AeroVironment, Inc. $AVAV Shares Purchased by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. boosted its stake in shares of AeroVironment, Inc. (NASDAQ:AVAVFree Report) by 10.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 221,095 shares of the aerospace company’s stock after acquiring an additional 21,271 shares during the period. Amova Asset Management Americas Inc.’s holdings in AeroVironment were worth $40,469,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. F m Investments LLC acquired a new position in AeroVironment during the fourth quarter worth approximately $1,775,000. Norges Bank purchased a new position in shares of AeroVironment during the fourth quarter worth approximately $94,655,000. MYDA Advisors LLC purchased a new position in shares of AeroVironment during the fourth quarter worth approximately $3,628,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of AeroVironment by 92.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 20,173 shares of the aerospace company’s stock valued at $5,168,000 after acquiring an additional 9,675 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of AeroVironment by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 884,395 shares of the aerospace company’s stock valued at $213,956,000 after acquiring an additional 71,903 shares during the period. 86.38% of the stock is owned by hedge funds and other institutional investors.

AeroVironment Trading Up 0.3%

NASDAQ AVAV opened at $142.60 on Tuesday. 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 stock has a market capitalization of $7.22 billion, a P/E ratio of -38.75, a P/E/G ratio of 4.84 and a beta of 1.39. AeroVironment, Inc. has a 52-week low of $135.20 and a 52-week high of $417.86. The firm has a 50-day moving average price of $167.69 and a 200 day moving average price of $215.88.

AeroVironment (NASDAQ:AVAVGet Free Report) last posted its quarterly earnings results on Monday, June 29th. The aerospace company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.47 by $0.37. AeroVironment had a positive return on equity of 3.71% and a negative net margin of 9.00%.The business had revenue of $641.62 million during the quarter, compared to analysts’ expectations of $555.97 million. During the same period last year, the firm earned $1.61 EPS. The company’s quarterly revenue was up 133.3% compared to the same quarter last year. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. Equities research analysts expect that AeroVironment, Inc. will post 3.26 EPS for the current year.

Insider Buying and Selling

In other AeroVironment news, Director Stephen F. Page sold 250 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $174.41, for a total value of $43,602.50. Following the completion of the sale, the director owned 49,001 shares of the company’s stock, valued at approximately $8,546,264.41. This trade represents a 0.51% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.81% of the company’s stock.

Key Headlines Impacting AeroVironment

Here are the key news stories impacting AeroVironment this week:

Analysts Set New Price Targets

A number of analysts recently weighed in on AVAV shares. UBS Group reiterated a “buy” rating on shares of AeroVironment in a research note on Thursday, July 9th. Wall Street Zen upgraded shares of AeroVironment from a “sell” rating to a “hold” rating in a research note on Sunday, July 5th. Clear Str raised AeroVironment to a “strong-buy” rating in a report on Wednesday, April 29th. Weiss Ratings restated a “sell (d)” rating on shares of AeroVironment in a research report on Monday, June 8th. Finally, Canaccord Genuity Group reduced their price objective on AeroVironment from $280.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $266.68.

Get Our Latest Analysis on AeroVironment

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.

See Also

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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