BTIG Research Reiterates Buy Rating for AeroVironment (NASDAQ:AVAV)

AeroVironment (NASDAQ:AVAV)‘s stock had its “buy” rating reaffirmed by stock analysts at BTIG Research in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $415.00 price target on the aerospace company’s stock. BTIG Research’s target price would indicate a potential upside of 34.06% from the stock’s previous close.

A number of other equities analysts also recently issued reports on AVAV. KeyCorp set a $285.00 target price on AeroVironment in a research note on Thursday, December 18th. Cantor Fitzgerald cut their price objective on shares of AeroVironment from $335.00 to $315.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Jefferies Financial Group reiterated a “buy” rating and issued a $390.00 price target on shares of AeroVironment in a report on Thursday, December 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $450.00 price objective on shares of AeroVironment in a research note on Wednesday, December 10th. Finally, BNP Paribas Exane began coverage on shares of AeroVironment in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $355.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, AeroVironment presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.41.

AeroVironment Stock Performance

NASDAQ:AVAV opened at $309.57 on Monday. AeroVironment has a twelve month low of $102.25 and a twelve month high of $417.86. The company has a market cap of $15.46 billion, a P/E ratio of -247.66, a P/E/G ratio of 4.48 and a beta of 1.16. The company’s 50-day moving average price is $287.70 and its 200-day moving average price is $294.39. The company has a current ratio of 5.08, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16.

AeroVironment (NASDAQ:AVAV) last posted its earnings results on Tuesday, December 9th. The aerospace company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.43). AeroVironment had a negative net margin of 5.08% and a positive return on equity of 3.42%. The company had revenue of $472.51 million during the quarter, compared to analyst estimates of $466.16 million. During the same period in the previous year, the company earned $0.47 EPS. The company’s quarterly revenue was up 150.7% compared to the same quarter last year. AeroVironment has set its FY 2026 guidance at 3.400-3.550 EPS. On average, sell-side analysts forecast that AeroVironment will post 3.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Stephen F. Page sold 1,000 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $377.62, for a total value of $377,620.00. Following the completion of the sale, the director directly owned 51,001 shares of the company’s stock, valued at approximately $19,258,997.62. This represents a 1.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin Patrick Mcdonnell sold 999 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $367.60, for a total transaction of $367,232.40. Following the sale, the chief financial officer owned 17,301 shares of the company’s stock, valued at approximately $6,359,847.60. This represents a 5.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 3,223 shares of company stock worth $1,092,503. 0.81% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AVAV. N.E.W. Advisory Services LLC raised its holdings in shares of AeroVironment by 60.0% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 80 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 30 shares in the last quarter. Rothschild Investment LLC lifted its holdings in AeroVironment by 7.8% in the 3rd quarter. Rothschild Investment LLC now owns 498 shares of the aerospace company’s stock worth $157,000 after purchasing an additional 36 shares during the last quarter. Legacy Bridge LLC raised its holdings in AeroVironment by 1.0% in the 4th quarter. Legacy Bridge LLC now owns 4,046 shares of the aerospace company’s stock worth $979,000 after acquiring an additional 39 shares during the period. TD Waterhouse Canada Inc. lifted its position in shares of AeroVironment by 100.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 80 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 40 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in AeroVironment by 0.6% during the 2nd quarter. Amalgamated Bank now owns 8,023 shares of the aerospace company’s stock valued at $2,286,000 after purchasing an additional 44 shares during the period. 86.38% of the stock is owned by institutional investors and hedge funds.

AeroVironment Company Profile

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.