AeroVironment (NASDAQ:AVAV) Receives "Buy" Rating from BTIG Research

Key Points

• AeroVironment's stock received a "Buy" rating from BTIG Research, with a target price of $300.00, indicating a potential upside of 5.44% from its previous close.
• The company reported quarterly earnings of $0.32 per share, missing estimates, but had significant revenue of $454.68 million, up 140% year-over-year.
• AeroVironment's consensus rating stands at "Buy" with an average price target of $292.92, supported by multiple investment firms giving favorable ratings.

AeroVironment (NASDAQ:AVAV - Get Free Report)'s stock had its "buy" rating reiterated by BTIG Research in a report issued on Friday,Benzinga reports. They presently have a $300.00 target price on the aerospace company's stock. BTIG Research's price objective suggests a potential upside of 5.44% from the stock's previous close.

AVAV has been the subject of a number of other reports. William Blair reiterated an "outperform" rating on shares of AeroVironment in a report on Tuesday. Citizens Jmp assumed coverage on AeroVironment in a research report on Monday, August 4th. They set a "strong-buy" rating and a $325.00 price target for the company. Canaccord Genuity Group began coverage on AeroVironment in a research report on Monday, August 11th. They issued a "buy" rating and a $305.00 price objective on the stock. Oppenheimer restated an "outperform" rating on shares of AeroVironment in a report on Sunday, June 29th. Finally, Raymond James Financial set a $225.00 price target on AeroVironment and gave the stock a "strong-buy" rating in a research note on Wednesday, June 25th. Three investment analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $292.92.

AeroVironment Price Performance

NASDAQ:AVAV traded up $1.11 during mid-day trading on Friday, reaching $284.54. The stock had a trading volume of 655,281 shares, compared to its average volume of 856,106. The stock has a market capitalization of $14.21 billion, a P/E ratio of -444.45 and a beta of 1.02. AeroVironment has a one year low of $102.25 and a one year high of $295.90. The firm has a 50 day moving average price of $254.16 and a two-hundred day moving average price of $196.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 5.12 and a current ratio of 5.96.

AeroVironment (NASDAQ:AVAV - Get Free Report) last posted its quarterly earnings results on Tuesday, September 9th. The aerospace company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The business had revenue of $454.68 million during the quarter, compared to the consensus estimate of $446.16 million. AeroVironment had a positive return on equity of 4.67% and a negative net margin of 4.14%.The business's revenue for the quarter was up 140.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 earnings per share. AeroVironment has set its FY 2026 guidance at 3.600-3.70 EPS. As a group, analysts expect that AeroVironment will post 3.38 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On AeroVironment

A number of large investors have recently added to or reduced their stakes in AVAV. Bank of America Corp DE raised its holdings in AeroVironment by 17.0% in the 4th quarter. Bank of America Corp DE now owns 45,272 shares of the aerospace company's stock valued at $6,967,000 after acquiring an additional 6,589 shares in the last quarter. Cetera Investment Advisers grew its holdings in AeroVironment by 98.1% during the fourth quarter. Cetera Investment Advisers now owns 4,246 shares of the aerospace company's stock valued at $653,000 after purchasing an additional 2,103 shares during the period. Focus Partners Wealth acquired a new stake in AeroVironment during the 4th quarter worth $201,000. Royal Bank of Canada grew its position in shares of AeroVironment by 6.5% in the 4th quarter. Royal Bank of Canada now owns 108,265 shares of the aerospace company's stock valued at $16,660,000 after purchasing an additional 6,587 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in AeroVironment by 5.5% in the 4th quarter. Mackenzie Financial Corp now owns 1,601 shares of the aerospace company's stock worth $246,000 after purchasing an additional 83 shares during the period. Institutional investors own 86.38% of the company's stock.

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.

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