AeroVironment, Inc. $AVAV Shares Bought by State of Alaska Department of Revenue

Key Points

• The State of Alaska Department of Revenue increased its shares in AeroVironment, Inc. by 8.1%, owning 16,770 shares valued at approximately $4.8 million.
• AeroVironment's stock is currently up 2.5%, with a market cap of $15.41 billion, a one-year low of $102.25, and a one-year high of $317.11.
• The company reported quarterly earnings of $0.32 per share, missing estimates slightly, but its revenue of $454.68 million exceeded expectations by around 140% compared to the previous year.

State of Alaska Department of Revenue boosted its position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 8.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,770 shares of the aerospace company's stock after buying an additional 1,253 shares during the period. State of Alaska Department of Revenue's holdings in AeroVironment were worth $4,777,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AVAV. Ameriprise Financial Inc. increased its position in AeroVironment by 281.6% during the first quarter. Ameriprise Financial Inc. now owns 430,307 shares of the aerospace company's stock worth $51,288,000 after buying an additional 317,530 shares during the period. Alyeska Investment Group L.P. increased its position in AeroVironment by 48.2% during the first quarter. Alyeska Investment Group L.P. now owns 902,814 shares of the aerospace company's stock worth $107,606,000 after buying an additional 293,553 shares during the period. Stephens Investment Management Group LLC increased its position in AeroVironment by 41.0% during the first quarter. Stephens Investment Management Group LLC now owns 763,489 shares of the aerospace company's stock worth $91,000,000 after buying an additional 221,948 shares during the period. Nuveen LLC acquired a new position in AeroVironment during the first quarter worth approximately $23,501,000. Finally, Tocqueville Asset Management L.P. acquired a new position in AeroVironment during the first quarter worth approximately $16,802,000. Institutional investors and hedge funds own 86.38% of the company's stock.

AeroVironment Stock Up 2.5%

AeroVironment stock opened at $308.69 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.96 and a quick ratio of 5.12. AeroVironment, Inc. has a 1-year low of $102.25 and a 1-year high of $317.11. The company has a market cap of $15.41 billion, a PE ratio of -482.32, a price-to-earnings-growth ratio of 5.11 and a beta of 1.03. The stock's 50 day moving average price is $258.00 and its 200 day moving average price is $205.34.

AeroVironment (NASDAQ:AVAV - Get Free Report) last posted its quarterly earnings results on Tuesday, September 9th. The aerospace company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. The business had revenue of $454.68 million during the quarter, compared to analysts' expectations of $446.16 million. During the same quarter last year, the firm earned $0.89 earnings per share. The firm's quarterly revenue was up 140.0% compared to the same quarter last year. AeroVironment has set its FY 2026 guidance at 3.600-3.70 EPS. On average, sell-side analysts predict that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

Insider Buying and Selling at AeroVironment

In related news, CEO Wahid Nawabi sold 17,300 shares of AeroVironment stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $263.05, for a total value of $4,550,765.00. Following the sale, the chief executive officer directly owned 122,233 shares in the company, valued at $32,153,390.65. The trade was a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.81% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. William Blair reaffirmed an "outperform" rating on shares of AeroVironment in a research report on Tuesday, September 16th. Bank of America assumed coverage on AeroVironment in a report on Thursday, September 18th. They issued a "buy" rating and a $300.00 target price on the stock. Oppenheimer reissued an "outperform" rating on shares of AeroVironment in a report on Sunday, June 29th. Needham & Company LLC reissued a "buy" rating and issued a $300.00 target price on shares of AeroVironment in a report on Wednesday, September 10th. Finally, JMP Securities reissued a "market outperform" rating and issued a $325.00 target price on shares of AeroVironment in a report on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $304.69.

AeroVironment Company Profile

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.

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