MADDEN SECURITIES Corp Sells 5,305 Shares of AeroVironment, Inc. $AVAV

Key Points

• MADDEN SECURITIES Corp has reduced its stake in AeroVironment, Inc. by 45.4%, selling 5,305 shares, and now holds 6,380 shares valued at approximately $1.8 million.
• Several institutional investors have increased their positions in AeroVironment, including Stephens Investment Management Group LLC, which raised its stake by 41% and now owns shares worth $91 million.
• AeroVironment reported lower than expected earnings of $0.32 per share, missing the consensus estimate, but the company's revenue increased by 140% year-over-year.

MADDEN SECURITIES Corp trimmed its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 45.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,380 shares of the aerospace company's stock after selling 5,305 shares during the quarter. MADDEN SECURITIES Corp's holdings in AeroVironment were worth $1,818,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stephens Investment Management Group LLC boosted its stake in shares of AeroVironment by 41.0% during the 1st quarter. Stephens Investment Management Group LLC now owns 763,489 shares of the aerospace company's stock worth $91,000,000 after acquiring an additional 221,948 shares during the last quarter. Penserra Capital Management LLC raised its holdings in AeroVironment by 35.4% in the 1st quarter. Penserra Capital Management LLC now owns 17,873 shares of the aerospace company's stock worth $2,130,000 after purchasing an additional 4,669 shares during the period. Stephens Inc. AR lifted its position in AeroVironment by 94.8% during the first quarter. Stephens Inc. AR now owns 4,415 shares of the aerospace company's stock valued at $526,000 after purchasing an additional 2,148 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in AeroVironment during the first quarter valued at about $1,142,000. Finally, Principal Financial Group Inc. increased its position in AeroVironment by 2.3% in the first quarter. Principal Financial Group Inc. now owns 139,835 shares of the aerospace company's stock worth $16,667,000 after buying an additional 3,183 shares in the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.

AeroVironment Price Performance

AVAV stock opened at $391.88 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 5.12 and a current ratio of 5.96. The company's fifty day moving average price is $266.76 and its 200-day moving average price is $213.46. AeroVironment, Inc. has a one year low of $102.25 and a one year high of $392.82. The company has a market capitalization of $19.57 billion, a PE ratio of -612.30, a price-to-earnings-growth ratio of 6.35 and a beta of 0.99.

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

Insider Activity

In other news, CEO Wahid Nawabi sold 17,300 shares of AeroVironment stock in a transaction dated 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 sale, the chief executive officer directly owned 122,233 shares of the company's stock, valued at approximately $32,153,390.65. The trade was a 12.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.81% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. New Street Research set a $365.00 price objective on AeroVironment in a research report on Wednesday, October 1st. Wedbush raised shares of AeroVironment to an "outperform" rating in a report on Wednesday, June 25th. Weiss Ratings reiterated a "sell (d+)" rating on shares of AeroVironment in a research report on Saturday, September 27th. Royal Bank Of Canada raised their price objective on shares of AeroVironment from $300.00 to $330.00 and gave the company an "outperform" rating in a research report on Thursday, September 25th. Finally, Bank of America started coverage on shares of AeroVironment in a report on Thursday, September 18th. They issued a "buy" rating and a $300.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, AeroVironment has an average rating of "Moderate Buy" and a consensus target price of $347.14.

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.

Want to see what other hedge funds are holding AVAV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AeroVironment, Inc. (NASDAQ:AVAV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.