AeroVironment, Inc. (NASDAQ:AVAV - Get Free Report)'s share price shot up 3.4% during mid-day trading on Monday . The stock traded as high as $289.51 and last traded at $288.08. 867,171 shares traded hands during mid-day trading, an increase of 0% from the average session volume of 863,747 shares. The stock had previously closed at $278.55.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on AVAV. JMP Securities restated a "market outperform" rating and issued a $325.00 target price on shares of AeroVironment in a report on Monday, August 18th. Wall Street Zen raised AeroVironment from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Bank of America assumed coverage on AeroVironment in a research report on Thursday, September 18th. They set a "buy" rating and a $300.00 price target for the company. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $300.00 price target on shares of AeroVironment in a research report on Tuesday, September 9th. Finally, Canaccord Genuity Group assumed coverage on AeroVironment in a research report on Monday, August 11th. They set a "buy" rating and a $305.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $292.92.
Check Out Our Latest Stock Report on AeroVironment
AeroVironment Trading Up 2.9%
The stock has a fifty day moving average of $254.92 and a 200 day moving average of $199.12. The company has a market capitalization of $14.79 billion, a P/E ratio of -463.58, a PEG ratio of 4.72 and a beta of 1.03. 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 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). The business had revenue of $454.68 million for the quarter, compared to the consensus estimate of $446.16 million. AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. AeroVironment's revenue was up 140.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 earnings per share. AeroVironment has set its FY 2026 guidance at 3.600-3.70 EPS. As a group, equities research analysts anticipate that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CEO Wahid Nawabi sold 17,300 shares of AeroVironment stock in a transaction dated Wednesday, July 16th. The stock was 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 approximately $32,153,390.65. This trade represents a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.81% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in AVAV. Vanguard Group Inc. grew its position in AeroVironment by 14.3% in the second quarter. Vanguard Group Inc. now owns 3,478,114 shares of the aerospace company's stock worth $991,089,000 after acquiring an additional 433,830 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in AeroVironment by 281.6% in the first quarter. Ameriprise Financial Inc. now owns 430,307 shares of the aerospace company's stock worth $51,288,000 after purchasing an additional 317,530 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in AeroVironment by 48.2% in the first quarter. Alyeska Investment Group L.P. now owns 902,814 shares of the aerospace company's stock worth $107,606,000 after purchasing an additional 293,553 shares during the last quarter. Norges Bank bought a new stake in AeroVironment in the second quarter worth about $75,690,000. Finally, Invesco Ltd. lifted its stake in AeroVironment by 75.6% in the second quarter. Invesco Ltd. now owns 609,019 shares of the aerospace company's stock worth $173,540,000 after purchasing an additional 262,239 shares during the last quarter. Hedge funds and other institutional investors own 86.38% of the company's stock.
AeroVironment Company Profile
(
Get Free Report)
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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