Diversify Advisory Services LLC Makes New Investment in AeroVironment, Inc. $AVAV

Key Points

• Diversify Advisory Services LLC purchased 13,348 AeroVironment shares in the second quarter, valued at approximately $2.06 million. Institutional investors and hedge funds collectively own 86.38% of the company.
• AeroVironment reported quarterly revenue of $641.62 million and adjusted earnings of $1.84 per share, exceeding analyst estimates, while revenue surged 133.3% year over year.
• Shares opened at $174.14 after declining 3.9%; analysts maintain a consensus “Moderate Buy” rating with an average price target of $266.68, despite recent insider sales conducted under 10b5-1 plans.

Diversify Advisory Services LLC purchased a new stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,348 shares of the aerospace company's stock, valued at approximately $2,059,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AVAV. F m Investments LLC acquired a new position in AeroVironment during the fourth quarter worth approximately $1,775,000. Norges Bank acquired a new position in shares of AeroVironment in the 4th quarter valued at $94,655,000. MYDA Advisors LLC acquired a new position in shares of AeroVironment in the 4th quarter valued at $3,628,000. GW&K Investment Management LLC grew its stake in shares of AeroVironment by 289.9% during the 4th quarter. GW&K Investment Management LLC now owns 222,055 shares of the aerospace company's stock valued at $53,714,000 after buying an additional 165,106 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of AeroVironment by 92.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 20,173 shares of the aerospace company's stock valued at $5,168,000 after buying an additional 9,675 shares during the period. Institutional investors and hedge funds own 86.38% of the company's stock.

Insider Activity

In other AeroVironment news, CAO Brian Charles Shackley sold 205 shares of the company's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $201.86, for a total value of $41,381.30. Following the completion of the transaction, the chief accounting officer owned 7,888 shares in the company, valued at $1,592,271.68. This represents a 2.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen F. Page sold 250 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $174.41, for a total value of $43,602.50. Following the completion of the transaction, the director owned 49,001 shares of the company's stock, valued at approximately $8,546,264.41. This represents a 0.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.81% of the company's stock.

AeroVironment Stock Down 3.9%

Shares of NASDAQ AVAV opened at $174.14 on Wednesday. AeroVironment, Inc. has a 12-month low of $135.20 and a 12-month high of $417.86. The company has a market cap of $8.81 billion, a P/E ratio of -47.32, a P/E/G ratio of 6.56 and a beta of 1.41. The company has a current ratio of 4.30, a quick ratio of 3.59 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average price of $162.49 and a 200 day moving average price of $192.46.

AeroVironment (NASDAQ:AVAV - Get Free Report) last released its quarterly earnings data on Monday, June 29th. The aerospace company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.47 by $0.37. The company had revenue of $641.62 million for the quarter, compared to analyst estimates of $555.97 million. AeroVironment had a positive return on equity of 3.71% and a negative net margin of 9.00%.The firm's revenue was up 133.3% compared to the same quarter last year. During the same period last year, the company posted $1.61 earnings per share. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. Research analysts anticipate that AeroVironment, Inc. will post 3.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup restated a "market outperform" rating on shares of AeroVironment in a report on Tuesday, July 28th. BTIG Research reissued a "buy" rating and set a $205.00 price target on shares of AeroVironment in a research report on Thursday, July 9th. Clear Str upgraded AeroVironment to a "strong-buy" rating in a research note on Wednesday, April 29th. Jefferies Financial Group cut their price objective on AeroVironment from $305.00 to $229.00 and set a "buy" rating on the stock in a report on Wednesday, July 1st. Finally, KeyCorp restated an "overweight" rating on shares of AeroVironment in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, AeroVironment currently has a consensus rating of "Moderate Buy" and a consensus price target of $266.68.

AeroVironment Profile

AeroVironment, Inc NASDAQ: AVAV is a technology company specializing in unmanned aerial systems (UAS), tactical missiles and precision loitering munitions, electric vehicle charging and scalable energy systems. Headquartered in Monrovia, California, the company develops solutions for defense, public safety and commercial markets. Their offerings include small UAS for intelligence, surveillance and reconnaissance, as well as advanced weapons systems designed to meet the needs of modern military operations.

The company's unmanned aerial systems portfolio features platforms such as the Raven, Puma and Switchblade series, which are deployed by the U.S.

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