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

Key Points

• Director Stephen Page sold 250 AeroVironment shares at an average price of $191.98, totaling $47,995. The Rule 10b5-1 transaction reduced his direct holdings by 0.51% to 48,503 shares.
• AVAV shares fell 0.8% to $172.74, while the company’s latest quarterly results exceeded expectations: adjusted EPS was $1.84 versus estimates of $1.47, and revenue rose 133.3% year over year to $641.62 million.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $266.68, although several firms recently lowered their targets. Institutional investors hold 86.38% of AeroVironment’s outstanding shares.

AeroVironment, Inc. (NASDAQ:AVAV - Get Free Report) Director Stephen Page sold 250 shares of the company'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 completion of 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 position. The sale was disclosed in a 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.

AeroVironment Trading Down 0.8%

Shares of AVAV stock traded down $1.40 during mid-day trading on Wednesday, reaching $172.74. 1,001,530 shares of the stock traded hands, compared to its average volume of 1,218,917. The company has a market cap of $8.78 billion, a price-to-earnings ratio of -46.94, a price-to-earnings-growth ratio of 5.92 and a beta of 1.41. The company has a quick ratio of 3.59, a current ratio of 4.30 and a debt-to-equity ratio of 0.17. The stock's fifty day simple moving average is $162.49 and its two-hundred day simple moving average is $191.61. AeroVironment, Inc. has a 1-year low of $135.20 and a 1-year high of $417.86.

AeroVironment (NASDAQ:AVAV - Get Free Report) last issued 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. AeroVironment had a negative net margin of 9.00% and a positive return on equity of 3.71%. The business had revenue of $641.62 million during the quarter, compared to analyst estimates of $555.97 million. During the same quarter last year, the business earned $1.61 EPS. The firm's quarterly revenue was up 133.3% on a year-over-year basis. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. On average, research analysts anticipate that AeroVironment, Inc. will post 3.26 EPS for the current fiscal year.

Institutional Investors Weigh In On AeroVironment

Several large investors have recently modified their holdings of AVAV. NewEdge Wealth LLC increased its position in shares of AeroVironment by 1.1% during 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. boosted its holdings in shares of AeroVironment by 3.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 1,081 shares of the aerospace company's stock worth $261,000 after buying an additional 39 shares during the last quarter. Parkside Financial Bank & Trust grew its position in AeroVironment by 29.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 188 shares of the aerospace company's stock valued at $45,000 after buying an additional 43 shares during the period. Family Legacy Inc. increased its holdings in AeroVironment by 2.2% during the fourth 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 last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in AeroVironment by 73.8% during the fourth 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 last quarter. Hedge funds and other institutional investors own 86.38% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on AVAV. Canaccord Genuity Group decreased their target price on AeroVironment from $280.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, July 10th. Stifel Nicolaus cut their price objective on shares of AeroVironment from $315.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, June 30th. Royal Bank Of Canada lowered AeroVironment from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from $210.00 to $180.00 in a research report on Thursday, July 9th. KeyCorp reaffirmed an "overweight" rating on shares of AeroVironment in a report on Tuesday, July 28th. Finally, Clear Str upgraded shares of AeroVironment to a "strong-buy" rating in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.

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