AeroVironment (NASDAQ:AVAV) Stock Gets Price Target Cut from KeyCorp

AeroVironment (NASDAQ:AVAV) had its price objective decreased by KeyCorp from $220.00 to $200.00 in a research note published on Monday, MarketBeat reports. KeyCorp currently has an overweight rating on the aerospace company’s stock.

A number of other analysts also recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on AeroVironment from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, September 10th. The Goldman Sachs Group set a $285.00 price target on AeroVironment in a research report on Thursday, September 17th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price target on shares of AeroVironment in a research note on Thursday, September 10th. Bank of America lowered their price objective on AeroVironment from $225.00 to $185.00 and set a “buy” rating for the company in a research report on Friday, September 11th. Finally, Citizens Jmp reduced their target price on AeroVironment from $230.00 to $170.00 and set a “market outperform” rating on the stock in a report on Monday, October 19th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $223.86.

AeroVironment Stock Down 8.3%

NASDAQ:AVAV opened at $113.23 on Monday. AeroVironment has a one year low of $108.95 and a one year high of $408.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.26 and a quick ratio of 3.33. The company has a market cap of $5.75 billion, a PE ratio of -48.39, a P/E/G ratio of 1.94 and a beta of 1.42. The firm’s 50 day simple moving average is $139.23 and its 200 day simple moving average is $183.49.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Wednesday, September 9th. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.37. The firm had revenue of $480.49 million during the quarter, compared to analysts’ expectations of $451.95 million. AeroVironment had a negative net margin of 5.77% and a positive return on equity of 4.04%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 EPS. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. On average, research analysts anticipate that AeroVironment will post 3.26 earnings per share for the current year.

Insiders Place Their Bets

In other AeroVironment news, CAO Brian Shackley sold 205 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $201.86, for a total transaction of $41,381.30. Following the sale, the chief accounting officer owned 7,888 shares of the company’s stock, valued at approximately $1,592,271.68. This represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen Page sold 250 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $152.27, for a total value of $38,067.50. Following the sale, the director owned 48,253 shares of the company’s stock, valued at approximately $7,347,484.31. The trade was a 0.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 805 shares of company stock worth $142,671 in the last ninety days. Insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On AeroVironment

Several institutional investors and hedge funds have recently made changes to their positions in the business. Retirement Systems of Alabama increased its stake in shares of AeroVironment by 17.0% in the 3rd quarter. Retirement Systems of Alabama now owns 39,003 shares of the aerospace company’s stock valued at $5,547,000 after acquiring an additional 5,653 shares in the last quarter. Fulcrum Asset Management LLP bought a new position in AeroVironment during the third quarter worth $723,000. M Holdings Securities Inc. bought a new position in AeroVironment during the third quarter worth $245,000. 180 Wealth Advisors LLC boosted its stake in AeroVironment by 66.2% during the third quarter. 180 Wealth Advisors LLC now owns 3,177 shares of the aerospace company’s stock worth $452,000 after acquiring an additional 1,265 shares in the last quarter. Finally, Verus Capital Partners LLC grew its holdings in AeroVironment by 52.3% in the third quarter. Verus Capital Partners LLC now owns 4,973 shares of the aerospace company’s stock worth $707,000 after purchasing an additional 1,708 shares during the period. Institutional investors own 86.38% of the company’s stock.

More AeroVironment News

Here are the key news stories impacting AeroVironment this week:

• Neutral Sentiment: AeroVironment amended its revolving credit facility, which may provide additional financing flexibility; the available report does not specify the revised terms or their expected financial effect. Article: AeroVironment Expands Revolving Credit Facility Through Amendment
• Neutral Sentiment: A review of recent results notes that revenue and net income improved, but cites contract issues, lawsuits and goodwill write-downs as factors that have weighed on shareholder returns. Article: What AeroVironment Investors Missed Before A 52% Fall
• Negative Sentiment: A key overhang is the U.S. Space Force’s decision to halt work on a BlueHalo-related contract worth about $1.7 billion and reopen bidding to other suppliers. The change raises uncertainty about contract prospects and competition for AeroVironment. Article: AeroVironment Could Be 19% Overvalued After Contract Bid Reopened
• Negative Sentiment: Analysts are reassessing AeroVironment’s fair value amid concerns about defense funding, adding to uncertainty around future growth expectations. Article: AeroVironment Stock Fair Value Edges Lower As Analysts Reassess Defense Funding Risks
• Negative Sentiment: Valuation commentary argues the shares may still be expensive relative to the company’s sales despite a steep year-long decline; another assessment estimates they could be overvalued. These concerns may limit investor appetite while expectations reset. Article: AeroVironment Stock May Be Expensive On Its 66% Slump
• Negative Sentiment: KeyCorp cut its price target for AVAV, signaling a less favorable analyst outlook. Article: AeroVironment Stock Price Target Cut by KeyCorp

AeroVironment Company Profile

AeroVironment, Inc is a defense technology company that develops and supplies uncrewed aircraft systems, loitering munitions, counter-uncrewed-aircraft systems, space systems and related autonomous technologies. Its products are designed for intelligence, surveillance and reconnaissance, precision strike, tactical communications and other defense and security missions.

The company’s portfolio includes the Raven, Puma and Quantix unmanned aircraft systems; the JUMP 20 vertical-takeoff-and-landing aircraft; and the Switchblade family of loitering munitions.