AeroVironment, Inc. $AVAV Shares Sold by Fortis Capital Advisors LLC

Key Points

• Fortis Capital Advisors LLC reduced its holdings in AeroVironment by 20% during Q2, now owning 3,406 shares valued at approximately $971,000.
• AeroVironment's stock has received several positive ratings from analysts, with the average price target set at $347.14.
• The company reported earnings of $0.32 per share for the latest quarter, missing expectations slightly but showing a revenue increase of 140% year-over-year.

Fortis Capital Advisors LLC lowered its position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 20.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,406 shares of the aerospace company's stock after selling 852 shares during the period. Fortis Capital Advisors LLC's holdings in AeroVironment were worth $971,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AVAV. Mackenzie Financial Corp increased its position in shares of AeroVironment by 5.5% during the fourth quarter. Mackenzie Financial Corp now owns 1,601 shares of the aerospace company's stock worth $246,000 after purchasing an additional 83 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of AeroVironment during the fourth quarter worth about $251,000. GAMMA Investing LLC increased its position in shares of AeroVironment by 17,752.2% during the first quarter. GAMMA Investing LLC now owns 80,692 shares of the aerospace company's stock worth $9,618,000 after purchasing an additional 80,240 shares in the last quarter. Rhumbline Advisers increased its position in shares of AeroVironment by 0.3% during the first quarter. Rhumbline Advisers now owns 62,969 shares of the aerospace company's stock worth $7,505,000 after purchasing an additional 205 shares in the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of AeroVironment during the first quarter worth about $51,000. Institutional investors and hedge funds own 86.38% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AVAV. Cantor Fitzgerald began coverage on AeroVironment in a research report on Tuesday, July 8th. They set an "overweight" rating and a $335.00 target price on the stock. BTIG Research boosted their price target on AeroVironment from $300.00 to $415.00 and gave the company a "buy" rating in a research report on Friday. Robert W. Baird boosted their price target on AeroVironment from $267.00 to $350.00 and gave the company an "outperform" rating in a research report on Wednesday. Citizens Jmp began coverage on AeroVironment in a research report on Monday, August 4th. They issued a "strong-buy" rating and a $325.00 price target on the stock. Finally, Wall Street Zen upgraded AeroVironment from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $347.14.

AeroVironment Price Performance

Shares of AVAV opened at $374.64 on Friday. AeroVironment, Inc. has a twelve month low of $102.25 and a twelve month high of $383.80. The stock's 50 day moving average is $264.33 and its two-hundred day moving average is $210.41. The firm has a market capitalization of $18.71 billion, a PE ratio of -585.37, a P/E/G ratio of 6.11 and a beta of 0.99. The company has a current ratio of 5.96, a quick ratio of 5.12 and a debt-to-equity ratio of 0.16.

AeroVironment (NASDAQ:AVAV - Get Free Report) last announced its quarterly earnings data 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 period in the prior year, the firm posted $0.89 EPS. AeroVironment's revenue for the quarter was up 140.0% compared to the same quarter last year. AeroVironment has set its FY 2026 guidance at 3.600-3.70 EPS. Research analysts anticipate that AeroVironment, Inc. will post 3.38 earnings per share for the current year.

Insiders Place Their Bets

In other AeroVironment 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 owned 122,233 shares of the company's stock, valued at approximately $32,153,390.65. The trade was a 12.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.81% of the company's stock.

AeroVironment 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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