Flputnam Investment Management Co. purchased a new stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,067 shares of the aerospace company's stock, valued at approximately $1,167,000.
Other institutional investors have also recently made changes to their positions in the company. NewEdge Wealth LLC boosted its holdings in shares of AeroVironment by 1.1% in the 4th quarter. NewEdge Wealth LLC now owns 3,709 shares of the aerospace company's stock valued at $897,000 after buying an additional 39 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in AeroVironment by 3.7% during the fourth quarter. J.W. Cole Advisors Inc. now owns 1,081 shares of the aerospace company's stock worth $261,000 after buying an additional 39 shares during the last quarter. Parkside Financial Bank & Trust raised its position in AeroVironment by 29.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 188 shares of the aerospace company's stock worth $45,000 after acquiring an additional 43 shares in the last quarter. Family Legacy Inc. raised its position in AeroVironment by 2.2% during the fourth quarter. Family Legacy Inc. now owns 2,326 shares of the aerospace company's stock worth $563,000 after acquiring an additional 51 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in AeroVironment by 73.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 139 shares of the aerospace company's stock valued at $34,000 after acquiring an additional 59 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company's stock.
Insiders Place Their Bets
In related news, CAO Brian Charles Shackley sold 205 shares of the company's stock in a transaction on Friday, August 14th. The stock was 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 directly owned 7,888 shares in the company, valued at $1,592,271.68. This represents a 2.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen F. Page sold 250 shares of the firm's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $174.41, for a total value of $43,602.50. Following the completion of the sale, the director directly owned 49,001 shares in the company, valued at $8,546,264.41. This trade represents a 0.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.81% of the stock is currently owned by insiders.
AeroVironment Stock Performance
Shares of AeroVironment stock opened at $181.13 on Tuesday. 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 company has a market cap of $9.17 billion, a PE ratio of -49.22, a price-to-earnings-growth ratio of 6.56 and a beta of 1.41. The company has a 50 day moving average of $162.54 and a 200-day moving average of $193.39. AeroVironment, Inc. has a 1-year low of $135.20 and a 1-year high of $417.86.
AeroVironment (NASDAQ:AVAV - Get Free Report) last announced its quarterly earnings data on Monday, June 29th. The aerospace company reported $1.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.37. The business had revenue of $641.62 million for the quarter, compared to analysts' expectations of $555.97 million. AeroVironment had a negative net margin of 9.00% and a positive return on equity of 3.71%. The firm's quarterly revenue was up 133.3% compared to the same quarter last year. During the same period last year, the firm posted $1.61 earnings per share. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. As a group, equities research analysts forecast that AeroVironment, Inc. will post 3.26 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have recently weighed in on AVAV shares. Clear Str upgraded shares of AeroVironment to a "strong-buy" rating in a research note on Wednesday, April 29th. Citigroup reiterated a "market outperform" rating on shares of AeroVironment in a research note on Tuesday, July 28th. William Blair reiterated an "outperform" rating on shares of AeroVironment in a report on Wednesday, July 15th. Weiss Ratings reissued a "sell (d)" rating on shares of AeroVironment in a research report on Monday, June 8th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, AeroVironment has a consensus rating of "Moderate Buy" and an average target price of $266.68.
Read Our Latest Report on AVAV
AeroVironment Profile
(
Free Report)
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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