AeroVironment (NASDAQ:AVAV) Stock Gets Price Target Cut from Citizens Jmp

AeroVironment (NASDAQ:AVAV) had its price target reduced by Citizens Jmp from $230.00 to $170.00 in a research note released on Monday,Benzinga reports. They currently have a market outperform rating on the aerospace company’s stock.

Several other brokerages also recently weighed in on AVAV. KeyCorp reiterated an “overweight” rating on shares of AeroVironment in a report on Tuesday, July 28th. Rothschild & Co Redburn assumed coverage on shares of AeroVironment in a research report on Tuesday, October 6th. They set a “neutral” rating and a $165.00 price target for the company. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a report on Wednesday, July 15th. Jefferies Financial Group cut their price objective on shares of AeroVironment from $229.00 to $204.00 and set a “buy” rating on the stock in a research note on Wednesday, September 16th. Finally, Stifel Nicolaus reduced their target price on shares of AeroVironment from $315.00 to $220.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $225.80.

AeroVironment Stock Down 0.1%

AeroVironment stock opened at $117.51 on Monday. The business’s 50-day simple moving average is $147.84 and its two-hundred day simple moving average is $163.93. 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 company has a market cap of $5.97 billion, a PE ratio of -50.22, a PEG ratio of 1.85 and a beta of 1.36. AeroVironment has a fifty-two week low of $115.66 and a fifty-two week high of $408.25.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Wednesday, September 9th. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.37. AeroVironment had a positive return on equity of 4.04% and a negative net margin of 5.77%. The firm had revenue of $480.49 million during the quarter, compared to analysts’ expectations of $451.95 million. During the same period last year, the business posted $0.32 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. Equities analysts anticipate that AeroVironment will post 3.26 EPS for the current year.

Insider Activity

In other AeroVironment news, Director Stephen F. Page sold 250 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $152.27, for a total transaction 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 document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Brian Shackley sold 205 shares of the stock in a transaction that occurred 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 in the company, valued at $1,592,271.68. This represents a 2.53% decrease in their position. 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. In the last 90 days, insiders sold 805 shares of company stock valued at $142,671. 0.79% of the stock is owned by company insiders.

Institutional Trading of AeroVironment

A number of institutional investors and hedge funds have recently made changes to their positions in AVAV. Sunbelt Securities Inc. acquired a new position in shares of AeroVironment during the 1st quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of AeroVironment during the 1st quarter valued at approximately $28,000. MidFirst Bank purchased a new position in shares of AeroVironment during the 4th quarter valued at approximately $40,000. Toth Financial Advisory Corp acquired a new stake in AeroVironment in the 2nd quarter valued at $33,000. Finally, Western Wealth Management LLC acquired a new stake in AeroVironment in the 1st quarter valued at $37,000. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

AeroVironment Company Profile

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.