Kingsview Wealth Management LLC Invests $1.37 Million in AeroVironment, Inc. $AVAV

Key Points

• Kingsview Wealth Management initiated a $1.37 million position in AeroVironment during the second quarter, joining several other institutional investors; institutions now own 86.38% of the company.
• AeroVironment exceeded quarterly expectations with $1.84 EPS and $641.6 million in revenue, up 133.3% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $266.68.
• Despite strong defense demand and recent contract momentum, AVAV shares have fallen sharply from their 52-week high and trade below key moving averages; insiders have also recorded 11 sales and no purchases over six months.

Kingsview Wealth Management LLC bought a new position in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 8,293 shares of the aerospace company's stock, valued at approximately $1,369,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Empowered Funds LLC bought a new stake in AeroVironment during the second quarter valued at about $6,762,000. Equitable Holdings Inc. bought a new position in shares of AeroVironment in the second quarter worth about $1,163,000. Centaurus Financial Inc. bought a new position in shares of AeroVironment in the second quarter worth about $320,000. Coastal Bridge Advisors LLC purchased a new position in shares of AeroVironment during the 2nd quarter valued at about $461,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of AeroVironment during the 2nd quarter valued at about $1,806,000. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AVAV has been the subject of a number of recent research reports. KeyCorp reiterated an "overweight" rating on shares of AeroVironment in a research note on Tuesday, July 28th. Jefferies Financial Group lowered their price target on shares of AeroVironment from $305.00 to $229.00 and set a "buy" rating on the stock in a report on Wednesday, July 1st. Piper Sandler lowered their price target on shares of AeroVironment from $248.00 to $235.00 and set an "overweight" rating on the stock in a report on Thursday, July 9th. Wedbush started coverage on shares of AeroVironment in a research report on Tuesday, June 30th. They issued an "outperform" rating and a $250.00 price target for the company. Finally, Stifel Nicolaus reduced their price objective on shares of AeroVironment from $315.00 to $220.00 and set a "buy" rating for the company in a research note on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $266.68.

Insider Activity at AeroVironment

In other news, CAO Brian Charles Shackley sold 205 shares of AeroVironment stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $201.86, for a total transaction of $41,381.30. Following the sale, the chief accounting officer owned 7,888 shares in the company, valued at $1,592,271.68. This trade represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 business's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $174.41, for a total transaction of $43,602.50. Following the completion of the transaction, 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 705 shares of company stock valued at $132,979 over the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

AeroVironment Stock Performance

NASDAQ AVAV opened at $147.94 on Friday. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of -40.20, a price-to-earnings-growth ratio of 5.05 and a beta of 1.41. The company has a quick ratio of 3.59, a current ratio of 4.30 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $159.76 and a 200-day moving average price of $186.61. AeroVironment, Inc. has a twelve month low of $135.20 and a twelve month high of $417.86.

AeroVironment (NASDAQ:AVAV - Get Free Report) last released its earnings results on Monday, June 29th. The aerospace company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.37. The firm had revenue of $641.62 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the business 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 predict that AeroVironment, Inc. will post 3.25 EPS for the current fiscal year.

Key Headlines Impacting AeroVironment

Here are the key news stories impacting AeroVironment this week:

• Positive Sentiment: AeroVironment received a $51 million U.S. Army order for additional Switchblade 600 loitering munitions. The award reinforces demand for the company’s autonomous weapons systems and supports production expansion ahead of first-quarter earnings. AVAV Stock Rises Overnight: AeroVironment Pockets $51M Army Contract Ahead Of Q1 Earnings
• Positive Sentiment: NASA’s Jet Propulsion Laboratory selected AeroVironment to co-design and co-manufacture three helicopters for the SkyFall Mars mission, potentially launching in 2028. The project broadens AVAV’s unmanned-systems expertise beyond defense and has moved into a formally funded science program. AeroVironment to co-manufacture helicopters for Mars with NASA
• Positive Sentiment: William Blair reiterated a Buy rating, citing strong loitering-munitions demand and the potential for an Army E-HEL laser contract to offset near-term revenue pressure. Analysts also point to AVAV’s multibillion-dollar backlog and international expansion as longer-term supports. Louie DiPalma Reiterates Buy on AeroVironment
• Neutral Sentiment: Management will present at the Jefferies Global Industrials Conference on September 10, giving investors a potential update on orders, production capacity and the outlook.
• Negative Sentiment: Shares have declined from their 52-week peak and trade below both their 50-day and 200-day moving averages, signaling continued bearish momentum. Investors may also be concerned that AVAV’s high-growth outlook is already reflected in its valuation.
• Negative Sentiment: Recent insider activity shows 11 sales and no purchases over six months, including sales by the CFO and other executives. That pattern can weigh on sentiment, although it does not necessarily indicate deteriorating business fundamentals.

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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