AeroVironment (NASDAQ:AVAV) Receives Outperform Rating from William Blair

William Blair reissued their outperform rating on shares of AeroVironment (NASDAQ:AVAV - Free Report) in a research report sent to investors on Wednesday morning,RTT News reports. William Blair also issued estimates for AeroVironment's FY2025 earnings at $3.05 EPS.

AVAV has been the subject of several other research reports. Jefferies Financial Group raised shares of AeroVironment from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $240.00 to $230.00 in a research report on Wednesday, November 20th. Robert W. Baird reduced their price target on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, AeroVironment presently has a consensus rating of "Buy" and a consensus target price of $202.40.

AeroVironment Trading Down 2.0 %

NASDAQ:AVAV traded down $2.74 on Wednesday, reaching $132.33. 668,299 shares of the stock traded hands, compared to its average volume of 390,564. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 76.05 and a beta of 0.42. The company's 50 day moving average is $163.37 and its 200-day moving average is $183.22. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02. AeroVironment has a 1-year low of $110.07 and a 1-year high of $236.60.

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AeroVironment (NASDAQ:AVAV - Get Free Report) last released its earnings results on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.29). The firm had revenue of $188.46 million for the quarter, compared to analyst estimates of $181.80 million. AeroVironment had a net margin of 6.39% and a return on equity of 8.12%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 EPS. Equities research analysts anticipate that AeroVironment will post 3.38 EPS for the current fiscal year.

Institutional Investors Weigh In On AeroVironment

A number of hedge funds have recently made changes to their positions in the business. Radnor Capital Management LLC raised its stake in shares of AeroVironment by 1.0% during the 3rd quarter. Radnor Capital Management LLC now owns 5,965 shares of the aerospace company's stock worth $1,196,000 after purchasing an additional 60 shares during the period. Redwood Investments LLC raised its stake in shares of AeroVironment by 0.7% during the 4th quarter. Redwood Investments LLC now owns 9,273 shares of the aerospace company's stock worth $1,427,000 after purchasing an additional 66 shares during the period. Arizona State Retirement System raised its stake in shares of AeroVironment by 0.8% during the 4th quarter. Arizona State Retirement System now owns 8,170 shares of the aerospace company's stock worth $1,257,000 after purchasing an additional 68 shares during the period. Mackenzie Financial Corp raised its stake in shares of AeroVironment by 5.5% during the 4th quarter. Mackenzie Financial Corp now owns 1,601 shares of the aerospace company's stock worth $246,000 after purchasing an additional 83 shares during the period. Finally, New York State Teachers Retirement System raised its stake in shares of AeroVironment by 0.6% during the 4th quarter. New York State Teachers Retirement System now owns 17,618 shares of the aerospace company's stock worth $2,711,000 after purchasing an additional 100 shares during the period. 86.38% of the stock is currently owned by institutional investors.

About AeroVironment

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.