AeroVironment’s (AVAV) “Outperform” Rating Reaffirmed at William Blair

by · The Cerbat Gem

William Blair reissued their outperform rating on shares of AeroVironment (NASDAQ:AVAV – Free Report) in a research note issued to investors on Tuesday morning, RTT News reports. William Blair also issued estimates for AeroVironment’s Q4 2024 earnings at $0.16 EPS, FY2024 earnings at $2.76 EPS and FY2025 earnings at $3.24 EPS.

AVAV has been the topic of several other research reports. Robert W. Baird upped their price target on shares of AeroVironment from $128.00 to $152.00 and gave the stock an outperform rating in a report on Monday, November 27th. Raymond James upped their price target on shares of AeroVironment from $125.00 to $145.00 and gave the stock an outperform rating in a report on Thursday, December 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $139.20.

Get Our Latest Research Report on AeroVironment

AeroVironment Trading Down 6.4 %

Shares of AVAV stock opened at $166.23 on Tuesday. The company’s fifty day simple moving average is $127.81 and its two-hundred day simple moving average is $121.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.66 and a quick ratio of 3.13. AeroVironment has a 1 year low of $87.33 and a 1 year high of $184.61. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of -38.57 and a beta of 0.42.

AeroVironment (NASDAQ:AVAV – Get Free Report) last released its quarterly earnings results on Monday, March 4th. The aerospace company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.30. The firm had revenue of $186.60 million for the quarter, compared to analysts’ expectations of $170.62 million. AeroVironment had a negative net margin of 15.14% and a positive return on equity of 13.93%. The business’s quarterly revenue was up 38.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 earnings per share. As a group, analysts anticipate that AeroVironment will post 2.8 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Trace E. Stevenson sold 1,913 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $183.00, for a total value of $350,079.00. Following the completion of the transaction, the vice president now directly owns 2,570 shares in the company, valued at $470,310. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. boosted its position in AeroVironment by 60.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,134 shares of the aerospace company’s stock valued at $766,000 after buying an additional 3,066 shares during the period. PNC Financial Services Group Inc. boosted its position in AeroVironment by 54.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,679 shares of the aerospace company’s stock valued at $348,000 after buying an additional 1,291 shares during the period. Natixis Advisors L.P. boosted its position in AeroVironment by 20.3% during the first quarter. Natixis Advisors L.P. now owns 18,444 shares of the aerospace company’s stock valued at $1,736,000 after buying an additional 3,117 shares during the period. Bank of Montreal Can boosted its position in AeroVironment by 14.8% during the first quarter. Bank of Montreal Can now owns 6,918 shares of the aerospace company’s stock valued at $656,000 after buying an additional 894 shares during the period. Finally, MetLife Investment Management LLC boosted its position in AeroVironment by 41.4% during the first quarter. MetLife Investment Management LLC now owns 11,831 shares of the aerospace company’s stock valued at $1,114,000 after buying an additional 3,466 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

About AeroVironment

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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.

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