Brokerages Set AeroVironment, Inc. (NASDAQ:AVAV) Price Target at $292.33

Key Points

• AeroVironment, Inc. has received a consensus rating of "Buy" from 18 research firms, with 15 analysts recommending a buy and three a strong buy.
• The company's stock price target averages at $292.33, with recent ratings suggesting potential price targets ranging from $275.00 to $325.00.
• AeroVironment reported significant growth in its last quarter, with a 39.6% increase in revenue year-over-year, surpassing analyst expectations with earnings per share of $1.61.

Shares of AeroVironment, Inc. (NASDAQ:AVAV - Get Free Report) have been assigned a consensus recommendation of "Buy" from the eighteen analysts that are presently covering the company, Marketbeat Ratings reports. Fifteen equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $292.3333.

AVAV has been the subject of a number of research reports. Zacks Research raised shares of AeroVironment from a "strong sell" rating to a "strong-buy" rating in a report on Monday, August 25th. BTIG Research upped their target price on shares of AeroVironment from $225.00 to $300.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. KeyCorp initiated coverage on shares of AeroVironment in a report on Sunday, June 29th. They issued an "overweight" rating for the company. Royal Bank Of Canada upped their target price on shares of AeroVironment from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of AeroVironment in a report on Sunday, June 29th.

Insider Activity

In other news, CEO Wahid Nawabi sold 17,300 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $263.05, for a total value of $4,550,765.00. Following the completion of the transaction, the chief executive officer owned 122,233 shares in the company, valued at $32,153,390.65. This trade represents a 12.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AeroVironment

Institutional investors and hedge funds have recently made changes to their positions in the business. Stephens Investment Management Group LLC boosted its position in shares of AeroVironment by 41.0% in the 1st quarter. Stephens Investment Management Group LLC now owns 763,489 shares of the aerospace company's stock worth $91,000,000 after buying an additional 221,948 shares in the last quarter. Penserra Capital Management LLC boosted its position in shares of AeroVironment by 35.4% in the 1st quarter. Penserra Capital Management LLC now owns 17,873 shares of the aerospace company's stock worth $2,130,000 after buying an additional 4,669 shares in the last quarter. Stephens Inc. AR boosted its position in shares of AeroVironment by 94.8% in the 1st quarter. Stephens Inc. AR now owns 4,415 shares of the aerospace company's stock worth $526,000 after buying an additional 2,148 shares in the last quarter. Bank of America Corp DE boosted its position in shares of AeroVironment by 17.0% in the 4th quarter. Bank of America Corp DE now owns 45,272 shares of the aerospace company's stock worth $6,967,000 after buying an additional 6,589 shares in the last quarter. Finally, Vontobel Holding Ltd. purchased a new stake in shares of AeroVironment in the 1st quarter worth about $1,142,000. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

AeroVironment Trading Down 4.0%

AeroVironment stock traded down $9.62 during midday trading on Friday, reaching $228.61. 50,117 shares of the stock traded hands, compared to its average volume of 816,765. The company has a 50-day simple moving average of $255.22 and a two-hundred day simple moving average of $189.06. AeroVironment has a 12-month low of $102.25 and a 12-month high of $295.90. The firm has a market cap of $11.41 billion, a PE ratio of 149.41 and a beta of 1.02. The company has a current ratio of 3.52, a quick ratio of 2.69 and a debt-to-equity ratio of 0.03.

AeroVironment (NASDAQ:AVAV - Get Free Report) last announced its earnings results on Tuesday, June 24th. The aerospace company reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.20. The company had revenue of $275.05 million during the quarter, compared to analysts' expectations of $242.69 million. AeroVironment had a return on equity of 10.68% and a net margin of 5.32%.AeroVironment's revenue for the quarter was up 39.6% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS. AeroVironment has set its FY 2026 guidance at 2.800-3.000 EPS. Research analysts expect that AeroVironment will post 3.38 earnings per share for the current fiscal year.

About AeroVironment

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.