Voya Investment Management LLC Acquires 32,921 Shares of AeroVironment, Inc. $AVAV

Voya Investment Management LLC grew its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 23.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 173,519 shares of the aerospace company's stock after purchasing an additional 32,921 shares during the quarter. Voya Investment Management LLC owned about 0.61% of AeroVironment worth $20,682,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its holdings 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 valued at $29,000 after purchasing an additional 154 shares in the last quarter. Spirit of America Management Corp NY bought a new position in shares of AeroVironment during the 1st quarter valued at $36,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of AeroVironment during the 1st quarter valued at $40,000. Signaturefd LLC raised its holdings in shares of AeroVironment by 56.1% during the 1st quarter. Signaturefd LLC now owns 398 shares of the aerospace company's stock valued at $47,000 after purchasing an additional 143 shares in the last quarter. Finally, Rothschild Investment LLC raised its holdings in shares of AeroVironment by 890.7% during the 1st quarter. Rothschild Investment LLC now owns 426 shares of the aerospace company's stock valued at $51,000 after purchasing an additional 383 shares in the last quarter. Institutional investors own 86.38% of the company's stock.

AeroVironment Stock Performance

Shares of AVAV opened at $243.00 on Monday. The company has a market capitalization of $12.13 billion, a PE ratio of -379.68 and a beta of 1.03. AeroVironment, Inc. has a one year low of $102.25 and a one year high of $295.90. 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 company's fifty day moving average price is $251.76 and its 200 day moving average price is $193.52.

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of AeroVironment in a report on Tuesday, July 8th. They set an "overweight" rating and a $335.00 price target on the stock. Oppenheimer restated an "outperform" rating on shares of AeroVironment in a report on Sunday, June 29th. KeyCorp began coverage on shares of AeroVironment in a report on Sunday, June 29th. They set an "overweight" rating on the stock. Zacks Research upgraded shares of AeroVironment from a "strong sell" rating to a "strong-buy" rating in a report on Monday, August 25th. Finally, Stifel Nicolaus began coverage on shares of AeroVironment in a report on Tuesday, June 24th. They issued a "buy" rating and a $240.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $292.33.

Insider Transactions at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 17,300 shares of the firm's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $263.05, for a total value of $4,550,765.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.81% of the stock is owned by corporate insiders.

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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