AeroVironment (NASDAQ:AVAV) Shares Down 7.5% – What’s Next?

AeroVironment, Inc. (NASDAQ:AVAV)’s share price fell 7.5% during mid-day trading on Monday . The stock traded as low as $148.14 and last traded at $148.20. 1,225,457 shares traded hands during trading, a decline of 24% from the average session volume of 1,613,946 shares. The stock had previously closed at $160.22.

Wall Street Analyst Weigh In

AVAV has been the subject of several recent research reports. Citizens Jmp reduced their price target on shares of AeroVironment from $350.00 to $230.00 and set a “market outperform” rating for the company in a report on Friday, July 10th. BTIG Research reissued a “buy” rating and set a $205.00 price objective on shares of AeroVironment in a report on Thursday, July 9th. Zacks Research raised shares of AeroVironment from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Canaccord Genuity Group lowered their target price on AeroVironment from $280.00 to $240.00 and set a “buy” rating for the company in a report on Friday, July 10th. Finally, Citigroup restated a “market outperform” rating on shares of AeroVironment in a report on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $266.68.

AeroVironment Stock Down 7.5%

The firm has a market capitalization of $7.53 billion, a P/E ratio of -40.27, a PEG ratio of 5.45 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. The business’s fifty day moving average price is $161.80 and its two-hundred day moving average price is $190.00.

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

Insider Activity at AeroVironment

In other AeroVironment news, Director Stephen F. Page sold 250 shares of AeroVironment stock in a transaction on Monday, August 17th. The shares were sold at an average price of $191.98, for a total value of $47,995.00. Following the transaction, the director directly owned 48,503 shares of the company’s stock, valued at approximately $9,311,605.94. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Brian Charles Shackley sold 205 shares of the company’s stock in a transaction 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 directly owned 7,888 shares in the company, valued at approximately $1,592,271.68. The trade was a 2.53% decrease in their ownership of the stock. 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. Over the last 90 days, insiders sold 705 shares of company stock valued at $132,979. 0.81% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Wealth LLC lifted its stake in shares of AeroVironment by 1.1% in the 4th quarter. NewEdge Wealth LLC now owns 3,709 shares of the aerospace company’s stock valued at $897,000 after purchasing an additional 39 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in shares of AeroVironment by 3.7% during the 4th quarter. J.W. Cole Advisors Inc. now owns 1,081 shares of the aerospace company’s stock worth $261,000 after purchasing an additional 39 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of AeroVironment by 29.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 188 shares of the aerospace company’s stock worth $45,000 after purchasing an additional 43 shares during the last quarter. Family Legacy Inc. raised its holdings in AeroVironment by 2.2% in the 4th quarter. Family Legacy Inc. now owns 2,326 shares of the aerospace company’s stock valued at $563,000 after buying an additional 51 shares during the period. Finally, TD Waterhouse Canada Inc. raised its holdings in AeroVironment by 73.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 139 shares of the aerospace company’s stock valued at $34,000 after buying an additional 59 shares during the period. 86.38% of the stock is owned by institutional investors and hedge funds.

AeroVironment Company Profile

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.