Atria Wealth Solutions Inc. Buys New Position in AeroVironment, Inc. $AVAV

Key Points

• Atria Wealth Solutions Inc. has invested approximately $326,000 in AeroVironment, acquiring 2,732 shares of the aerospace company.
• Institutional ownership of AeroVironment stands at 86.38%, with several firms significantly increasing their stakes in recent quarters.
• AeroVironment reported a quarterly revenue of $275.05 million, exceeding analyst estimates and marking a 39.6% year-over-year increase.

Atria Wealth Solutions Inc. bought a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,732 shares of the aerospace company's stock, valued at approximately $326,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CoreCap Advisors LLC increased its position in shares of AeroVironment by 120.2% during the fourth quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock valued at $28,000 after buying an additional 101 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of AeroVironment by 171.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company's stock valued at $29,000 after buying an additional 154 shares during the period. Accredited Wealth Management LLC bought a new stake in shares of AeroVironment during the fourth quarter valued at about $31,000. Spirit of America Management Corp NY bought a new stake in shares of AeroVironment during the first quarter valued at about $36,000. Finally, Signaturefd LLC increased its position in shares of AeroVironment by 56.1% during the first quarter. Signaturefd LLC now owns 398 shares of the aerospace company's stock valued at $47,000 after buying an additional 143 shares during the period. 86.38% of the stock is currently owned by institutional investors.

AeroVironment Price Performance

AVAV traded down $9.7770 during midday trading on Tuesday, hitting $237.3530. The stock had a trading volume of 453,849 shares, compared to its average volume of 831,550. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.69 and a current ratio of 3.52. AeroVironment, Inc. has a 1 year low of $102.25 and a 1 year high of $295.90. The business has a fifty day moving average of $244.07 and a 200 day moving average of $183.75. The company has a market cap of $11.85 billion, a P/E ratio of 152.93 and a beta of 0.99.

AeroVironment (NASDAQ:AVAV - Get Free Report) last announced its quarterly earnings data on Tuesday, June 24th. The aerospace company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.20. AeroVironment had a return on equity of 10.68% and a net margin of 5.32%.The firm had revenue of $275.05 million during the quarter, compared to the consensus estimate of $242.69 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The business's revenue was up 39.6% on a year-over-year basis. AeroVironment has set its FY 2026 guidance at 2.800-3.000 EPS. As a group, equities analysts forecast that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other AeroVironment news, CEO Wahid Nawabi sold 17,300 shares of the business's 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 completion of the sale, the chief executive officer owned 122,233 shares in the company, valued at approximately $32,153,390.65. The trade was a 12.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.81% of the company's stock.

Analysts Set New Price Targets

AVAV has been the subject of several recent analyst reports. Wedbush raised AeroVironment to an "outperform" rating in a report on Wednesday, June 25th. Canaccord Genuity Group initiated coverage on AeroVironment in a report on Monday, August 11th. They set a "buy" rating and a $305.00 price objective for the company. Stifel Nicolaus initiated coverage on AeroVironment in a report on Tuesday, June 24th. They set a "buy" rating and a $240.00 price objective for the company. Oppenheimer reissued an "outperform" rating on shares of AeroVironment in a report on Sunday, June 29th. Finally, Wall Street Zen raised AeroVironment from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. Three investment analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company's stock. According to MarketBeat, AeroVironment presently has a consensus rating of "Buy" and a consensus target price of $286.46.

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.