AeroVironment (NASDAQ:AVAV – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.
A number of other research firms have also recently issued reports on AVAV. Wedbush assumed coverage on AeroVironment in a research note on Tuesday. They issued an “outperform” rating and a $250.00 target price on the stock. Wolfe Research lowered shares of AeroVironment to a “buy” rating in a research report on Tuesday. Canaccord Genuity Group dropped their price objective on shares of AeroVironment from $300.00 to $280.00 and set a “buy” rating on the stock in a report on Wednesday. Citizens Jmp reiterated a “market outperform” rating and issued a $350.00 price objective on shares of AeroVironment in a research report on Tuesday, June 30th. Finally, Jefferies Financial Group reduced their target price on shares of AeroVironment from $305.00 to $229.00 and set a “buy” rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $277.37.
Read Our Latest Analysis on AeroVironment
AeroVironment Stock Performance
AeroVironment (NASDAQ:AVAV – Get Free Report) last released its quarterly earnings data on Monday, June 29th. The aerospace company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.37. The business had revenue of $641.62 million during the quarter, compared to analyst estimates of $555.97 million. AeroVironment had a positive return on equity of 3.71% and a negative net margin of 9.00%.The business’s revenue for the quarter was up 133.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.61 EPS. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. Equities research analysts expect that AeroVironment will post 3.43 EPS for the current year.
Insiders Place Their Bets
In other AeroVironment news, Director Stephen F. Page sold 250 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $174.41, for a total transaction of $43,602.50. Following the completion of the transaction, the director owned 49,001 shares in the company, valued at approximately $8,546,264.41. The trade was a 0.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 750 shares of company stock worth $133,502. 0.81% of the stock is owned by insiders.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Groupama Asset Managment bought a new position in shares of AeroVironment during the 3rd quarter valued at about $314,890,000. Norges Bank acquired a new position in AeroVironment during the fourth quarter valued at $94,655,000. CIBC Private Wealth Group LLC lifted its position in shares of AeroVironment by 24,798.7% in the third quarter. CIBC Private Wealth Group LLC now owns 315,716 shares of the aerospace company’s stock worth $99,416,000 after purchasing an additional 314,448 shares in the last quarter. Swedbank AB lifted its position in AeroVironment by 22,773.4% in the 4th quarter. Swedbank AB now owns 261,214 shares of the aerospace company’s stock worth $63,185,000 after buying an additional 260,072 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in AeroVironment by 4,770.1% during the fourth quarter. Marshall Wace LLP now owns 260,207 shares of the aerospace company’s stock valued at $62,941,000 after purchasing an additional 254,864 shares during the last quarter. 86.38% of the stock is owned by institutional investors and hedge funds.
More AeroVironment News
Here are the key news stories impacting AeroVironment this week:
- Positive Sentiment: AeroVironment won a $500 million U.S. Army / Department of Defense contract for counter-drone systems, which traders see as a major validation of its anti-drone technology and a meaningful revenue opportunity. Why Is AeroVironment (AVAV) Stock Rocketing Higher Today
- Positive Sentiment: The company also recently posted blockbuster fiscal Q4 results, which reinforced the bullish view that demand for its drones and counter-drone systems is accelerating. AVAV Stock Skyrockets as AeroVironment Reports Blockbuster Q4 Earnings Results
- Positive Sentiment: Analysts and market commentators are highlighting the company’s geopolitical tailwind from the ongoing Russia-Ukraine war and rising military demand for anti-drone tools, which supports the stock’s longer-term growth story. A Longlasting Russia-Ukraine War Creates a Catalyst to Buy AeroVironment Stock Now
- Positive Sentiment: Brokerage sentiment has also improved, with Wedbush upgrading AVAV and Piper Sandler reiterating an overweight rating with a higher target, suggesting Wall Street sees more upside after the contract win. Wedbush upgrade news
- Neutral Sentiment: There was also unusual call-option buying in AVAV, which signals heightened trader interest but does not by itself change fundamentals. Traders Purchase Large Volume of AeroVironment Call Options (NASDAQ:AVAV)
- Negative Sentiment: Multiple law firms announced securities-fraud class action deadlines tied to prior disclosures, adding legal noise and a potential liability overhang for investors. AVAV FINAL DEADLINE: ROSEN… Securities Class Action
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.
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