Sageworth Trust Co Purchases Shares of 1,091 AeroVironment, Inc. $AVAV

Key Points

• Sageworth Trust Co has acquired 1,091 shares of AeroVironment, Inc. valued at approximately $311,000, as disclosed in its recent SEC filing.
• AeroVironment received significant upgrades from multiple analysts, with target prices raised to between $301.00 and $350.00, indicating strong growth expectations.
• Despite a revenue surge of 140% year-over-year, AeroVironment posted earnings per share of $0.32, missing analyst expectations by $0.02.

Sageworth Trust Co purchased a new stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,091 shares of the aerospace company's stock, valued at approximately $311,000.

A number of other large investors also recently bought and sold shares of AVAV. Mackenzie Financial Corp lifted its holdings in AeroVironment by 5.5% in the fourth quarter. Mackenzie Financial Corp now owns 1,601 shares of the aerospace company's stock valued at $246,000 after acquiring an additional 83 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of AeroVironment during the 4th quarter worth approximately $251,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of AeroVironment by 171.1% during 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 period. GAMMA Investing LLC raised its stake in shares of AeroVironment by 17,752.2% during the 1st quarter. GAMMA Investing LLC now owns 80,692 shares of the aerospace company's stock worth $9,618,000 after buying an additional 80,240 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of AeroVironment by 0.3% during the 1st quarter. Rhumbline Advisers now owns 62,969 shares of the aerospace company's stock worth $7,505,000 after buying an additional 205 shares during the period. 86.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Wahid Nawabi sold 17,300 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $263.05, for a total transaction of $4,550,765.00. Following the completion of the transaction, the chief executive officer directly owned 122,233 shares in the company, valued at $32,153,390.65. This trade represents a 12.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.81% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on AVAV. Oppenheimer reissued an "outperform" rating on shares of AeroVironment in a research note on Sunday, June 29th. The Goldman Sachs Group began coverage on AeroVironment in a report on Monday, June 30th. They issued a "buy" rating and a $301.00 target price for the company. Robert W. Baird upped their target price on AeroVironment from $267.00 to $350.00 and gave the company an "outperform" rating in a report on Wednesday. Royal Bank Of Canada upped their target price on AeroVironment from $300.00 to $330.00 and gave the company an "outperform" rating in a report on Thursday, September 25th. Finally, Citizens Jmp began coverage on AeroVironment in a report on Monday, August 4th. They issued a "strong-buy" rating and a $325.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, AeroVironment has an average rating of "Buy" and a consensus price target of $320.64.

AeroVironment Stock Performance

NASDAQ AVAV opened at $346.08 on Thursday. The stock has a market cap of $17.28 billion, a PE ratio of -540.74, a P/E/G ratio of 5.34 and a beta of 0.99. The company has a current ratio of 5.96, a quick ratio of 5.12 and a debt-to-equity ratio of 0.16. AeroVironment, Inc. has a twelve month low of $102.25 and a twelve month high of $346.24. The stock has a fifty day simple moving average of $260.52 and a 200-day simple moving average of $207.07.

AeroVironment (NASDAQ:AVAV - Get Free Report) last released its quarterly earnings results on Tuesday, September 9th. The aerospace company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $454.68 million for the quarter, compared to analysts' expectations of $446.16 million. During the same quarter in the prior year, the company posted $0.89 earnings per share. The business's revenue for the quarter was up 140.0% compared to the same quarter last year. AeroVironment has set its FY 2026 guidance at 3.600-3.70 EPS. Equities analysts anticipate that AeroVironment, Inc. will post 3.38 earnings per share for the current year.

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.

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