Canvas Wealth Advisors LLC Buys 3,884 Shares of AeroVironment, Inc. $AVAV

Canvas Wealth Advisors LLC grew its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 74.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,083 shares of the aerospace company’s stock after acquiring an additional 3,884 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in AeroVironment were worth $1,663,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AVAV. Legacy Bridge LLC raised its holdings in shares of AeroVironment by 1.0% during the fourth quarter. Legacy Bridge LLC now owns 4,046 shares of the aerospace company’s stock valued at $979,000 after purchasing an additional 39 shares during the last quarter. NewEdge Wealth LLC boosted its holdings in AeroVironment by 1.1% in the fourth quarter. NewEdge Wealth LLC now owns 3,709 shares of the aerospace company’s stock worth $897,000 after purchasing an additional 39 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in AeroVironment by 3.7% in the 4th quarter. J.W. Cole Advisors Inc. now owns 1,081 shares of the aerospace company’s stock worth $261,000 after purchasing an additional 39 shares during the period. Parkside Financial Bank & Trust grew its position in AeroVironment by 29.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 188 shares of the aerospace company’s stock worth $45,000 after purchasing an additional 43 shares during the period. Finally, Signaturefd LLC raised its stake in AeroVironment by 10.5% during the 4th quarter. Signaturefd LLC now owns 495 shares of the aerospace company’s stock valued at $120,000 after buying an additional 47 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors.

AeroVironment News Summary

Here are the key news stories impacting AeroVironment this week:

• Positive Sentiment: AeroVironment won major new defense business, including a three-year, $500 million IDIQ contract for the JIATF-401 Domestic Shield Program and an $80.5 million Titan MS award, which supports the company’s long-term revenue outlook. Article: AV Awarded $500 million IDIQ for Support of JIATF-401 Domestic Shield Program
• Positive Sentiment: Recent earnings were strong, with fiscal Q4 revenue of $641.6 million and adjusted EPS of $1.84, reinforcing the company’s operational momentum. Article: AeroVironment Posted Solid Earnings and the Stock Reacted Sharply Higher. If You Can Tolerate Risk, Buy Here.
• Neutral Sentiment: Wall Street commentary remains constructive overall, with several buy/overweight ratings and a median price target around $229, suggesting analysts still see upside despite the recent volatility. Article: AeroVironment Slides as Investors Weigh Recent Rally Against Softer FY2027 Profit Outlook
• Negative Sentiment: Investor sentiment is being hurt by the securities class action and related investigations, which allege AeroVironment misled investors about the SCAR program and helped trigger a sharp share-price drop. Article: AVAV Investment Deadline: AeroVironment Securities Fraud Class Action Focuses on SCAR Contract Cancellation
• Negative Sentiment: The stock also faces near-term caution after a strong rally, with traders questioning FY2027 profit guidance, integration risk from the BlueHalo deal, and prior accounting-restatement concerns. Article: AeroVironment Slides as Investors Weigh Recent Rally Against Softer FY2027 Profit Outlook

Insider Buying and Selling at AeroVironment

In other AeroVironment news, Director Stephen F. Page sold 250 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $174.41, for a total value of $43,602.50. Following the completion of the transaction, the director directly owned 49,001 shares in the company, valued at $8,546,264.41. This represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 750 shares of company stock valued at $133,502 in the last three months. Corporate insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Needham & Company LLC dropped their price target on AeroVironment from $400.00 to $225.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Stifel Nicolaus lowered their target price on AeroVironment from $315.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Wall Street Zen raised AeroVironment from a “sell” rating to a “hold” rating in a report on Sunday. Robert W. Baird dropped their target price on AeroVironment from $260.00 to $235.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 11th. Finally, Wolfe Research lowered shares of AeroVironment to a “buy” rating in a research report on Tuesday, June 30th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, AeroVironment presently has a consensus rating of “Moderate Buy” and an average price target of $277.37.

AeroVironment Stock Down 7.4%

NASDAQ AVAV opened at $176.84 on Tuesday. AeroVironment, Inc. has a 52 week low of $135.20 and a 52 week high of $417.86. The company has a quick ratio of 3.59, a current ratio of 4.30 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $8.95 billion, a P/E ratio of -48.05, a price-to-earnings-growth ratio of 2.86 and a beta of 1.39. The stock’s 50-day moving average price is $174.35 and its 200-day moving average price is $223.03.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Monday, June 29th. The aerospace company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.37. The company had revenue of $641.62 million during the quarter, compared to the consensus estimate of $555.97 million. AeroVironment had a positive return on equity of 3.71% and a negative net margin of 9.00%.The firm’s revenue was up 133.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.61 EPS. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. On average, equities research analysts predict that AeroVironment, Inc. will post 3.43 earnings per share for the current year.

AeroVironment Company Profile

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.