5,375 AeroVironment, Inc. $AVAV Shares Bought by Kercheville Advisors LLC

Kercheville Advisors LLC increased its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 302.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,150 shares of the aerospace company’s stock after acquiring an additional 5,375 shares during the period. Kercheville Advisors LLC’s holdings in AeroVironment were worth $1,017,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. New Wave Wealth Advisors LLC boosted its holdings in AeroVironment by 13.6% during the 3rd quarter. New Wave Wealth Advisors LLC now owns 6,054 shares of the aerospace company’s stock worth $861,000 after acquiring an additional 725 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of AeroVironment by 12.3% in the third quarter. IFP Advisors Inc now owns 6,834 shares of the aerospace company’s stock valued at $972,000 after purchasing an additional 750 shares during the last quarter. Robertson Stephens Wealth Management LLC raised its holdings in shares of AeroVironment by 8.0% in the third quarter. Robertson Stephens Wealth Management LLC now owns 4,588 shares of the aerospace company’s stock valued at $653,000 after purchasing an additional 340 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of AeroVironment by 21.7% in the third quarter. Vontobel Holding Ltd. now owns 11,055 shares of the aerospace company’s stock valued at $1,572,000 after purchasing an additional 1,971 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of AeroVironment by 140.4% during the third quarter. Assenagon Asset Management S.A. now owns 44,481 shares of the aerospace company’s stock valued at $6,326,000 after purchasing an additional 25,975 shares in the last quarter. Institutional investors own 86.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AVAV shares. Wall Street Zen upgraded shares of AeroVironment from a “sell” rating to a “hold” rating in a report on Sunday, July 5th. Jefferies Financial Group decreased their price objective on shares of AeroVironment from $229.00 to $204.00 and set a “buy” rating for the company in a research note on Wednesday, September 16th. KeyCorp reiterated an “overweight” rating on shares of AeroVironment in a research note on Tuesday, July 28th. Piper Sandler dropped their target price on shares of AeroVironment from $248.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Finally, Weiss Ratings downgraded AeroVironment from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $225.80.

AeroVironment Stock Performance

NASDAQ AVAV traded down $3.89 during trading hours on Monday, reaching $117.90. 1,415,796 shares of the company were exchanged, compared to its average volume of 1,667,059. AeroVironment, Inc. has a 1 year low of $116.43 and a 1 year high of $408.25. The business’s 50 day simple moving average is $152.36 and its 200-day simple moving average is $165.32. The company has a quick ratio of 3.33, a current ratio of 4.26 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $5.99 billion, a P/E ratio of -50.38, a P/E/G ratio of 1.91 and a beta of 1.36.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Wednesday, September 9th. The aerospace company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.22 by $0.37. The business had revenue of $480.49 million for the quarter, compared to analyst estimates of $451.95 million. AeroVironment had a negative net margin of 5.77% and a positive return on equity of 4.04%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. On average, equities research analysts expect that AeroVironment, Inc. will post 3.26 earnings per share for the current year.

Insider Activity at AeroVironment

In other news, CAO Brian Shackley sold 205 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $201.86, for a total transaction of $41,381.30. Following the completion of the sale, the chief accounting officer owned 7,888 shares in the company, valued at $1,592,271.68. This trade represents a 2.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen Page sold 250 shares of AeroVironment stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $152.27, for a total transaction of $38,067.50. Following the completion of the sale, the director directly owned 48,253 shares in the company, valued at $7,347,484.31. This trade represents a 0.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 805 shares of company stock valued at $142,671. 0.79% of the stock is currently owned by company insiders.

AeroVironment Profile

AeroVironment, Inc is a defense technology company that develops and supplies uncrewed aircraft systems, loitering munitions, counter-uncrewed-aircraft systems, space systems and related autonomous technologies. Its products are designed for intelligence, surveillance and reconnaissance, precision strike, tactical communications and other defense and security missions.

The company’s portfolio includes the Raven, Puma and Quantix unmanned aircraft systems; the JUMP 20 vertical-takeoff-and-landing aircraft; and the Switchblade family of loitering munitions.