AeroVironment (NASDAQ:AVAV) Price Target Raised to $333.00

AeroVironment (NASDAQ:AVAV) had its price target boosted by The Goldman Sachs Group from $300.00 to $333.00 in a research report released on Thursday,Benzinga reports. The firm currently has a buy rating on the aerospace company’s stock.

A number of other equities research analysts also recently weighed in on AVAV. Wedbush upgraded AeroVironment to an “outperform” rating in a report on Wednesday, June 25th. Bank of America started coverage on shares of AeroVironment in a research note on Thursday, September 18th. They issued a “buy” rating and a $300.00 price objective for the company. BTIG Research reiterated a “buy” rating and set a $300.00 target price on shares of AeroVironment in a research report on Friday, September 19th. Stifel Nicolaus raised their price target on shares of AeroVironment from $295.00 to $389.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of AeroVironment in a research note on Sunday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $347.14.

AeroVironment Price Performance

AVAV stock opened at $374.64 on Thursday. 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 firm has a market cap of $18.71 billion, a price-to-earnings ratio of -585.37, a PEG ratio of 6.35 and a beta of 0.99. The company’s fifty day simple moving average is $264.33 and its 200 day simple moving average is $211.00. AeroVironment has a 12-month low of $102.25 and a 12-month high of $383.80.

AeroVironment (NASDAQ:AVAV) last issued its quarterly 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 business had revenue of $454.68 million for 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 was up 140.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 earnings per share. AeroVironment has set its FY 2026 guidance at 3.600-3.70 EPS. On average, analysts expect that AeroVironment will post 3.38 earnings per share for the current year.

Insider Buying and Selling

In other AeroVironment news, CEO Wahid Nawabi sold 17,300 shares of the business’s 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 transaction, the chief executive officer owned 122,233 shares of the company’s stock, valued at approximately $32,153,390.65. The trade was 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 accessible through this link. Company insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On AeroVironment

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in AeroVironment by 14.3% during the second quarter. Vanguard Group Inc. now owns 3,478,114 shares of the aerospace company’s stock valued at $991,089,000 after buying an additional 433,830 shares during the period. Ameriprise Financial Inc. boosted its stake in AeroVironment by 281.6% in the first quarter. Ameriprise Financial Inc. now owns 430,307 shares of the aerospace company’s stock valued at $51,288,000 after acquiring an additional 317,530 shares during the last quarter. Alyeska Investment Group L.P. grew its position in shares of AeroVironment by 48.2% during the 1st quarter. Alyeska Investment Group L.P. now owns 902,814 shares of the aerospace company’s stock valued at $107,606,000 after acquiring an additional 293,553 shares during the period. Norges Bank purchased a new stake in shares of AeroVironment during the 2nd quarter worth approximately $75,690,000. Finally, Invesco Ltd. raised its holdings in shares of AeroVironment by 75.6% in the 2nd quarter. Invesco Ltd. now owns 609,019 shares of the aerospace company’s stock worth $173,540,000 after purchasing an additional 262,239 shares during the period. 86.38% of the stock is currently owned by institutional investors.

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.