140,965 Shares in AeroVironment, Inc. $AVAV Bought by Tocqueville Asset Management L.P.

Key Points

• Tocqueville Asset Management L.P. acquired a new stake in AeroVironment, Inc. by purchasing 140,965 shares, valued at approximately $16.8 million, representing about 0.50% ownership in the company.
• AeroVironment reported a quarterly earnings per share of $1.61, exceeding analysts' expectations, with revenue increasing 39.6% year-over-year to $275.05 million.
• Several analysts have issued new ratings for AeroVironment, with an average price target of $285.33 and potential upside observed through recommendations categorized as "overweight" and "buy."

Tocqueville Asset Management L.P. bought a new position in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 140,965 shares of the aerospace company's stock, valued at approximately $16,802,000. Tocqueville Asset Management L.P. owned 0.50% of AeroVironment as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AVAV. Alyeska Investment Group L.P. purchased a new stake in shares of AeroVironment in the 4th quarter valued at about $93,759,000. Stephens Investment Management Group LLC raised its holdings 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 valued at $91,000,000 after buying an additional 221,948 shares in the last quarter. Nuveen LLC purchased a new position in shares of AeroVironment during the 1st quarter valued at about $23,501,000. Voya Investment Management LLC raised its holdings in shares of AeroVironment by 1,159.0% during the 4th quarter. Voya Investment Management LLC now owns 140,598 shares of the aerospace company's stock valued at $21,637,000 after buying an additional 129,431 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of AeroVironment during the 4th quarter valued at about $17,158,000. Hedge funds and other institutional investors own 86.38% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. KeyCorp assumed coverage on AeroVironment in a report on Sunday, June 29th. They set an "overweight" rating on the stock. Needham & Company LLC assumed coverage on AeroVironment in a report on Tuesday. They set a "buy" rating and a $300.00 price objective on the stock. Citigroup started coverage on AeroVironment in a report on Monday, August 4th. They set an "outperform" rating on the stock. Canaccord Genuity Group started coverage on AeroVironment in a research note on Monday, August 11th. They issued a "buy" rating and a $305.00 price target on the stock. Finally, Wedbush raised AeroVironment to an "outperform" rating in a research note on Wednesday, June 25th. Three research analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $286.46.

Insider Activity

In other news, CEO Wahid Nawabi sold 17,300 shares of the business's stock in a transaction that occurred on 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.81% of the company's stock.

AeroVironment Trading Down 4.8%

Shares of AVAV traded down $11.95 during mid-day trading on Tuesday, hitting $235.18. 1,000,718 shares of the company's stock traded hands, compared to its average volume of 834,630. The company has a quick ratio of 2.69, a current ratio of 3.52 and a debt-to-equity ratio of 0.03. AeroVironment, Inc. has a 1 year low of $102.25 and a 1 year high of $295.90. The firm has a market capitalization of $11.74 billion, a P/E ratio of 151.73 and a beta of 0.99. The business's 50-day moving average price is $244.07 and its 200-day moving average price is $183.75.

AeroVironment (NASDAQ:AVAV - Get Free Report) last posted its earnings results on Tuesday, June 24th. The aerospace company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.20. AeroVironment had a return on equity of 10.68% and a net margin of 5.32%.The firm had revenue of $275.05 million for the quarter, compared to analysts' expectations of $242.69 million. During the same period in the previous year, the firm earned $0.43 earnings per share. The business's revenue was up 39.6% compared to the same quarter last year. AeroVironment has set its FY 2026 guidance at 2.800-3.000 EPS. As a group, sell-side analysts forecast that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

AeroVironment Company 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.