Fortis Capital Advisors LLC Makes New $508,000 Investment in AeroVironment, Inc. $AVAV

Key Points

• Fortis Capital Advisors LLC has made a new investment of $508,000 in AeroVironment, Inc., acquiring 4,258 shares of the aerospace company.
• CEO Wahid Nawabi sold 17,300 shares at an average price of $263.05, reducing his stake by 12.40%.
• AeroVironment's stock has received positive ratings from analysts, with a consensus target price of $292.33, indicating strong future potential.

Fortis Capital Advisors LLC acquired a new position in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,258 shares of the aerospace company's stock, valued at approximately $508,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. CoreCap Advisors LLC grew its stake in shares of AeroVironment by 120.2% in the 4th quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock worth $28,000 after buying an additional 101 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of AeroVironment by 171.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company's stock worth $29,000 after buying an additional 154 shares in the last quarter. Spirit of America Management Corp NY purchased a new position in shares of AeroVironment in the 1st quarter worth $36,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of AeroVironment in the 1st quarter worth $40,000. Finally, Signaturefd LLC boosted its stake in shares of AeroVironment by 56.1% during the 1st quarter. Signaturefd LLC now owns 398 shares of the aerospace company's stock worth $47,000 after purchasing an additional 143 shares during the period. 86.38% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

AeroVironment Trading Up 7.0%

Shares of AVAV opened at $247.05 on Thursday. AeroVironment, Inc. has a 1-year low of $102.25 and a 1-year high of $295.90. The company has a 50-day moving average of $251.90 and a 200 day moving average of $191.71. The firm has a market capitalization of $12.34 billion, a price-to-earnings ratio of -386.01 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.52 and a quick ratio of 2.69.

AeroVironment (NASDAQ:AVAV - Get Free Report) last announced its quarterly earnings data on Tuesday, September 9th. The aerospace company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). AeroVironment had a negative net margin of 4.14% and a positive return on equity of 9.45%. The company had revenue of $454.68 million for the quarter, compared to the consensus estimate of $446.16 million. During the same quarter in the previous year, the business earned $0.89 EPS. The company's quarterly revenue was up 140.0% compared to the same quarter last year. AeroVironment has set its FY 2026 guidance at 3.600-3.70 EPS. On average, research analysts expect that AeroVironment, Inc. will post 3.38 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AVAV shares. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $300.00 price target on shares of AeroVironment in a research note on Tuesday. Cantor Fitzgerald started coverage on shares of AeroVironment in a research note on Tuesday, July 8th. They set an "overweight" rating and a $335.00 price target for the company. Citizens Jmp started coverage on shares of AeroVironment in a research note on Monday, August 4th. They set a "strong-buy" rating and a $325.00 price target for the company. Wedbush raised shares of AeroVironment to an "outperform" rating in a research note on Wednesday, June 25th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $300.00 price target on shares of AeroVironment in a research note on Wednesday. Three analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $292.33.

About AeroVironment

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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