Norden Group LLC Invests $254,000 in AeroVironment, Inc. $AVAV

Key Points

• Norden Group LLC has invested $254,000 in AeroVironment, acquiring 893 shares of the aerospace company during the second quarter.
• AeroVironment reported a 140% increase in quarterly revenue year-over-year despite a slight earnings miss, with revenue of $454.68 million.
• The stock has received multiple upgrades, with analysts generally rating it as a "Buy" or "Outperform," and an average target price set at $295.23.

Norden Group LLC acquired a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 893 shares of the aerospace company's stock, valued at approximately $254,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AVAV. Ameriprise Financial Inc. raised its stake in shares of AeroVironment by 281.6% during the 1st quarter. Ameriprise Financial Inc. now owns 430,307 shares of the aerospace company's stock worth $51,288,000 after purchasing an additional 317,530 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in shares of AeroVironment by 48.2% during the 1st quarter. Alyeska Investment Group L.P. now owns 902,814 shares of the aerospace company's stock worth $107,606,000 after purchasing an additional 293,553 shares in the last quarter. Stephens Investment Management Group LLC raised 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 purchasing an additional 221,948 shares in the last quarter. Nuveen LLC bought a new stake in shares of AeroVironment during the 1st quarter worth approximately $23,501,000. Finally, Tocqueville Asset Management L.P. bought a new stake in shares of AeroVironment during the 1st quarter worth approximately $16,802,000. Institutional investors own 86.38% of the company's stock.

AeroVironment Stock Performance

Shares of NASDAQ AVAV opened at $301.20 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.96 and a quick ratio of 5.12. The stock's fifty day moving average price is $257.27 and its two-hundred day moving average price is $202.97. AeroVironment, Inc. has a one year low of $102.25 and a one year high of $307.11. The firm has a market cap of $15.04 billion, a price-to-earnings ratio of -470.62, a P/E/G ratio of 5.11 and a beta of 1.02.

AeroVironment (NASDAQ:AVAV - Get Free Report) last issued its quarterly earnings data on Tuesday, September 9th. The aerospace company reported $0.32 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $446.16 million. During the same period in the prior year, the company earned $0.89 earnings per share. The business'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 analysts forecast that AeroVironment, Inc. will post 3.38 EPS for the current year.

Insider Buying and Selling

In other AeroVironment news, CEO Wahid Nawabi sold 17,300 shares of the company's stock in a transaction 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 $32,153,390.65. This represents a 12.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AVAV has been the topic of a number of analyst reports. Wedbush upgraded AeroVironment to an "outperform" rating in a research note on Wednesday, June 25th. Wall Street Zen raised AeroVironment from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. Zacks Research lowered AeroVironment from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Jefferies Financial Group boosted their target price on AeroVironment from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, The Goldman Sachs Group began coverage on AeroVironment in a report on Monday, June 30th. They set a "buy" rating and a $301.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, AeroVironment presently has an average rating of "Buy" and an average price target of $295.23.

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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