AeroVironment (NASDAQ:AVAV) Given Buy Rating at BTIG Research

BTIG Research restated their buy rating on shares of AeroVironment (NASDAQ:AVAV) in a research report sent to investors on Thursday,Benzinga reports. The firm currently has a $300.00 target price on the aerospace company’s stock.

AVAV has been the topic of several other research reports. Robert W. Baird upped their price target on AeroVironment from $210.00 to $267.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Stifel Nicolaus started coverage on AeroVironment in a report on Tuesday, June 24th. They issued a “buy” rating and a $240.00 price target on the stock. Oppenheimer reaffirmed an “outperform” rating on shares of AeroVironment in a report on Sunday, June 29th. Cantor Fitzgerald started coverage on AeroVironment in a report on Tuesday, July 8th. They issued an “overweight” rating and a $335.00 price target on the stock. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 price target on shares of AeroVironment in a report on Monday, August 18th. Three analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $292.33.

AeroVironment Stock Performance

AVAV opened at $241.81 on Thursday. The company has a market capitalization of $12.07 billion, a price-to-earnings ratio of -377.82 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.96 and a quick ratio of 2.69. AeroVironment has a 1-year low of $102.25 and a 1-year high of $295.90. The business has a 50 day moving average price of $251.82 and a two-hundred day moving average price of $192.32.

AeroVironment (NASDAQ:AVAV) last released its earnings results on Tuesday, September 9th. The aerospace company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $454.68 million during the quarter, compared to analyst estimates of $446.16 million. AeroVironment had a positive return on equity of 4.67% and a negative net margin of 4.14%.The business’s revenue for the quarter was up 140.0% on a year-over-year basis. During the same quarter last year, the company earned $0.89 earnings per share. AeroVironment has set its FY 2026 guidance at 3.600-3.70 EPS. Research analysts predict that AeroVironment will post 3.38 EPS for the current fiscal year.

Insider Activity

In other news, CEO Wahid Nawabi sold 17,300 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $263.05, for a total value of $4,550,765.00. Following the completion of the sale, the chief executive officer owned 122,233 shares in the company, valued at $32,153,390.65. This represents a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is owned by insiders.

Hedge Funds Weigh In On AeroVironment

Several institutional investors and hedge funds have recently modified their holdings of AVAV. ORG Partners LLC grew its holdings in shares of AeroVironment by 296.0% during the 2nd quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 74 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of AeroVironment by 120.2% during the 4th quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 101 shares in the last quarter. RMG Wealth Management LLC purchased a new position in shares of AeroVironment during the 2nd quarter valued at $28,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of AeroVironment by 171.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 154 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of AeroVironment by 60.3% during the 2nd quarter. Bessemer Group Inc. now owns 117 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 44 shares in the last quarter. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

About AeroVironment

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 Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.