AeroVironment (NASDAQ:AVAV) Trading Up 1.4% – What’s Next?

AeroVironment, Inc. (NASDAQ:AVAV) rose 1.4% on Tuesday . The company traded as high as $156.48 and last traded at $156.35. 1,034,942 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 1,667,489 shares. The stock had previously closed at $154.24.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AVAV. Clear Str raised AeroVironment to a “strong-buy” rating in a research report on Wednesday, April 29th. Citizens Jmp lowered their target price on shares of AeroVironment from $350.00 to $230.00 and set a “market outperform” rating for the company in a research note on Friday, July 10th. UBS Group reissued a “buy” rating on shares of AeroVironment in a report on Thursday, July 9th. Wolfe Research downgraded shares of AeroVironment to a “buy” rating in a research report on Tuesday, June 30th. Finally, Wedbush started coverage on shares of AeroVironment in a report on Tuesday, June 30th. They issued an “outperform” rating and a $250.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, AeroVironment presently has a consensus rating of “Moderate Buy” and an average target price of $266.68.

AeroVironment Price Performance

The company has a current ratio of 4.30, a quick ratio of 3.59 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $166.63 and a two-hundred day moving average price of $211.71. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of -42.49, a PEG ratio of 5.08 and a beta of 1.39.

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

Insider Transactions at AeroVironment

In other news, Director Stephen F. Page sold 250 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $174.41, for a total transaction of $43,602.50. Following the completion of the transaction, the director owned 49,001 shares of the company’s stock, valued at approximately $8,546,264.41. 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 can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.81% of the company’s stock.

Institutional Trading of AeroVironment

A number of large investors have recently modified their holdings of AVAV. Tema ETFs LLC boosted its stake in AeroVironment by 140.0% during the 2nd quarter. Tema ETFs LLC now owns 648 shares of the aerospace company’s stock valued at $107,000 after purchasing an additional 378 shares during the period. Canvas Wealth Advisors LLC raised its holdings in shares of AeroVironment by 47.4% during the second quarter. Canvas Wealth Advisors LLC now owns 13,392 shares of the aerospace company’s stock valued at $2,211,000 after buying an additional 4,309 shares during the last quarter. Vista Investment Partners LLC boosted its position in shares of AeroVironment by 22.3% during the second quarter. Vista Investment Partners LLC now owns 16,451 shares of the aerospace company’s stock worth $2,716,000 after buying an additional 2,996 shares during the period. Tactive Advisors LLC bought a new position in AeroVironment in the 2nd quarter worth approximately $260,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in AeroVironment by 25.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 18,115 shares of the aerospace company’s stock worth $2,990,000 after buying an additional 3,698 shares in the last quarter. Institutional investors and hedge funds 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.