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

AeroVironment (NASDAQ:AVAV)‘s stock had its “buy” rating reiterated by equities research analysts at BTIG Research in a note issued to investors on Tuesday,Benzinga reports. They currently have a $205.00 price target on the aerospace company’s stock. BTIG Research’s price target indicates a potential upside of 47.48% from the stock’s current price.

A number of other equities research analysts have also weighed in on AVAV. Citizens Jmp dropped their price objective on shares of AeroVironment from $400.00 to $350.00 and set a “market outperform” rating on the stock in a report on Wednesday, March 11th. Jefferies Financial Group lowered their price target on AeroVironment from $390.00 to $305.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Zacks Research upgraded AeroVironment from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Robert W. Baird cut their price objective on AeroVironment from $260.00 to $235.00 and set an “outperform” rating on the stock in a report on Wednesday, March 11th. Finally, KeyCorp reduced their price objective on AeroVironment from $295.00 to $220.00 and set an “overweight” rating for the company in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, AeroVironment has a consensus rating of “Moderate Buy” and an average target price of $303.11.

AeroVironment Stock Performance

AVAV opened at $139.00 on Tuesday. AeroVironment has a 52-week low of $135.20 and a 52-week high of $417.86. The company has a quick ratio of 4.54, a current ratio of 5.51 and a debt-to-equity ratio of 0.17. The company has a market cap of $6.94 billion, a P/E ratio of -32.03, a price-to-earnings-growth ratio of 1.89 and a beta of 1.35. The firm’s 50-day moving average price is $176.65 and its 200-day moving average price is $225.20.

AeroVironment (NASDAQ:AVAV) last released its earnings results on Monday, June 29th. The aerospace company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.37. AeroVironment had a negative net margin of 13.93% and a positive return on equity of 3.28%. The company had revenue of $641.62 million during the quarter, compared to analysts’ expectations of $555.97 million. During the same period last year, the business earned $1.61 EPS. AeroVironment’s revenue for the quarter was up 133.3% on a year-over-year basis. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. As a group, equities analysts anticipate that AeroVironment will post 2.94 EPS for the current fiscal year.

Insider Activity at AeroVironment

In other news, Director Stephen F. Page sold 250 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $174.41, for a total transaction of $43,602.50. Following the sale, the director owned 49,001 shares of the company’s stock, valued at $8,546,264.41. This trade represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 750 shares of company stock worth $133,502. 0.81% of the stock is owned by company insiders.

Institutional Trading of AeroVironment

Hedge funds have recently added to or reduced their stakes in the company. Southern Financial Group LLC grew its position in AeroVironment by 12.6% during the first quarter. Southern Financial Group LLC now owns 1,218 shares of the aerospace company’s stock valued at $223,000 after buying an additional 136 shares during the period. Militia Capital Management LLC acquired a new position in shares of AeroVironment in the first quarter worth about $209,000. Evolutionary Tree Capital Management LLC purchased a new stake in shares of AeroVironment during the 1st quarter worth about $522,000. Western Wealth Management LLC purchased a new stake in shares of AeroVironment during the 1st quarter worth about $37,000. Finally, Cim Investment Management Inc. grew its position in shares of AeroVironment by 62.1% during the 1st quarter. Cim Investment Management Inc. now owns 1,996 shares of the aerospace company’s stock valued at $365,000 after acquiring an additional 765 shares during the period. 86.38% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting AeroVironment

Here are the key news stories impacting AeroVironment this week:

• Positive Sentiment: AeroVironment reported fiscal Q4 earnings of $1.84 per share on revenue of $641.6 million, easily topping Wall Street estimates and more than doubling revenue year over year, which is the main driver behind the stock’s jump. Article Title
• Positive Sentiment: Management highlighted record bookings, a $1.2 billion funded backlog, and strong defense demand, reinforcing confidence that growth can continue beyond the quarter. Article Title
• Positive Sentiment: The company also guided FY2027 revenue and EPS higher than the prior year, with investors focusing on production capacity expansion and BlueHalo-related growth as long-term catalysts. Article Title

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.