a “sell” rating to a “hold” rating in a research report on Sunday, July 5th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $224.81.

View Our Latest Report on AVAV

AeroVironment Stock Performance

NASDAQ:AVAV opened at $123.25 on Thursday. The stock’s fifty day moving average is $145.01 and its 200 day moving average is $163.18. AeroVironment has a fifty-two week low of $113.15 and a fifty-two week high of $408.25. The firm has a market capitalization of $6.26 billion, a PE ratio of -52.67, a PEG ratio of 1.94 and a beta of 1.36. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. AeroVironment’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $0.32 earnings per share. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. On average, sell-side analysts anticipate that AeroVironment will post 3.27 earnings per share for the current year.

Insiders Place Their Bets

In other AeroVironment news, CAO Brian Shackley sold 205 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $201.86, for a total value of $41,381.30. Following the transaction, the chief accounting officer owned 7,888 shares of the company’s stock, valued at $1,592,271.68. This represents a 2.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen F. Page sold 250 shares of the stock in a transaction on Tuesday, September 15th. The stock was 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 approximately $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. In the last 90 days, insiders have sold 805 shares of company stock valued at $142,671. 0.79% of the stock is owned by company insiders.

Institutional Trading of AeroVironment

Large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of AeroVironment in the second quarter worth about $574,566,000. Stephens Investment Management Group LLC lifted its holdings in AeroVironment by 18.8% during the 1st 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 in the last quarter. Congress Asset Management Co. lifted its holdings in AeroVironment by 20.1% during the 3rd quarter. Congress Asset Management Co. now owns 595,134 shares of the aerospace company’s stock valued at $84,640,000 after buying an additional 99,494 shares in the last quarter. American Capital Management Inc. bought a new stake in AeroVironment during the 2nd quarter valued at about $69,745,000. Finally, Bank of America Corp DE purchased a new stake in AeroVironment in the 2nd quarter valued at about $67,549,000. 86.38% of the stock is owned by hedge funds and other institutional investors.

AeroVironment Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for AeroVironment (NASDAQ:AVAV)

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