Intech Investment Management LLC Grows Stake in AeroVironment, Inc. $AVAV

Key Points

• Intech Investment Management LLC increased its stake in AeroVironment, Inc. by 7.3%, bringing its total holdings to 37,591 shares valued at approximately $4.48 million.
• AeroVironment reported a revenue of $454.68 million for the last quarter, significantly above expectations, and experienced a year-over-year revenue growth of 140%.
• Analysts have a consensus rating of "Buy" for AeroVironment's stock, with price targets reaching as high as $335.00.

Intech Investment Management LLC lifted its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 7.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,591 shares of the aerospace company's stock after buying an additional 2,554 shares during the quarter. Intech Investment Management LLC owned about 0.13% of AeroVironment worth $4,480,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. CoreCap Advisors LLC increased its holdings in AeroVironment by 120.2% during the 4th quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock worth $28,000 after acquiring an additional 101 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings 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 during the last quarter. Spirit of America Management Corp NY bought a new position in shares of AeroVironment in the 1st quarter worth $36,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of AeroVironment in the 1st quarter worth $40,000. Finally, Signaturefd LLC increased its holdings in shares of AeroVironment by 56.1% in the 1st quarter. Signaturefd LLC now owns 398 shares of the aerospace company's stock worth $47,000 after buying an additional 143 shares during the last quarter. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

AeroVironment Trading Up 0.5%

NASDAQ:AVAV opened at $243.00 on Friday. The company has a 50-day moving average price of $251.76 and a 200-day moving average price of $192.95. AeroVironment, Inc. has a 12 month low of $102.25 and a 12 month high of $295.90. The company has a current ratio of 5.96, a quick ratio of 2.69 and a debt-to-equity ratio of 0.16. The stock has a market cap of $12.13 billion, a price-to-earnings ratio of -379.68 and a beta of 1.02.

AeroVironment (NASDAQ:AVAV - Get Free Report) last posted its earnings results on Tuesday, September 9th. The aerospace company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). AeroVironment had a positive return on equity of 4.67% and a negative net margin of 4.14%.The company had revenue of $454.68 million during the quarter, compared to analysts' expectations of $446.16 million. During the same period in the prior year, the business posted $0.89 earnings per share. The company's revenue for the quarter was up 140.0% on a year-over-year basis. AeroVironment has set its FY 2026 guidance at 3.600-3.70 EPS. Equities analysts predict that AeroVironment, Inc. will post 3.38 EPS for the current year.

Insider Activity

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 shares were sold at an average price of $263.05, for a total value of $4,550,765.00. Following the transaction, the chief executive officer 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.81% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Raymond James Financial set a $225.00 target price on shares of AeroVironment and gave the company a "strong-buy" rating in a report on Wednesday, June 25th. William Blair started coverage on shares of AeroVironment in a report on Sunday, June 29th. They set an "outperform" rating on the stock. Wedbush raised shares of AeroVironment to an "outperform" rating in a research report on Wednesday, June 25th. Robert W. Baird increased their price target on shares of AeroVironment from $210.00 to $267.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Finally, Cantor Fitzgerald started coverage on shares of AeroVironment in a research report on Tuesday, July 8th. They set an "overweight" rating and a $335.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $292.33.

AeroVironment Company 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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