BI Asset Management Fondsmaeglerselskab A S Makes New $4.59 Million Investment in AeroVironment, Inc. $AVAV

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAVFree Report) during the 4th quarter, Holdings Channel.com reports. The firm acquired 18,989 shares of the aerospace company’s stock, valued at approximately $4,593,000.

Several other institutional investors and hedge funds have also modified their holdings of AVAV. Vanguard Group Inc. increased its position in shares of AeroVironment by 1.5% during the third quarter. Vanguard Group Inc. now owns 3,530,073 shares of the aerospace company’s stock worth $1,111,585,000 after acquiring an additional 51,959 shares in the last quarter. Groupama Asset Managment bought a new stake in AeroVironment in the 3rd quarter valued at approximately $314,890,000. Geode Capital Management LLC boosted its position in AeroVironment by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 884,395 shares of the aerospace company’s stock worth $213,956,000 after acquiring an additional 71,903 shares during the last quarter. Van ECK Associates Corp boosted its position in AeroVironment by 17.4% during the 3rd quarter. Van ECK Associates Corp now owns 686,273 shares of the aerospace company’s stock worth $216,101,000 after acquiring an additional 101,713 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of AeroVironment by 15.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 614,444 shares of the aerospace company’s stock worth $193,390,000 after acquiring an additional 83,322 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Brian Charles Shackley sold 200 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $212.52, for a total value of $42,504.00. Following the completion of the transaction, the chief accounting officer owned 5,794 shares of the company’s stock, valued at approximately $1,231,340.88. This represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin Patrick Mcdonnell sold 396 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $224.55, for a total transaction of $88,921.80. Following the completion of the sale, the chief financial officer owned 16,026 shares in the company, valued at approximately $3,598,638.30. The trade was a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,346 shares of company stock worth $274,456. Insiders own 0.81% of the company’s stock.

AeroVironment Price Performance

Shares of AeroVironment stock opened at $185.92 on Monday. AeroVironment, Inc. has a twelve month low of $156.00 and a twelve month high of $417.86. The company has a 50-day simple moving average of $184.91 and a two-hundred day simple moving average of $238.14. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of -42.84, a price-to-earnings-growth ratio of 2.55 and a beta of 1.35. The company has a quick ratio of 4.54, a current ratio of 5.51 and a debt-to-equity ratio of 0.17.

AeroVironment (NASDAQ:AVAVGet Free Report) last released its earnings results 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). The company had revenue of $408.05 million for the quarter, compared to analyst estimates of $487.94 million. AeroVironment had a positive return on equity of 3.26% and a negative net margin of 13.93%.The business’s revenue for the quarter was up 143.4% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. AeroVironment has set its FY 2026 guidance at 2.750-3.100 EPS. Analysts forecast that AeroVironment, Inc. will post 2.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BTIG Research lowered their price objective on shares of AeroVironment from $415.00 to $330.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Needham & Company LLC reduced their target price on shares of AeroVironment from $450.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, March 11th. Stifel Nicolaus decreased their target price on shares of AeroVironment from $389.00 to $315.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. KeyCorp lowered their price target on shares of AeroVironment from $330.00 to $295.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 11th. Finally, 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 note on Wednesday, March 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $318.78.

Read Our Latest Research Report on AeroVironment

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AeroVironment Profile

(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.

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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