Strs Ohio Takes Position in AeroVironment, Inc. $AVAV

Key Points

• Strs Ohio acquired a new stake in AeroVironment, Inc. by purchasing 1,600 shares, valued at approximately $191,000, during the first quarter, as reported in a Form 13F filing.
• AeroVironment reported revenue growth of 140% year-over-year for the quarter, with earnings per share (EPS) of $0.32, missing estimates by $0.02.
• Analysts have a positive outlook on AeroVironment, with an average rating of "Buy" and a consensus target price of $292.92 for the stock.

Strs Ohio acquired a new stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,600 shares of the aerospace company's stock, valued at approximately $191,000.

Other institutional investors also recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC raised its holdings in AeroVironment by 41.0% during the first 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. Penserra Capital Management LLC raised its holdings in AeroVironment by 35.4% during the first 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 in the last quarter. Stephens Inc. AR raised its holdings in AeroVironment by 94.8% during the first quarter. Stephens Inc. AR now owns 4,415 shares of the aerospace company's stock worth $526,000 after purchasing an additional 2,148 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in AeroVironment during the first quarter worth approximately $1,142,000. Finally, Principal Financial Group Inc. raised its holdings in AeroVironment by 2.3% during the first quarter. Principal Financial Group Inc. now owns 139,835 shares of the aerospace company's stock worth $16,667,000 after purchasing an additional 3,183 shares in the last quarter. Hedge funds and other institutional investors own 86.38% of the company's stock.

AeroVironment Price Performance

Shares of AVAV opened at $301.52 on Thursday. The stock's fifty day moving average is $256.27 and its 200-day moving average is $200.51. The firm has a market capitalization of $15.05 billion, a price-to-earnings ratio of -471.12, a price-to-earnings-growth ratio of 5.07 and a beta of 1.02. AeroVironment, Inc. has a one year low of $102.25 and a one year high of $307.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 5.12 and a current ratio of 5.96.

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

Insiders Place Their Bets

In other AeroVironment 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 transaction of $4,550,765.00. Following the transaction, the chief executive officer owned 122,233 shares of the company's stock, valued at $32,153,390.65. The trade was a 12.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AVAV shares. William Blair reiterated an "outperform" rating on shares of AeroVironment in a research report on Tuesday, September 16th. Cantor Fitzgerald began coverage on shares of AeroVironment in a research note on Tuesday, July 8th. They issued an "overweight" rating and a $335.00 target price for the company. Robert W. Baird upped their price objective on shares of AeroVironment from $210.00 to $267.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Citigroup assumed coverage on shares of AeroVironment in a research report on Monday, August 4th. They set an "outperform" rating for the company. Finally, BTIG Research restated a "buy" rating and issued a $300.00 price target on shares of AeroVironment in a report on Friday, September 19th. Three analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $292.92.

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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