AeroVironment (NASDAQ:AVAV) Stock Price Down 6.4% – Here’s What Happened

AeroVironment, Inc. (NASDAQ:AVAVGet Free Report)’s share price traded down 6.4% during mid-day trading on Friday . The company traded as low as $193.52 and last traded at $197.72. 2,037,771 shares were traded during mid-day trading, an increase of 3% from the average session volume of 1,970,733 shares. The stock had previously closed at $211.35.

Key AeroVironment News

Here are the key news stories impacting AeroVironment this week:

Wall Street Analyst Weigh In

A number of analysts recently commented on AVAV shares. JPMorgan Chase & Co. initiated coverage on shares of AeroVironment in a research note on Tuesday, February 17th. They issued an “overweight” rating and a $320.00 target price for the company. Robert W. Baird lowered their price objective on AeroVironment from $260.00 to $235.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 11th. Canaccord Genuity Group cut their price target on AeroVironment from $330.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Citizens Jmp reduced their price objective on shares of AeroVironment from $400.00 to $350.00 and set a “market outperform” rating for the company in a research report on Wednesday, March 11th. Finally, Royal Bank Of Canada decreased their target price on AeroVironment from $325.00 to $250.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, AeroVironment has a consensus rating of “Moderate Buy” and a consensus target price of $318.78.

Get Our Latest Analysis on AeroVironment

AeroVironment Stock Down 6.4%

The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of -45.56, a PEG ratio of 3.76 and a beta of 1.26. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.51 and a quick ratio of 4.54. The business has a fifty day moving average of $272.67 and a 200 day moving average of $291.04.

AeroVironment (NASDAQ:AVAVGet Free Report) last issued its quarterly earnings data on Tuesday, March 10th. The aerospace company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.04). AeroVironment had a negative net margin of 13.93% and a positive return on equity of 3.26%. The company had revenue of $408.05 million during the quarter, compared to analysts’ expectations of $487.94 million. During the same quarter last year, the firm posted $0.30 earnings per share. The firm’s quarterly revenue was up 143.4% on a year-over-year basis. AeroVironment has set its FY 2026 guidance at 2.750-3.100 EPS. As a group, equities analysts predict that AeroVironment, Inc. will post 3.38 earnings per share for the current year.

Insider Activity

In related news, CAO Brian Charles Shackley sold 200 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $212.52, for a total value of $42,504.00. Following the sale, the chief accounting officer owned 5,794 shares in the company, valued at approximately $1,231,340.88. The trade was a 3.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen F. Page sold 250 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $212.52, for a total transaction of $53,130.00. Following the sale, the director directly owned 49,751 shares in the company, valued at $10,573,082.52. This represents a 0.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 4,924 shares of company stock valued at $1,486,038. 0.81% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC lifted its position in shares of AeroVironment by 60.0% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 80 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 30 shares during the last quarter. Rothschild Investment LLC increased its position in AeroVironment by 7.8% during the third quarter. Rothschild Investment LLC now owns 498 shares of the aerospace company’s stock worth $157,000 after buying an additional 36 shares during the period. Legacy Bridge LLC increased its holdings in shares of AeroVironment by 1.0% in the 4th quarter. Legacy Bridge LLC now owns 4,046 shares of the aerospace company’s stock valued at $979,000 after acquiring an additional 39 shares during the period. NewEdge Wealth LLC raised its holdings in shares of AeroVironment by 1.1% in the fourth quarter. NewEdge Wealth LLC now owns 3,709 shares of the aerospace company’s stock valued at $897,000 after buying an additional 39 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its stake in AeroVironment by 3.7% during the 4th quarter. J.W. Cole Advisors Inc. now owns 1,081 shares of the aerospace company’s stock valued at $261,000 after acquiring an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

AeroVironment Company Profile

(Get Free Report)

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.

Further Reading

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