Chung Wu Investment Group LLC Takes Position in AeroVironment, Inc. $AVAV

Key Points

• Chung Wu Investment Group LLC acquired a new stake in AeroVironment, Inc., purchasing 2,400 shares valued at approximately $684,000 during the second quarter.
• AeroVironment reported EPS of $0.32 for the quarter, missing the consensus estimate by $0.02, with a year-over-year revenue increase of 140%.
• Several analysts have upgraded their ratings and price targets for AeroVironment, with JMP Securities increasing their price target to $400.00 and Needham & Company reaffirming a "buy" rating with a target of $300.00.

Chung Wu Investment Group LLC bought a new stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,400 shares of the aerospace company's stock, valued at approximately $684,000.

Several other hedge funds also recently bought and sold shares of AVAV. Wealth Enhancement Advisory Services LLC purchased a new stake in AeroVironment in the fourth quarter valued at approximately $251,000. GAMMA Investing LLC grew its stake in shares of AeroVironment by 17,752.2% in the first quarter. GAMMA Investing LLC now owns 80,692 shares of the aerospace company's stock valued at $9,618,000 after buying an additional 80,240 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of AeroVironment by 0.3% in the 1st quarter. Rhumbline Advisers now owns 62,969 shares of the aerospace company's stock valued at $7,505,000 after buying an additional 205 shares during the period. NBC Securities Inc. acquired a new position in AeroVironment during the 1st quarter worth about $51,000. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in AeroVironment by 29.2% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 5,029 shares of the aerospace company's stock valued at $599,000 after acquiring an additional 1,136 shares during the period. Hedge funds and other institutional investors own 86.38% of the company's stock.

AeroVironment Trading Up 4.0%

NASDAQ AVAV opened at $374.64 on Monday. The company has a quick ratio of 5.12, a current ratio of 5.96 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $18.71 billion, a P/E ratio of -585.37, a P/E/G ratio of 6.35 and a beta of 0.99. AeroVironment, Inc. has a 52-week low of $102.25 and a 52-week high of $383.80. The firm has a 50-day moving average price of $264.33 and a 200 day moving average price of $211.60.

AeroVironment (NASDAQ:AVAV - Get Free Report) last released its earnings results on Tuesday, September 9th. The aerospace company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate 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%.The business's revenue for the quarter was up 140.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 EPS. AeroVironment has set its FY 2026 guidance at 3.600-3.70 EPS. Equities research analysts expect that AeroVironment, Inc. will post 3.38 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AVAV shares. Citigroup reissued an "outperform" rating on shares of AeroVironment in a research report on Friday. JMP Securities raised their price target on shares of AeroVironment from $325.00 to $400.00 and gave the company a "market outperform" rating in a research report on Friday. 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. KeyCorp began coverage on AeroVironment in a report on Sunday, June 29th. They issued an "overweight" rating for the company. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of AeroVironment in a research note on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $347.14.

Insider Buying and Selling

In related news, CEO Wahid Nawabi sold 17,300 shares of the business's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $263.05, for a total transaction of $4,550,765.00. Following the sale, the chief executive officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.81% of the company's stock.

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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