AeroVironment (NASDAQ:AVAV) Trading Down 3.4% – Here’s What Happened
by Tristan Rich · The Markets DailyAeroVironment, Inc. (NASDAQ:AVAV – Get Free Report)’s stock price was down 3.4% during trading on Wednesday . The stock traded as low as $302.01 and last traded at $319.63. Approximately 2,821,183 shares were traded during trading, an increase of 34% from the average daily volume of 2,098,353 shares. The stock had previously closed at $330.89.
Analysts Set New Price Targets
A number of research firms recently weighed in on AVAV. Citigroup reaffirmed a “market outperform” rating on shares of AeroVironment in a research report on Monday, January 12th. Robert W. Baird raised their price target on AeroVironment from $267.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Cantor Fitzgerald dropped their price target on shares of AeroVironment from $335.00 to $315.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. BNP Paribas Exane began coverage on shares of AeroVironment in a research report on Tuesday, November 18th. They set an “outperform” rating and a $355.00 price objective on the stock. Finally, Canaccord Genuity Group set a $400.00 target price on shares of AeroVironment in a report on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $375.41.
Check Out Our Latest Research Report on AVAV
AeroVironment Price Performance
The stock has a market capitalization of $15.96 billion, a P/E ratio of -255.70, a PEG ratio of 5.80 and a beta of 1.16. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.08. The firm has a fifty day moving average price of $286.16 and a two-hundred day moving average price of $292.03.
AeroVironment (NASDAQ:AVAV – Get Free Report) last released its quarterly earnings results on Tuesday, December 9th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.43). The firm had revenue of $472.51 million for the quarter, compared to the consensus estimate of $466.16 million. AeroVironment had a negative net margin of 5.08% and a positive return on equity of 3.42%. The company’s revenue for the quarter was up 150.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 earnings per share. AeroVironment has set its FY 2026 guidance at 3.400-3.550 EPS. As a group, analysts expect that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.
Insider Transactions at AeroVironment
In related news, CFO Kevin Patrick Mcdonnell sold 999 shares of the firm’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $367.60, for a total value of $367,232.40. Following the transaction, the chief financial officer directly owned 17,301 shares of the company’s stock, valued at approximately $6,359,847.60. This trade represents a 5.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen F. Page sold 1,000 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $377.62, for a total value of $377,620.00. Following the sale, the director directly owned 51,001 shares of the company’s stock, valued at $19,258,997.62. This represents a 1.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,223 shares of company stock worth $1,092,503 in the last three months. Corporate insiders own 0.81% of the company’s stock.
Hedge Funds Weigh In On AeroVironment
Several large investors have recently added to or reduced their stakes in AVAV. N.E.W. Advisory Services LLC increased its stake in shares of AeroVironment by 60.0% in the third quarter. N.E.W. Advisory Services LLC now owns 80 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 30 shares in the last quarter. AlphaQuest LLC purchased a new stake in AeroVironment in the 3rd quarter worth $25,000. Tema Etfs LLC purchased a new stake in AeroVironment in the 4th quarter worth $26,000. ORG Partners LLC raised its holdings in AeroVironment by 296.0% during the second quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 74 shares during the period. Finally, RMG Wealth Management LLC purchased a new position in shares of AeroVironment in the second quarter valued at about $28,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.
About AeroVironment
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.