Ballentine Partners LLC Takes $342,000 Position in AeroVironment, Inc. $AVAV

Key Points

• Ballentine Partners LLC has acquired a new stake in AeroVironment, Inc., purchasing 1,200 shares valued at approximately $342,000.
• Analysts have a favorable outlook on AeroVironment, with the stock receiving a consensus rating of "Buy" and an average price target of $295.23.
• Despite reporting a drop in earnings per share for the last quarter, AeroVironment's revenue increased by 140% year-over-year, amounting to $454.68 million.

Ballentine Partners LLC purchased a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,200 shares of the aerospace company's stock, valued at approximately $342,000.

Several other institutional investors have also recently made changes to their positions in AVAV. Thurston Springer Miller Herd & Titak Inc. boosted its position in AeroVironment by 21.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 237 shares of the aerospace company's stock valued at $68,000 after purchasing an additional 42 shares in the last quarter. Portside Wealth Group LLC boosted its position in AeroVironment by 4.3% during the first quarter. Portside Wealth Group LLC now owns 1,741 shares of the aerospace company's stock valued at $208,000 after purchasing an additional 71 shares in the last quarter. Mackenzie Financial Corp boosted its position in AeroVironment by 5.5% during the fourth quarter. Mackenzie Financial Corp now owns 1,601 shares of the aerospace company's stock valued at $246,000 after purchasing an additional 83 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in AeroVironment by 2.7% during the first quarter. Kestra Private Wealth Services LLC now owns 3,199 shares of the aerospace company's stock valued at $381,000 after purchasing an additional 83 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in AeroVironment by 9.5% during the first quarter. Farther Finance Advisors LLC now owns 1,374 shares of the aerospace company's stock valued at $167,000 after purchasing an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 86.38% of the company's stock.

Wall Street Analysts Forecast Growth

AVAV has been the topic of a number of recent research reports. Zacks Research downgraded AeroVironment from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 23rd. Wedbush raised AeroVironment to an "outperform" rating in a research report on Wednesday, June 25th. Cantor Fitzgerald initiated coverage on AeroVironment in a research report on Tuesday, July 8th. They set an "overweight" rating and a $335.00 price objective on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $300.00 price objective on shares of AeroVironment in a research report on Wednesday, September 10th. Finally, Jefferies Financial Group raised their price target on AeroVironment from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $295.23.

Insider Transactions at AeroVironment

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 transaction, the chief executive officer directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.81% of the company's stock.

AeroVironment Trading Down 0.2%

Shares of NASDAQ:AVAV opened at $301.20 on Monday. AeroVironment, Inc. has a 12-month low of $102.25 and a 12-month high of $307.11. The company has a market capitalization of $15.04 billion, a PE ratio of -470.62, a PEG ratio of 5.11 and a beta of 1.03. The business has a 50 day moving average of $257.27 and a two-hundred day moving average of $204.09. 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 results on Tuesday, September 9th. The aerospace company reported $0.32 earnings per share (EPS) 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 company had revenue of $454.68 million during the quarter, compared to analyst estimates of $446.16 million. During the same period in the previous year, the firm posted $0.89 earnings per share. The company's 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. As a group, analysts forecast that AeroVironment, Inc. will post 3.38 EPS for the current year.

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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