Belpointe Asset Management LLC Invests $508,000 in AeroVironment, Inc. $AVAV

Key Points

• Belpointe Asset Management LLC invested $508,000 in AeroVironment, purchasing 4,258 shares during the first quarter.
• Several hedge funds increased their stakes in AeroVironment, with Alyeska Investment Group L.P. boosting its stake by 48.2% to own over $107 million worth of shares.
• AeroVironment reported a revenue increase of 140% year-over-year, with quarterly earnings per share of $0.32, slightly below analysts' expectations.

Belpointe Asset Management LLC bought a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,258 shares of the aerospace company's stock, valued at approximately $508,000.

Several other hedge funds have also made changes to their positions in the business. Alyeska Investment Group L.P. boosted its stake in shares of 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 boosted its stake in shares of 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of AeroVironment by 7.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,486 shares of the aerospace company's stock worth $54,409,000 after buying an additional 33,169 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of 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. Finally, Congress Asset Management Co. boosted its stake in shares of AeroVironment by 9.0% during the first quarter. Congress Asset Management Co. now owns 363,316 shares of the aerospace company's stock worth $43,304,000 after buying an additional 30,123 shares during the period. Institutional investors and hedge funds own 86.38% of the company's stock.

Wall Street Analyst Weigh In

AVAV has been the subject of several analyst reports. Citigroup initiated coverage on shares of AeroVironment in a report on Monday, August 4th. They set an "outperform" rating for the company. BTIG Research reissued a "buy" rating and set a $300.00 price target on shares of AeroVironment in a report on Thursday. Oppenheimer reissued an "outperform" rating on shares of AeroVironment in a report on Sunday, June 29th. The Goldman Sachs Group initiated coverage on shares of AeroVironment in a report on Monday, June 30th. They set a "buy" rating and a $301.00 price target for the company. Finally, Wedbush raised shares of AeroVironment to an "outperform" rating in a report on Wednesday, June 25th. Three equities research analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $292.33.

Insider Activity at AeroVironment

In other news, CEO Wahid Nawabi sold 17,300 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were 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. 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 through the SEC website. 0.81% of the stock is owned by corporate insiders.

AeroVironment Stock Up 0.5%

AVAV stock opened at $243.00 on Friday. The company's 50 day simple moving average is $251.76 and its 200-day simple moving average is $193.23. The firm has a market capitalization of $12.13 billion, a PE ratio of -379.68 and a beta of 1.02. AeroVironment, Inc. has a 12 month low of $102.25 and a 12 month high of $295.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.96 and a quick ratio of 2.69.

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