AeroVironment (NASDAQ:AVAV) Trading Down 5.4% – Here’s Why

Shares of AeroVironment, Inc. (NASDAQ:AVAV) were down 5.4% on Monday . The stock traded as low as $178.23 and last traded at $180.61. Approximately 593,852 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 1,668,482 shares. The stock had previously closed at $190.89.

Trending Headlines about AeroVironment

Here are the key news stories impacting AeroVironment this week:

• Positive Sentiment: AeroVironment announced a three-year, $500 million sole-source IDIQ contract tied to JIATF-401’s Domestic Shield Program, expanding its counter-drone and counter-small-UAS opportunities. AV Awarded $500 million IDIQ for Support of JIATF-401 Domestic Shield Program
• Positive Sentiment: The company also said JIATF-401 selected its Titan™ MS system for an $80.5 million award, reinforcing demand for AeroVironment’s multi-sensor and robotics technologies. AV’s Titan™ Selected by JIATF-401 for $80.5 m Award
• Neutral Sentiment: Investors are still watching the company’s strong fiscal Q1 results, which showed revenue up 133% year over year and an adjusted EPS beat, helping fuel recent momentum in the shares. AeroVironment Posted Solid Earnings and the Stock Reacted Sharply Higher. If You Can Tolerate Risk, Buy Here.
• Negative Sentiment: Ongoing securities-fraud class action notices and lead-plaintiff deadline reminders continue to hang over AVAV, creating legal uncertainty that could weigh on sentiment. AVAV Investors Have Opportunity to Lead AeroVironment, Inc. Securities Fraud Lawsuit with the Schall Law Firm

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AVAV shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AeroVironment in a research report on Monday, June 8th. UBS Group cut their price target on shares of AeroVironment from $172.00 to $166.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. BTIG Research restated a “buy” rating and set a $205.00 price target on shares of AeroVironment in a research report on Tuesday, June 30th. Wedbush assumed coverage on shares of AeroVironment in a research report on Tuesday, June 30th. They set an “outperform” rating and a $250.00 price target for the company. Finally, KeyCorp decreased their price objective on shares of AeroVironment from $295.00 to $220.00 and set an “overweight” rating for the company in a report on Friday, June 26th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, AeroVironment presently has an average rating of “Moderate Buy” and an average target price of $277.37.

AeroVironment Trading Down 4.2%

The firm has a 50 day simple moving average of $174.86 and a 200 day simple moving average of $223.44. 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 firm has a market cap of $9.25 billion, a P/E ratio of -49.86, a P/E/G ratio of 2.86 and a beta of 1.39.

AeroVironment (NASDAQ:AVAV) last posted its earnings results on Monday, June 29th. The aerospace company reported $1.84 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $555.97 million. During the same quarter in the previous year, the firm earned $1.61 EPS. The company’s quarterly revenue was up 133.3% compared to the same quarter last year. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. On average, equities research analysts predict that AeroVironment, Inc. will post 3.43 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Stephen F. Page sold 250 shares of the business’s stock in a transaction that occurred 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 Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 750 shares of company stock worth $133,502 over the last three months. 0.81% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Groupama Asset Managment purchased a new position in shares of AeroVironment during the 3rd quarter valued at $314,890,000. Norges Bank purchased a new stake in shares of AeroVironment in the fourth quarter worth $94,655,000. CIBC Private Wealth Group LLC boosted its stake in AeroVironment by 24,798.7% during the third quarter. CIBC Private Wealth Group LLC now owns 315,716 shares of the aerospace company’s stock valued at $99,416,000 after buying an additional 314,448 shares during the period. Swedbank AB boosted its stake in AeroVironment by 22,773.4% during the fourth quarter. Swedbank AB now owns 261,214 shares of the aerospace company’s stock valued at $63,185,000 after buying an additional 260,072 shares during the period. Finally, Marshall Wace LLP grew its position in AeroVironment by 4,770.1% during the fourth quarter. Marshall Wace LLP now owns 260,207 shares of the aerospace company’s stock worth $62,941,000 after buying an additional 254,864 shares in the last quarter. 86.38% of the stock is owned by institutional investors.

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.