Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 84,673 shares of the aerospace company's stock, valued at approximately $13,977,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.17% of AeroVironment as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in the stock. NewEdge Wealth LLC lifted its stake in shares of AeroVironment by 1.1% during the fourth quarter. NewEdge Wealth LLC now owns 3,709 shares of the aerospace company's stock valued at $897,000 after buying an additional 39 shares during the period. J.W. Cole Advisors Inc. grew its stake in AeroVironment by 3.7% in the 4th quarter. J.W. Cole Advisors Inc. now owns 1,081 shares of the aerospace company's stock worth $261,000 after acquiring an additional 39 shares during the period. Parkside Financial Bank & Trust grew its stake in AeroVironment by 29.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 188 shares of the aerospace company's stock worth $45,000 after acquiring an additional 43 shares during the period. Family Legacy Inc. raised its holdings in AeroVironment by 2.2% in the 4th quarter. Family Legacy Inc. now owns 2,326 shares of the aerospace company's stock valued at $563,000 after acquiring an additional 51 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in shares of AeroVironment by 73.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 139 shares of the aerospace company's stock worth $34,000 after purchasing an additional 59 shares during the period. 86.38% of the stock is owned by institutional investors and hedge funds.
AeroVironment Stock Performance
Shares of AVAV stock opened at $159.79 on Friday. The stock has a market capitalization of $8.12 billion, a price-to-earnings ratio of -43.42, a PEG ratio of 5.87 and a beta of 1.41. AeroVironment, Inc. has a one year low of $135.20 and a one year high of $417.86. The company's 50-day simple moving average is $162.01 and its 200-day simple moving average is $190.77. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.59 and a current ratio of 4.30.
AeroVironment (NASDAQ:AVAV - Get Free Report) last posted its quarterly earnings results on Monday, June 29th. The aerospace company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.37. The business had revenue of $641.62 million for the quarter, compared to analyst estimates of $555.97 million. AeroVironment had a positive return on equity of 3.71% and a negative net margin of 9.00%.The business's revenue was up 133.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.61 EPS. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. Equities analysts anticipate that AeroVironment, Inc. will post 3.26 earnings per share for the current fiscal year.
Insider Activity at AeroVironment
In other AeroVironment news, CAO Brian Charles Shackley sold 205 shares of the company's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $201.86, for a total value of $41,381.30. Following the completion of the sale, the chief accounting officer directly owned 7,888 shares in the company, valued at $1,592,271.68. This represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen F. Page sold 250 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $191.98, for a total value of $47,995.00. Following the completion of the sale, the director owned 48,503 shares of the company's stock, valued at approximately $9,311,605.94. 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. Over the last 90 days, insiders sold 705 shares of company stock worth $132,979. 0.81% of the stock is owned by insiders.
Analysts Set New Price Targets
AVAV has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of AeroVironment from a "strong sell" rating to a "hold" rating in a report on Monday, May 4th. KeyCorp reaffirmed an "overweight" rating on shares of AeroVironment in a research note on Tuesday, July 28th. Citigroup reiterated a "market outperform" rating on shares of AeroVironment in a report on Tuesday, July 28th. Clear Str raised shares of AeroVironment to a "strong-buy" rating in a research note on Wednesday, April 29th. Finally, Canaccord Genuity Group dropped their price objective on AeroVironment from $280.00 to $240.00 and set a "buy" rating for the company in a report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, AeroVironment currently has an average rating of "Moderate Buy" and a consensus price target of $266.68.
Check Out Our Latest Analysis on AVAV
More AeroVironment News
Here are the key news stories impacting AeroVironment this week:
- Positive Sentiment: International expansion: AeroVironment announced plans to establish an industrial presence in Greece through AV Eagle, a joint venture with Eyeonix SA. The venture has received Foreign Direct Investment approval and builds on more than a decade of cooperation, potentially strengthening AVAV’s European defense footprint and access to regional opportunities. AeroVironment to Establish Industrial Presence in Greece Through AV Eagle
- Positive Sentiment: Analyst support: Clear Street initiated or reiterated a “Buy” view on AVAV, adding to generally favorable analyst sentiment. The company’s latest quarter also showed strong momentum, with revenue up 133.3% year over year and earnings exceeding consensus estimates. AeroVironment Gets a Buy from Clear Street
- Neutral Sentiment: Propulsion growth opportunity: AeroVironment is expanding propulsion capabilities across electric, hybrid and unmanned aircraft technologies. The work could support future aviation applications, but the article does not identify a specific contract or near-term financial impact. Can AeroVironment’s Propulsion Capabilities Support Future Growth?
- Negative Sentiment: Legal overhang: Berger Montague and Grabar Law Office announced shareholder investigations into whether AeroVironment’s board adequately disclosed potential competition for SCAR program work. The investigations could increase litigation, disclosure and reputational risks, although no wrongdoing has been established. Berger Montague Investigation of AeroVironment Grabar Law Office Investigation
- Negative Sentiment: Insider selling: Director Stephen Page sold 250 shares worth approximately $48,000. The transaction represented only 0.51% of his holdings and was executed under a pre-arranged Rule 10b5-1 plan, limiting its significance but still adding modest negative sentiment. AeroVironment Director Sells 250 Shares
About AeroVironment
(
Free Report)
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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