AeroVironment (NASDAQ:AVAV) Stock Price Expected to Rise, Robert W. Baird Analyst Says

AeroVironment (NASDAQ:AVAV) had its target price hoisted by Robert W. Baird from $267.00 to $350.00 in a research note released on Wednesday morning, Marketbeat.com reports. The firm currently has an outperform rating on the aerospace company’s stock.

AVAV has been the topic of several other research reports. Zacks Research cut shares of AeroVironment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Oppenheimer restated an “outperform” rating on shares of AeroVironment in a report on Sunday, June 29th. Needham & Company LLC restated a “buy” rating and issued a $300.00 target price on shares of AeroVironment in a report on Wednesday, September 10th. Wedbush upgraded shares of AeroVironment to an “outperform” rating in a report on Wednesday, June 25th. Finally, Wall Street Zen upgraded shares of AeroVironment from a “sell” rating to a “hold” rating in a report on Sunday, June 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $347.14.

AeroVironment Trading Up 4.0%

NASDAQ:AVAV opened at $374.64 on Wednesday. The company’s 50 day moving average price is $264.33 and its 200-day moving average price is $210.41. AeroVironment has a 52 week low of $102.25 and a 52 week high of $383.80. The company has a quick ratio of 5.12, a current ratio of 5.96 and a debt-to-equity ratio of 0.16. The stock has a market cap of $18.71 billion, a price-to-earnings ratio of -585.37, a PEG ratio of 6.11 and a beta of 0.99.

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

Insider Buying and Selling at AeroVironment

In other news, CEO Wahid Nawabi sold 17,300 shares of AeroVironment stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $263.05, for a total transaction of $4,550,765.00. Following the transaction, the chief executive officer owned 122,233 shares in the company, valued at $32,153,390.65. This trade represents a 12.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.81% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. ORG Partners LLC boosted its stake in shares of AeroVironment by 296.0% during the 2nd quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 74 shares during the last quarter. RMG Wealth Management LLC purchased a new position in shares of AeroVironment during the 2nd quarter worth $28,000. MassMutual Private Wealth & Trust FSB raised its position 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 purchasing an additional 154 shares during the period. Bessemer Group Inc. raised its position 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 purchasing an additional 44 shares during the period. Finally, Spirit of America Management Corp NY bought a new stake in shares of AeroVironment during the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.

AeroVironment Company Profile

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.