Deutsche Bank AG Has $5.04 Million Holdings in AeroVironment, Inc. $AVAV

Deutsche Bank AG cut its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 3.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,286 shares of the aerospace company's stock after selling 1,298 shares during the period. Deutsche Bank AG owned about 0.15% of AeroVironment worth $5,040,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Redwood Investments LLC lifted its position in shares of AeroVironment by 0.7% during the fourth quarter. Redwood Investments LLC now owns 9,273 shares of the aerospace company's stock worth $1,427,000 after purchasing an additional 66 shares during the last quarter. Portside Wealth Group LLC increased its position in AeroVironment by 4.3% in the first quarter. Portside Wealth Group LLC now owns 1,741 shares of the aerospace company's stock worth $208,000 after buying an additional 71 shares during the period. Mackenzie Financial Corp raised its holdings in shares of 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 buying an additional 83 shares during the last quarter. Kestra Private Wealth Services LLC boosted its position in 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 acquiring an additional 83 shares during the period. Finally, CoreCap Advisors LLC grew its stake in shares of AeroVironment by 120.2% in the fourth quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock worth $28,000 after purchasing an additional 101 shares in the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AeroVironment news, CEO Wahid Nawabi sold 17,300 shares of the firm'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 sale, the chief executive officer owned 122,233 shares in the company, valued at approximately $32,153,390.65. This trade represents a 12.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AVAV shares. Stifel Nicolaus started coverage on shares of AeroVironment in a report on Tuesday, June 24th. They issued a "buy" rating and a $240.00 price objective for the company. Royal Bank Of Canada raised their price objective on shares of AeroVironment from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Cantor Fitzgerald assumed coverage on AeroVironment in a research report on Tuesday, July 8th. They set an "overweight" rating and a $335.00 target price on the stock. Citigroup started coverage on shares of AeroVironment in a research report on Monday, August 4th. They set an "outperform" rating on the stock. Finally, The Goldman Sachs Group started coverage on shares of AeroVironment in a research report on Monday, June 30th. They issued a "buy" rating and a $301.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $286.46.

AeroVironment Stock Performance

Shares of NASDAQ:AVAV traded down $2.45 during trading on Wednesday, reaching $232.73. The stock had a trading volume of 391,224 shares, compared to its average volume of 832,688. The stock has a fifty 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. AeroVironment, Inc. has a 52 week low of $102.25 and a 52 week high of $295.90. The firm has a market capitalization of $11.62 billion, a price-to-earnings ratio of 150.15 and a beta of 0.99.

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

AeroVironment 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.