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 four segments: Unmanned Aircraft Systems (UAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS). The company supplies UAS, TMS, unmanned ground vehicle, and related services primarily to organizations within the U.S. Department of Defense and to international allied governments. It also designs, engineers, tools, and manufactures unmanned aerial and aircraft systems, including airborne platforms, payloads and payload integration, ground control systems, and ground support equipment and other items and services related to unmanned aircraft systems. In addition, the company offers small UAS products, including spare equipment, alternative payload modules, batteries, chargers, repair services, and customer support, as well as multiple aircraft, hand-held ground control system, and spare parts and accessories. Further, it develops high-altitude pseudo-satellite UAS systems. The company was incorporated in 1971 and is headquartered in Arlington, Virginia.
AeroVironment Price Performance
AVAV Stock traded up $0.50 during trading on Thursday, hitting $104.03. 270,630 shares of the stock traded hands, compared to its average volume of 287,729. AeroVironment has a one year low of $52.03 and a one year high of $114.11. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of -577.91 and a beta of 0.50. The company has a 50 day simple moving average of $85.47 and a 200 day simple moving average of $83.67. The company has a current ratio of 3.64, a quick ratio of 2.74 and a debt-to-equity ratio of 0.29.
AeroVironment (NASDAQ:AVAV - Get Rating) last announced its earnings results on Tuesday, June 28th. The aerospace company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.11). AeroVironment had a positive return on equity of 5.11% and a negative net margin of 0.94%. The company had revenue of $132.62 million during the quarter, compared to the consensus estimate of $134.16 million. During the same period in the prior year, the firm posted $1.04 earnings per share. The company's revenue was down 2.5% on a year-over-year basis. Equities analysts expect that AeroVironment will post 1.42 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. Canaccord Genuity Group raised their target price on shares of AeroVironment from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, June 29th. Robert W. Baird lowered shares of AeroVironment from an "outperform" rating to a "neutral" rating and set a $95.00 target price on the stock. in a research note on Friday, April 22nd. Canaccord Genuity Group raised their target price on shares of AeroVironment from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, June 29th. Royal Bank of Canada upgraded shares of AeroVironment from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $95.00 to $100.00 in a research note on Wednesday, May 18th. Finally, Alembic Global Advisors upgraded shares of AeroVironment from a "neutral" rating to an "overweight" rating and set a $103.00 target price on the stock in a research note on Friday, July 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $91.00.
Insiders Place Their Bets
In other AeroVironment news, Director Charles R. Holland sold 3,001 shares of the business's stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $80.87, for a total value of $242,690.87. Following the completion of the transaction, the director now directly owns 63,000 shares of the company's stock, valued at $5,094,810. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Charles R. Holland sold 4,001 shares of the business's stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $84.20, for a total transaction of $336,884.20. Following the completion of the sale, the director now directly owns 56,998 shares of the company's stock, valued at $4,799,231.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles R. Holland sold 3,001 shares of the business's stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $80.87, for a total transaction of $242,690.87. Following the sale, the director now directly owns 63,000 shares of the company's stock, valued at $5,094,810. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.
