AeroVironment (NASDAQ:AVAV) Shares Down 1.1% - What's Next?

Key Points

• AeroVironment's stock price declined by 1.1%, trading between $232.00 and $238.70, with trading volume down 85% from the average session.
• Analysts have a positive outlook on AeroVironment, with three firms giving a Strong Buy rating and a consensus price target of $292.33.
• The company's recent quarterly earnings beat estimates with a reported $1.61 earnings per share and revenue of $275.05 million, a 39.6% increase year-over-year.

AeroVironment, Inc. (NASDAQ:AVAV - Get Free Report)'s stock price traded down 1.1% on Tuesday . The company traded as low as $232.00 and last traded at $238.70. 119,153 shares were traded during mid-day trading, a decline of 85% from the average session volume of 821,243 shares. The stock had previously closed at $241.35.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of AeroVironment in a report on Monday, June 30th. They issued a "buy" rating and a $301.00 target price on the stock. Oppenheimer reaffirmed an "outperform" rating on shares of AeroVironment in a report on Sunday, June 29th. Canaccord Genuity Group started coverage on shares of AeroVironment in a research report on Monday, August 11th. They issued a "buy" rating and a $305.00 price objective for the company. Cantor Fitzgerald assumed coverage on shares of AeroVironment in a report on Tuesday, July 8th. They issued an "overweight" rating and a $335.00 price target for the company. Finally, JMP Securities restated a "market outperform" rating and set a $325.00 target price on shares of AeroVironment in a research note on Monday, August 18th. Three investment analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $292.33.

AeroVironment Stock Down 0.1%

The firm's 50 day moving average price is $254.22 and its two-hundred day moving average price is $188.36. The company has a market cap of $12.04 billion, a P/E ratio of 155.20 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.69 and a current ratio of 3.52.

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

Insider Buying and Selling

In other AeroVironment news, CEO Wahid Nawabi sold 17,300 shares of the business's 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 in the company, valued at approximately $32,153,390.65. The trade was a 12.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.81% of the company's stock.

Institutional Trading of AeroVironment

Several institutional investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of AeroVironment by 21.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 237 shares of the aerospace company's stock worth $68,000 after acquiring an additional 42 shares in the last quarter. Amalgamated Bank grew its stake in shares of AeroVironment by 0.6% in the 2nd quarter. Amalgamated Bank now owns 8,023 shares of the aerospace company's stock worth $2,286,000 after acquiring an additional 44 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of AeroVironment by 60.3% in the 2nd quarter. Bessemer Group Inc. now owns 117 shares of the aerospace company's stock worth $33,000 after acquiring an additional 44 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of AeroVironment by 1.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,885 shares of the aerospace company's stock worth $822,000 after acquiring an additional 48 shares in the last quarter. Finally, Redwood Investments LLC grew its stake in shares of AeroVironment by 0.7% in the 4th quarter. Redwood Investments LLC now owns 9,273 shares of the aerospace company's stock worth $1,427,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 86.38% of the company's stock.

AeroVironment Company Profile

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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