AeroVironment (NASDAQ:AVAV) Stock Price Down 4.1% – What’s Next?
by Teresa Graham · The Cerbat GemAeroVironment, Inc. (NASDAQ:AVAV – Get Free Report)’s share price traded down 4.1% during mid-day trading on Friday. The company traded as low as $152.03 and last traded at $152.05. Approximately 1,285,994 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 1,680,727 shares. The stock had previously closed at $158.55.
Analyst Ratings Changes
AVAV has been the subject of a number of recent analyst reports. BTIG Research restated a “buy” rating and set a $205.00 price target on shares of AeroVironment in a research report on Thursday, September 10th. Stifel Nicolaus lowered their target price on shares of AeroVironment from $315.00 to $220.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Piper Sandler decreased their price target on shares of AeroVironment from $248.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Canaccord Genuity Group dropped their price target on AeroVironment from $280.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Finally, Raymond James Financial upgraded AeroVironment from a “market perform” rating to an “outperform” rating and set a $210.00 target price for the company in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, AeroVironment has a consensus rating of “Moderate Buy” and a consensus price target of $238.89.
Read Our Latest Analysis on AeroVironment
AeroVironment Stock Performance
The company has a 50-day simple moving average of $158.53 and a two-hundred day simple moving average of $173.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.33 and a current ratio of 4.26. The firm has a market capitalization of $7.73 billion, a P/E ratio of -64.98, a PEG ratio of 2.46 and a beta of 1.41.
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, beating analysts’ consensus estimates of $0.22 by $0.37. AeroVironment had a negative net margin of 5.77% and a positive return on equity of 4.04%. The company had revenue of $480.49 million during the quarter, compared to analysts’ expectations of $451.95 million. During the same period last year, the company posted $0.32 EPS. AeroVironment’s revenue was up 5.7% on a year-over-year basis. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. As a group, equities analysts forecast that AeroVironment, Inc. will post 3.25 EPS for the current year.
Insider Buying and Selling
In other news, Director Stephen F. Page sold 250 shares of the company’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 transaction, the director owned 48,253 shares in the company, valued at approximately $7,347,484.31. This represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Brian Shackley sold 205 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $201.86, for a total value of $41,381.30. Following the transaction, the chief accounting officer directly owned 7,888 shares in the company, valued at approximately $1,592,271.68. The trade was a 2.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 805 shares of company stock worth $142,671. Insiders own 0.79% of the company’s stock.
Hedge Funds Weigh In On AeroVironment
Several hedge funds and other institutional investors have recently modified their holdings of AVAV. Capital Analysts LLC lifted its position in shares of AeroVironment by 16.8% during the 2nd quarter. Capital Analysts LLC now owns 2,019 shares of the aerospace company’s stock valued at $333,000 after buying an additional 291 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in AeroVironment in the 2nd quarter worth $59,000. IFP Advisors Inc boosted its stake in shares of AeroVironment by 31.4% in the second quarter. IFP Advisors Inc now owns 6,084 shares of the aerospace company’s stock worth $1,004,000 after acquiring an additional 1,455 shares during the period. Nykredit A S bought a new stake in AeroVironment during the 2nd quarter valued at approximately $176,000. Finally, Parkside Financial Bank & Trust raised its stake in AeroVironment by 119.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 387 shares of the aerospace company’s stock valued at $64,000 after purchasing an additional 211 shares during the period. 86.38% of the stock is owned by institutional investors.
AeroVironment Company Profile
AeroVironment, Inc is a defense technology company that develops and produces unmanned aircraft systems, loitering munitions, counter-unmanned aircraft systems and related robotic technologies. Its products are designed for intelligence, surveillance and reconnaissance, precision strike, force protection and tactical communications applications.
The company’s portfolio includes the Raven, Puma and Wasp small unmanned aircraft systems; the JUMP 20 vertical takeoff and landing aircraft; and the Switchblade family of loitering munitions.
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