Pier 88 Investment Partners LLC Acquires New Position in AeroVironment, Inc. $AVAV

Pier 88 Investment Partners LLC bought a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV) during the 3rd quarter, Holdings Channel.com reports. The fund bought 3,250 shares of the aerospace company’s stock, valued at approximately $1,023,000.

Other institutional investors have also recently modified their holdings of the company. N.E.W. Advisory Services LLC raised its position in AeroVironment by 60.0% in the third quarter. N.E.W. Advisory Services LLC now owns 80 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 30 shares in the last quarter. ORG Partners LLC grew its stake in shares of AeroVironment by 296.0% during the 2nd quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 74 shares during the period. RMG Wealth Management LLC acquired a new position in shares of AeroVironment during the 2nd quarter worth $28,000. Vermillion Wealth Management Inc. acquired a new stake in shares of AeroVironment in the third quarter valued at about $31,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in shares of AeroVironment in the third quarter valued at about $31,000. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

AeroVironment Trading Down 1.7%

Shares of AVAV stock opened at $302.67 on Tuesday. The company has a market capitalization of $15.11 billion, a price-to-earnings ratio of -242.14, a PEG ratio of 4.55 and a beta of 1.16. The company has a current ratio of 5.08, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $287.13 and a 200 day moving average price of $294.07. AeroVironment, Inc. has a twelve month low of $102.25 and a twelve month high of $417.86.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings results on Tuesday, December 9th. The aerospace company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.43). The firm had revenue of $472.51 million for the quarter, compared to analysts’ expectations of $466.16 million. AeroVironment had a positive return on equity of 3.42% and a negative net margin of 5.08%.The business’s quarterly revenue was up 150.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share. AeroVironment has set its FY 2026 guidance at 3.400-3.550 EPS. Research analysts forecast that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Stephen F. Page sold 1,000 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $377.62, for a total transaction of $377,620.00. Following the sale, the director owned 51,001 shares in the company, valued at $19,258,997.62. This trade represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Brian Charles Shackley sold 200 shares of AeroVironment stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $250.92, for a total value of $50,184.00. Following the completion of the sale, the chief accounting officer directly owned 5,994 shares of the company’s stock, valued at approximately $1,504,014.48. This represents a 3.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,223 shares of company stock valued at $1,092,503 in the last quarter. 0.81% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AVAV shares. KeyCorp set a $285.00 target price on shares of AeroVironment in a report on Thursday, December 18th. Robert W. Baird upped their price target on AeroVironment from $267.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. BNP Paribas Exane assumed coverage on AeroVironment in a report on Tuesday, November 18th. They set an “outperform” rating and a $355.00 price objective for the company. Zacks Research raised AeroVironment from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, The Goldman Sachs Group cut their price target on AeroVironment from $486.00 to $429.00 and set a “buy” rating for the company in a research note on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.41.

AeroVironment 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.