AeroVironment (NASDAQ:AVAV) Shares Down 1.7% – Here’s What Happened

by · The Markets Daily

Shares of AeroVironment, Inc. (NASDAQ:AVAV – Get Free Report) dropped 1.7% during trading on Monday . The stock traded as low as $298.53 and last traded at $302.67. Approximately 1,352,308 shares changed hands during trading, a decline of 30% from the average daily volume of 1,934,581 shares. The stock had previously closed at $307.75.

Analysts Set New Price Targets

Several research analysts recently commented on AVAV shares. BNP Paribas Exane assumed coverage on shares of AeroVironment in a research note on Tuesday, November 18th. They set an “outperform” rating and a $355.00 price objective for the company. Raymond James Financial reaffirmed a “strong-buy” rating on shares of AeroVironment in a research report on Tuesday, December 16th. BTIG Research reissued a “buy” rating and issued a $415.00 price objective on shares of AeroVironment in a research report on Monday. Canaccord Genuity Group set a $400.00 target price on AeroVironment in a research note on Wednesday, December 10th. Finally, Citigroup reiterated a “market outperform” rating on shares of AeroVironment in a research note on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.41.

Get Our Latest Stock Analysis on AVAV

AeroVironment Stock Down 1.7%

The firm has a market capitalization of $15.11 billion, a price-to-earnings ratio of -242.14, a price-to-earnings-growth ratio of 4.55 and a beta of 1.16. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.08 and a quick ratio of 4.29. The business has a fifty day moving average price of $286.75 and a two-hundred day moving average price of $293.61.

AeroVironment (NASDAQ:AVAV – Get Free Report) last issued its earnings results on Tuesday, December 9th. The aerospace company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.43). AeroVironment had a negative net margin of 5.08% and a positive return on equity of 3.42%. The firm had revenue of $472.51 million during the quarter, compared to analysts’ expectations of $466.16 million. During the same quarter in the prior year, the company earned $0.47 EPS. AeroVironment’s quarterly revenue was up 150.7% on a year-over-year basis. AeroVironment has set its FY 2026 guidance at 3.400-3.550 EPS. On average, equities analysts expect that AeroVironment, Inc. will post 3.38 earnings per share for the current year.

Insider Activity at AeroVironment

In other news, Director Stephen F. Page sold 1,000 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $377.62, for a total value of $377,620.00. Following the completion of the transaction, the director owned 51,001 shares of the company’s stock, valued at $19,258,997.62. The trade was a 1.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Brian Charles Shackley sold 200 shares of the company’s stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $250.92, for a total value of $50,184.00. Following the completion of the sale, the chief accounting officer owned 5,994 shares in the company, valued at $1,504,014.48. The trade was a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,223 shares of company stock worth $1,092,503 over the last three months. Company insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Chicago Capital LLC acquired a new stake in shares of AeroVironment during the 4th quarter worth approximately $452,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in AeroVironment by 20.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,146 shares of the aerospace company’s stock worth $1,729,000 after buying an additional 1,192 shares in the last quarter. Xcel Wealth Management LLC grew its position in AeroVironment by 7.6% during the fourth quarter. Xcel Wealth Management LLC now owns 4,020 shares of the aerospace company’s stock valued at $972,000 after buying an additional 284 shares during the period. CWM LLC increased its holdings in AeroVironment by 4.1% in the fourth quarter. CWM LLC now owns 2,127 shares of the aerospace company’s stock valued at $515,000 after buying an additional 83 shares in the last quarter. Finally, KBC Group NV increased its holdings in AeroVironment by 108.1% in the fourth quarter. KBC Group NV now owns 1,902 shares of the aerospace company’s stock valued at $501,000 after buying an additional 988 shares in the last quarter. 86.38% of the stock is owned by institutional investors and hedge funds.

AeroVironment Company Profile

(Get Free Report)

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.

Read More