IFP Advisors Inc Boosts Stock Position in AeroVironment, Inc. $AVAV

IFP Advisors Inc raised its holdings in AeroVironment, Inc. (NASDAQ:AVAVFree Report) by 512.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,104 shares of the aerospace company’s stock after buying an additional 8,454 shares during the period. IFP Advisors Inc’s holdings in AeroVironment were worth $3,200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Groupama Asset Managment purchased a new position in shares of AeroVironment during the third quarter worth approximately $314,890,000. Vanguard Group Inc. raised its position in AeroVironment by 14.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,478,114 shares of the aerospace company’s stock valued at $991,089,000 after purchasing an additional 433,830 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in AeroVironment by 24,798.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 315,716 shares of the aerospace company’s stock worth $99,416,000 after purchasing an additional 314,448 shares during the period. Norges Bank acquired a new stake in AeroVironment during the 2nd quarter worth $75,690,000. Finally, Invesco Ltd. grew its position in AeroVironment by 75.6% during the 2nd quarter. Invesco Ltd. now owns 609,019 shares of the aerospace company’s stock worth $173,540,000 after purchasing an additional 262,239 shares during the last quarter. 86.38% of the stock is owned by institutional investors and hedge funds.

AeroVironment Trading Down 6.4%

NASDAQ:AVAV opened at $197.72 on Friday. AeroVironment, Inc. has a 1 year low of $102.25 and a 1 year high of $417.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.54 and a current ratio of 5.51. The stock has a fifty day moving average price of $269.32 and a two-hundred day moving average price of $290.73. The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of -45.56, a PEG ratio of 3.68 and a beta of 1.26.

AeroVironment (NASDAQ:AVAVGet Free Report) last issued its earnings results on Tuesday, March 10th. The aerospace company reported $0.64 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 analysts’ expectations of $487.94 million. AeroVironment had a positive return on equity of 3.26% and a negative net margin of 13.93%.AeroVironment’s revenue for the quarter was up 143.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. AeroVironment has set its FY 2026 guidance at 2.750-3.100 EPS. As a group, sell-side analysts anticipate that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on AVAV. Needham & Company LLC dropped their price objective on shares of AeroVironment from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. Citizens Jmp decreased their target price 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. Royal Bank Of Canada lowered their price target on AeroVironment from $325.00 to $250.00 and set an “outperform” rating on the stock in a report on Wednesday, March 11th. KeyCorp dropped their price target on AeroVironment from $330.00 to $295.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 11th. Finally, Robert W. Baird decreased their price objective on AeroVironment from $260.00 to $235.00 and set an “outperform” rating for the company in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $318.78.

Get Our Latest Analysis on AeroVironment

Insiders Place Their Bets

In other news, CAO Brian Charles Shackley sold 200 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $212.52, for a total transaction of $42,504.00. Following the sale, the chief accounting officer owned 5,794 shares of the company’s stock, valued at $1,231,340.88. The trade was a 3.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin Patrick Mcdonnell sold 999 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $367.60, for a total value of $367,232.40. Following the completion of the sale, the chief financial officer owned 17,301 shares in the company, valued at approximately $6,359,847.60. This represents a 5.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 4,924 shares of company stock worth $1,486,038. 0.81% of the stock is owned by company insiders.

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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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