AeroVironment (NASDAQ:AVAV) Director Stephen Page Sells 250 Shares

AeroVironment, Inc. (NASDAQ:AVAV) Director Stephen Page sold 250 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $191.98, for a total transaction of $47,995.00. Following the sale, the director owned 48,503 shares in the company, valued at approximately $9,311,605.94. The trade was a 0.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AeroVironment Price Performance

Shares of NASDAQ AVAV traded down $1.40 during midday trading on Wednesday, reaching $172.74. The stock had a trading volume of 1,001,530 shares, compared to its average volume of 1,218,917. The stock has a 50-day moving average of $162.49 and a 200-day moving average of $191.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.59 and a current ratio of 4.30. The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of -46.94, a price-to-earnings-growth ratio of 5.92 and a beta of 1.41. AeroVironment, Inc. has a 12-month low of $135.20 and a 12-month high of $417.86.

AeroVironment (NASDAQ:AVAV) last issued its earnings results on Monday, June 29th. The aerospace company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.37. AeroVironment had a negative net margin of 9.00% and a positive return on equity of 3.71%. The company had revenue of $641.62 million during the quarter, compared to the consensus estimate of $555.97 million. During the same quarter in the prior year, the firm posted $1.61 EPS. AeroVironment’s quarterly revenue was up 133.3% compared to the same quarter last year. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. As a group, research analysts anticipate that AeroVironment, Inc. will post 3.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AVAV shares. BTIG Research reissued a “buy” rating and set a $205.00 target price on shares of AeroVironment in a research note on Thursday, July 9th. Clear Str upgraded AeroVironment to a “strong-buy” rating in a research note on Wednesday, April 29th. Stifel Nicolaus reduced their price objective on shares of AeroVironment from $315.00 to $220.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Wall Street Zen raised shares of AeroVironment from a “sell” rating to a “hold” rating in a report on Sunday, July 5th. Finally, Jefferies Financial Group cut 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, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, AeroVironment presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.68.

Institutional Trading of AeroVironment

Large investors have recently made changes to their positions in the business. Hilton Head Capital Partners LLC purchased a new position in AeroVironment in the fourth quarter worth about $26,000. National Bank of Canada FI raised its position in AeroVironment by 230.3% during the third quarter. National Bank of Canada FI now owns 109 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 76 shares during the period. Hazlett Burt & Watson Inc. raised its position in AeroVironment by 90.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 133 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 63 shares during the period. Sunbelt Securities Inc. bought a new stake in shares of AeroVironment in the 1st quarter valued at approximately $25,000. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of AeroVironment by 73.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 139 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 59 shares during the period. 86.38% of the stock is currently owned by institutional investors.

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.