Corient IA LLC Makes New Investment in AeroVironment, Inc. $AVAV

Key Points

• Corient IA LLC invested approximately $298,000 to acquire 2,500 shares of AeroVironment, Inc. during the first quarter.
• AeroVironment has received favorable ratings from several analysts, with a consensus price target of $285.33 and multiple "buy" ratings from companies like Oppenheimer and Robert W. Baird.
• AeroVironment reported a 39.6% year-over-year revenue growth and earnings of $1.61 per share, exceeding analysts' expectations of $1.41.

Corient IA LLC purchased a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,500 shares of the aerospace company's stock, valued at approximately $298,000.

Several other institutional investors and hedge funds have also made changes to their positions in AVAV. Redwood Investments LLC increased its position in AeroVironment by 0.7% in the 4th quarter. Redwood Investments LLC now owns 9,273 shares of the aerospace company's stock valued at $1,427,000 after acquiring an additional 66 shares during the period. Portside Wealth Group LLC grew its holdings in AeroVironment by 4.3% during the 1st quarter. Portside Wealth Group LLC now owns 1,741 shares of the aerospace company's stock valued at $208,000 after buying an additional 71 shares during the last quarter. Mackenzie Financial Corp grew its holdings in AeroVironment by 5.5% during the 4th quarter. Mackenzie Financial Corp now owns 1,601 shares of the aerospace company's stock valued at $246,000 after buying an additional 83 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of AeroVironment by 2.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 3,199 shares of the aerospace company's stock worth $381,000 after purchasing an additional 83 shares during the period. Finally, CoreCap Advisors LLC boosted its holdings in AeroVironment by 120.2% in the fourth quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock valued at $28,000 after acquiring an additional 101 shares during the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.

AeroVironment Price Performance

AVAV traded down $2.54 during midday trading on Wednesday, reaching $232.64. 502,344 shares of the company's stock were exchanged, compared to its average volume of 833,178. AeroVironment, Inc. has a one year low of $102.25 and a one year high of $295.90. The business has a 50-day simple moving average of $244.98 and a two-hundred day simple moving average of $184.11. The company has a quick ratio of 2.69, a current ratio of 3.52 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $11.62 billion, a price-to-earnings ratio of 150.50 and a beta of 0.99.

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

Insiders Place Their Bets

In related news, CEO Wahid Nawabi sold 17,300 shares of the business's 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 completion of the transaction, the chief executive officer owned 122,233 shares in the company, valued at $32,153,390.65. The trade was a 12.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.81% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on AVAV. Needham & Company LLC started coverage on AeroVironment in a research report on Tuesday. They issued a "buy" rating and a $300.00 price objective on the stock. Citizens Jmp initiated coverage on AeroVironment in a report on Monday, August 4th. They set a "strong-buy" rating and a $325.00 target price for the company. Oppenheimer reissued an "outperform" rating on shares of AeroVironment in a report on Sunday, June 29th. William Blair assumed coverage on AeroVironment in a research note on Sunday, June 29th. They set an "outperform" rating for the company. Finally, BTIG Research increased their target price on AeroVironment from $225.00 to $300.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Three investment analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $286.46.

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.