Harbour Capital Advisors LLC Has $725,000 Stake in AeroVironment, Inc. $AVAV

Key Points

• Harbour Capital Advisors LLC has reduced its stake in AeroVironment, Inc. by 42.9%, selling 1,910 shares during the second quarter, which leaves them with 2,546 shares valued at approximately $725,000 as of the latest SEC filing.
• Recent analyst ratings for AeroVironment emphasize a positive outlook, with several firms issuing target prices between $300.00 and $335.00 and a consensus rating of "Buy."
• AeroVironment reported quarterly revenue growth of 140.0% year-over-year, citing revenue of $454.68 million, despite missing earnings per share estimates by $0.02.

Harbour Capital Advisors LLC reduced its position in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 42.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,546 shares of the aerospace company's stock after selling 1,910 shares during the period. Harbour Capital Advisors LLC's holdings in AeroVironment were worth $725,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in AVAV. MassMutual Private Wealth & Trust FSB increased its holdings in shares of AeroVironment by 171.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company's stock valued at $29,000 after acquiring an additional 154 shares during the last quarter. Spirit of America Management Corp NY acquired a new position in shares of AeroVironment during the 1st quarter valued at about $36,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of AeroVironment during the 1st quarter valued at about $40,000. Signaturefd LLC increased its holdings in shares of AeroVironment by 56.1% during the 1st quarter. Signaturefd LLC now owns 398 shares of the aerospace company's stock valued at $47,000 after acquiring an additional 143 shares during the last quarter. Finally, Rothschild Investment LLC increased its holdings in shares of AeroVironment by 890.7% during the 1st quarter. Rothschild Investment LLC now owns 426 shares of the aerospace company's stock valued at $51,000 after acquiring an additional 383 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company's stock.

AeroVironment Stock Down 1.7%

Shares of AeroVironment stock traded down $4.88 during trading on Friday, reaching $278.55. The stock had a trading volume of 1,989,417 shares, compared to its average volume of 1,014,066. The company has a current ratio of 5.96, a quick ratio of 5.12 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average price of $254.46 and a two-hundred day moving average price of $197.60. The company has a market capitalization of $13.91 billion, a price-to-earnings ratio of -435.23 and a beta of 1.02. AeroVironment, Inc. has a 52 week low of $102.25 and a 52 week high of $295.90.

AeroVironment (NASDAQ:AVAV - Get Free Report) last announced 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). The business had revenue of $454.68 million for the quarter, compared to analyst estimates of $446.16 million. AeroVironment had a positive return on equity of 4.67% and a negative net margin of 4.14%.AeroVironment's quarterly revenue was up 140.0% compared to the same quarter last year. During the same period last year, the firm earned $0.89 EPS. AeroVironment has set its FY 2026 guidance at 3.600-3.70 EPS. Sell-side analysts predict that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other AeroVironment news, CEO Wahid Nawabi sold 17,300 shares of the company's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $263.05, for a total transaction of $4,550,765.00. Following the completion of the sale, the chief executive officer directly owned 122,233 shares in the company, valued at $32,153,390.65. This represents a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AVAV has been the topic of a number of analyst reports. Raymond James Financial set a $225.00 price objective on AeroVironment and gave the company a "strong-buy" rating in a report on Wednesday, June 25th. Zacks Research raised AeroVironment from a "strong sell" rating to a "strong-buy" rating in a report on Monday, August 25th. Bank of America began coverage on AeroVironment in a research note on Thursday. They set a "buy" rating and a $300.00 target price for the company. Citigroup began coverage on AeroVironment in a research note on Monday, August 4th. They set an "outperform" rating for the company. Finally, William Blair restated an "outperform" rating on shares of AeroVironment in a research note on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $292.92.

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.