AeroVironment (NASDAQ:AVAV) Director Stephen Page Sells 250 Shares of Stock

AeroVironment, Inc. (NASDAQ:AVAV) Director Stephen Page sold 250 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $191.98, for a total value of $47,995.00. Following the sale, the director directly owned 48,503 shares of the company’s stock, valued at $9,311,605.94. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AeroVironment Stock Performance

Shares of AVAV stock opened at $172.74 on Thursday. The firm has a market cap of $8.78 billion, a P/E ratio of -46.94, a P/E/G ratio of 5.92 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.59 and a current ratio of 4.30. AeroVironment, Inc. has a one year low of $135.20 and a one year high of $417.86. The firm’s 50 day moving average price is $162.49 and its 200-day moving average price is $191.61.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Monday, June 29th. The aerospace company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.37. The company had revenue of $641.62 million during the quarter, compared to analysts’ expectations of $555.97 million. AeroVironment had a positive return on equity of 3.71% and a negative net margin of 9.00%.AeroVironment’s revenue for the quarter was up 133.3% on a year-over-year basis. During the same period last year, the business posted $1.61 EPS. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. As a group, equities research analysts predict that AeroVironment, Inc. will post 3.26 EPS for the current year.

Hedge Funds Weigh In On AeroVironment

A number of large investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. acquired a new position in AeroVironment in the first quarter worth about $25,000. Hilton Head Capital Partners LLC acquired a new position in shares of AeroVironment during the fourth quarter valued at $26,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of AeroVironment in the first quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. boosted its position in AeroVironment by 90.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 133 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 63 shares during the period. Finally, Toth Financial Advisory Corp bought a new position in AeroVironment in the 2nd quarter valued at about $33,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Analysts Set New Price Targets

AVAV has been the topic of several research analyst reports. Citizens Jmp cut their price target on shares of AeroVironment from $350.00 to $230.00 and set a “market outperform” rating on the stock in a research note on Friday, July 10th. Clear Str upgraded AeroVironment to a “strong-buy” rating in a research note on Wednesday, April 29th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective on shares of AeroVironment in a report on Thursday, July 9th. Zacks Research upgraded shares of AeroVironment from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research note on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $266.68.

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.