6,600 Shares in AeroVironment, Inc. $AVAV Acquired by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board purchased a new position in shares of AeroVironment, Inc. (NASDAQ:AVAVFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,600 shares of the aerospace company’s stock, valued at approximately $2,078,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVAV. Allworth Financial LP raised its holdings in shares of AeroVironment by 8.2% in the third quarter. Allworth Financial LP now owns 722 shares of the aerospace company’s stock valued at $227,000 after buying an additional 55 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of AeroVironment by 512.4% during the third quarter. IFP Advisors Inc now owns 10,104 shares of the aerospace company’s stock worth $3,200,000 after buying an additional 8,454 shares during the last quarter. Swiss Life Asset Management Ltd grew its holdings in shares of AeroVironment by 95.5% during the third quarter. Swiss Life Asset Management Ltd now owns 1,472 shares of the aerospace company’s stock worth $464,000 after buying an additional 719 shares during the last quarter. Groupama Asset Managment acquired a new position in AeroVironment in the 3rd quarter valued at about $314,890,000. Finally, Strategic Advocates LLC acquired a new position in AeroVironment in the 3rd quarter valued at about $83,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.

More AeroVironment News

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Analyst Ratings Changes

A number of analysts have weighed in on the company. Canaccord Genuity Group decreased their price objective on AeroVironment from $330.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Weiss Ratings lowered AeroVironment from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, February 9th. Citigroup restated a “market outperform” rating on shares of AeroVironment in a research note on Monday, January 12th. Jefferies Financial Group decreased their price target on AeroVironment from $390.00 to $305.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Finally, Piper Sandler lowered their price objective on shares of AeroVironment from $391.00 to $290.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $318.78.

View Our Latest Research Report on AeroVironment

Insider Buying and Selling

In other AeroVironment news, CAO Brian Charles Shackley sold 200 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $212.52, for a total transaction of $42,504.00. Following the transaction, the chief accounting officer directly owned 5,794 shares in the company, valued at approximately $1,231,340.88. This represents a 3.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kevin Patrick Mcdonnell sold 396 shares of the stock in a transaction dated 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 transaction, the chief financial officer directly owned 16,026 shares of the company’s stock, valued at approximately $3,598,638.30. This trade represents a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 4,924 shares of company stock valued at $1,486,038. Corporate insiders own 0.81% of the company’s stock.

AeroVironment Price Performance

AeroVironment stock opened at $197.72 on Friday. The company has a market cap of $9.87 billion, a P/E ratio of -45.56, a price-to-earnings-growth ratio of 3.68 and a beta of 1.26. AeroVironment, Inc. has a one year low of $102.25 and a one year high of $417.86. The business has a fifty day moving average of $269.32 and a two-hundred day moving average of $290.73. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.54 and a current ratio of 5.51.

AeroVironment (NASDAQ:AVAVGet Free Report) last posted its quarterly earnings results on Tuesday, March 10th. The aerospace company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates 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 earned $0.30 earnings per share. AeroVironment has set its FY 2026 guidance at 2.750-3.100 EPS. As a group, analysts predict that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

About AeroVironment

(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.

Further Reading

Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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