California State Teachers Retirement System Sells 229 Shares of AeroVironment, Inc. $AVAV

California State Teachers Retirement System lessened its position in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,651 shares of the aerospace company's stock after selling 229 shares during the quarter. California State Teachers Retirement System owned about 0.07% of AeroVironment worth $6,215,051 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. AlphaGrep UK Ltd acquired a new position in shares of AeroVironment during the 2nd quarter worth approximately $1,277,000. Markowski Investments bought a new stake in shares of AeroVironment in the second quarter valued at about $34,000. Oakmont Investment Advisors Inc. bought a new stake in shares of AeroVironment during the second quarter worth $1,618,000. TD Waterhouse Canada Inc. grew its holdings in AeroVironment by 89.5% during the second quarter. TD Waterhouse Canada Inc. now owns 360 shares of the aerospace company's stock valued at $62,000 after purchasing an additional 170 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in shares of AeroVironment by 280.6% in the second quarter. Concurrent Investment Advisors LLC now owns 4,229 shares of the aerospace company's stock valued at $698,000 after acquiring an additional 3,118 shares during the last quarter. 86.38% of the stock is owned by institutional investors and hedge funds.

AeroVironment Trading Up 2.9%

Shares of NASDAQ:AVAV traded up $4.41 during trading on Tuesday, hitting $157.81. 1,729,440 shares of the company's stock were exchanged, compared to its average volume of 1,687,922. The firm has a 50-day moving average price of $156.94 and a two-hundred day moving average price of $177.43. AeroVironment, Inc. has a 1-year low of $135.20 and a 1-year high of $417.86. The firm has a market cap of $8.02 billion, a P/E ratio of -67.40, a PEG ratio of 5.06 and a beta of 1.41. The company has a current ratio of 4.26, a quick ratio of 3.33 and a debt-to-equity ratio of 0.17.

AeroVironment (NASDAQ:AVAV - Get Free Report) last announced its quarterly earnings data on Wednesday, September 9th. The aerospace company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.22 by $0.37. The business had revenue of $480.49 million during the quarter, compared to the consensus estimate of $451.95 million. AeroVironment had a negative net margin of 5.77% and a positive return on equity of 4.04%. The company's revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 earnings per share. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. Equities analysts predict that AeroVironment, Inc. will post 3.22 earnings per share for the current year.

Trending Headlines about AeroVironment

Here are the key news stories impacting AeroVironment this week:

• Positive Sentiment: Goldman Sachs reiterated its Buy rating and maintained a $326 price target, citing strong growth visibility and upcoming program catalysts. The target implies substantial potential upside from recent trading levels. AeroVironment Buy Rating Reiterated
• Positive Sentiment: AeroVironment won a reported $465 million Army high-energy laser weapons contract, reinforcing its position in counter-drone and directed-energy systems. The company also recently reported record revenue, supporting expectations for continued defense-sector demand. Defense Stocks Riding the High-Energy Laser Boom
• Positive Sentiment: BlueHalo, AeroVironment’s subsidiary, secured a $99.8 million U.S. Air Force space contract, adding to the company’s defense backlog and broadening its exposure beyond drones. BlueHalo Wins Air Force Space Contract
• Positive Sentiment: Nominal announced a strategic collaboration with AeroVironment to provide test and production-data infrastructure for mission-critical defense hardware. The partnership could help accelerate manufacturing across multiple programs, although financial terms were not disclosed. Nominal Partners with AeroVironment
• Positive Sentiment: ARK Invest purchased 29,016 AVAV shares, while recent contracts and a record backlog strengthened the bullish narrative around future growth. ARK Invest Buys AeroVironment Shares
• Neutral Sentiment: The recent rebound has outpaced several smaller drone peers, reflecting renewed investor interest after AeroVironment’s quarterly results. However, the stock remains volatile and substantially below its 12-month peak. AeroVironment Post-Earnings Recovery
• Negative Sentiment: Berger Montague is investigating whether AeroVironment’s board breached fiduciary duties by allegedly failing to disclose competition for work under the Space Force’s SCAR program. The investigation is preliminary, but it creates legal and governance overhang. Berger Montague AeroVironment Investigation

Insiders Place Their Bets

In other news, Director Stephen F. Page sold 250 shares of AeroVironment stock in a transaction on Monday, August 17th. The stock was sold at an average price of $191.98, for a total value of $47,995.00. Following the completion of the sale, the director directly owned 48,503 shares of the company's stock, valued at approximately $9,311,605.94. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Brian Shackley sold 205 shares of the firm's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $201.86, for a total transaction of $41,381.30. Following the completion of the sale, the chief accounting officer owned 7,888 shares of the company's stock, valued at approximately $1,592,271.68. The trade was a 2.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.79% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AVAV shares. Stifel Nicolaus dropped their price objective on AeroVironment from $315.00 to $220.00 and set a "buy" rating on the stock in a research note on Tuesday, June 30th. Citizens Jmp reissued a "market outperform" rating and set a $230.00 price target on shares of AeroVironment in a report on Thursday, September 10th. Raymond James Financial raised AeroVironment from a "market perform" rating to an "outperform" rating and set a $210.00 price objective on the stock in a research report on Thursday, July 16th. BTIG Research restated a "buy" rating and issued a $205.00 target price on shares of AeroVironment in a research report on Thursday, September 10th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of AeroVironment in a report on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $247.79.

AeroVironment Profile

AeroVironment, Inc is a defense technology company that develops and produces unmanned aircraft systems, loitering munitions, counter-unmanned aircraft systems and related robotic technologies. Its products are designed for intelligence, surveillance and reconnaissance, precision strike, force protection and tactical communications applications.

The company's portfolio includes the Raven, Puma and Wasp small unmanned aircraft systems; the JUMP 20 vertical takeoff and landing aircraft; and the Switchblade family of loitering munitions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.