Harbor Capital Advisors Inc. Sells 1,229 Shares of AeroVironment, Inc. $AVAV

Key Points

• Harbor Capital Advisors Inc. reduced its stake in AeroVironment by 15.1%, selling 1,229 shares in the second quarter, leaving it with 6,896 shares valued at approximately $1,965,000.
• AeroVironment's quarterly earnings report revealed earnings of $0.32 per share, missing analysts' expectations, despite revenue increasing by 140% from the previous year.
• The stock is currently being viewed positively, with multiple analysts rating it as a "strong-buy" or "buy", and an average target price of approximately $292.33.

Harbor Capital Advisors Inc. cut its holdings in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 15.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,896 shares of the aerospace company's stock after selling 1,229 shares during the period. Harbor Capital Advisors Inc.'s holdings in AeroVironment were worth $1,965,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AVAV. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of AeroVironment by 21.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 237 shares of the aerospace company's stock valued at $68,000 after buying an additional 42 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in 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 acquiring an additional 154 shares during the last quarter. Spirit of America Management Corp NY bought a new stake in AeroVironment in the 1st quarter worth $36,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of AeroVironment during the 1st quarter valued at about $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 valued at $47,000 after purchasing an additional 143 shares in the last quarter. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

AeroVironment Stock Up 2.3%

Shares of AeroVironment stock opened at $272.07 on Thursday. The firm has a market cap of $13.58 billion, a price-to-earnings ratio of -425.10 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.96 and a quick ratio of 5.12. AeroVironment, Inc. has a 52-week low of $102.25 and a 52-week high of $295.90. The stock has a 50-day simple moving average of $253.25 and a 200-day simple moving average of $195.26.

AeroVironment (NASDAQ:AVAV - Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The aerospace company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. The firm had revenue of $454.68 million for the quarter, compared to analyst estimates of $446.16 million. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The firm'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, equities research analysts expect that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Insider Buying and Selling at AeroVironment

In related 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 transaction, the chief executive officer directly owned 122,233 shares of the company's stock, 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 is accessible through this link. Insiders own 0.81% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AVAV shares. Raymond James Financial set a $225.00 target price on shares of AeroVironment and gave the stock a "strong-buy" rating in a report on Wednesday, June 25th. Royal Bank Of Canada restated an "outperform" rating and issued a $300.00 target price on shares of AeroVironment in a report on Tuesday, September 9th. Zacks Research upgraded shares of AeroVironment from a "strong sell" rating to a "strong-buy" rating in a report on Monday, August 25th. Wedbush upgraded shares of AeroVironment to an "outperform" rating in a report on Wednesday, June 25th. Finally, Oppenheimer restated an "outperform" rating on shares of AeroVironment in a report on Sunday, June 29th. Three equities research analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to MarketBeat.com, AeroVironment presently has an average rating of "Buy" and an average target price of $292.33.

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.

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