AeroVironment (NASDAQ:AVAV) Trading 4.4% Higher – Here’s What Happened

AeroVironment, Inc. (NASDAQ:AVAVGet Free Report)’s stock price rose 4.4% during trading on Tuesday . The company traded as high as $150.74 and last traded at $148.84. Approximately 1,570,109 shares traded hands during trading, a decline of 7% from the average daily volume of 1,679,467 shares. The stock had previously closed at $142.60.

More AeroVironment News

Here are the key news stories impacting AeroVironment this week:

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wedbush initiated coverage on shares of AeroVironment in a research note on Tuesday, June 30th. They issued an “outperform” rating and a $250.00 target price on the stock. Piper Sandler decreased their price objective on AeroVironment from $248.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research note on Wednesday, July 15th. Clear Str upgraded AeroVironment to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of AeroVironment in a research report on Thursday, July 9th. Two 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $266.68.

Get Our Latest Stock Report on AVAV

AeroVironment Stock Up 5.8%

The business’s 50 day moving average price is $167.08 and its 200-day moving average price is $214.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.30 and a quick ratio of 3.59. The company has a market cap of $8.05 billion, a P/E ratio of -43.43, a PEG ratio of 5.06 and a beta of 1.39.

AeroVironment (NASDAQ:AVAVGet Free Report) last released its quarterly earnings results on Monday, June 29th. The aerospace company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.37. AeroVironment had a positive return on equity of 3.71% and a negative net margin of 9.00%.The business had revenue of $641.62 million for the quarter, compared to analyst estimates of $555.97 million. During the same period in the prior year, the company earned $1.61 EPS. AeroVironment’s revenue for the quarter was up 133.3% on a year-over-year basis. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. On average, analysts anticipate that AeroVironment, Inc. will post 3.26 earnings per share for the current fiscal year.

Insider Buying and Selling at AeroVironment

In related news, Director Stephen F. Page sold 250 shares of AeroVironment stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $174.41, for a total value of $43,602.50. Following the completion of the transaction, the director directly owned 49,001 shares of the company’s stock, valued at $8,546,264.41. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On AeroVironment

A number of institutional investors have recently modified their holdings of the stock. Hilton Head Capital Partners LLC bought a new stake in shares of AeroVironment during the fourth quarter valued at approximately $26,000. Tema Etfs LLC bought a new position in AeroVironment in the 4th quarter worth approximately $26,000. National Bank of Canada FI lifted its holdings in AeroVironment by 230.3% during the 3rd quarter. National Bank of Canada FI now owns 109 shares of the aerospace company’s stock worth $34,000 after buying an additional 76 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in AeroVironment by 90.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 133 shares of the aerospace company’s stock valued at $32,000 after buying an additional 63 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new position in AeroVironment in the 1st quarter valued at $25,000. 86.38% of the stock is owned by institutional investors.

About AeroVironment

(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.

Further Reading

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