Wealth Enhancement Advisory Services LLC Has $7.80 Million Stock Holdings in AeroVironment, Inc. $AVAV

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in AeroVironment by 23.5% in Q2, owning about 27,385 shares valued at $7.80 million.
• Analysts have set a consensus target price of $292.92 for AeroVironment, with several firms rating the stock as a "buy" or "strong buy".
• CEO Wahid Nawabi sold 17,300 shares of AeroVironment, decreasing his ownership by 12.40%, while still holding over 122,000 shares.

Wealth Enhancement Advisory Services LLC increased its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 23.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,385 shares of the aerospace company's stock after acquiring an additional 5,215 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.06% of AeroVironment worth $7,803,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AVAV. MassMutual Private Wealth & Trust FSB raised its holdings in shares of AeroVironment by 171.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company's stock worth $29,000 after acquiring an additional 154 shares during the period. Spirit of America Management Corp NY acquired a new stake in shares of AeroVironment during the first quarter worth $36,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of AeroVironment during the first quarter worth $40,000. Signaturefd LLC raised its holdings in shares of AeroVironment by 56.1% during the first quarter. Signaturefd LLC now owns 398 shares of the aerospace company's stock worth $47,000 after acquiring an additional 143 shares during the period. Finally, Rothschild Investment LLC raised its holdings in shares of AeroVironment by 890.7% during the first quarter. Rothschild Investment LLC now owns 426 shares of the aerospace company's stock worth $51,000 after acquiring an additional 383 shares during the period. 86.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AVAV shares. Robert W. Baird raised their price objective on shares of AeroVironment from $210.00 to $267.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. JMP Securities restated a "market outperform" rating and set a $325.00 price objective on shares of AeroVironment in a report on Monday, August 18th. Cantor Fitzgerald began coverage on shares of AeroVironment in a research report on Tuesday, July 8th. They issued an "overweight" rating and a $335.00 target price for the company. Jefferies Financial Group raised their target price on shares of AeroVironment from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Raymond James Financial set a $225.00 target price on shares of AeroVironment and gave the company a "strong-buy" rating in a research report on Wednesday, June 25th. Three analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $292.92.

Insider Activity at AeroVironment

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 shares were sold at an average price of $263.05, for a total value 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 approximately $32,153,390.65. The trade was a 12.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.81% of the company's stock.

AeroVironment Stock Performance

Shares of AVAV stock opened at $298.61 on Wednesday. The company has a market capitalization of $14.91 billion, a price-to-earnings ratio of -466.57, a PEG ratio of 4.89 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 5.12 and a current ratio of 5.96. The company has a 50-day simple moving average of $255.61 and a 200 day simple moving average of $199.81. AeroVironment, Inc. has a 52 week low of $102.25 and a 52 week high of $301.12.

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). AeroVironment had a positive return on equity of 4.67% and a negative net margin of 4.14%.The company had revenue of $454.68 million for the quarter, compared to the consensus estimate of $446.16 million. During the same period in the previous year, the firm posted $0.89 EPS. The business's quarterly revenue was up 140.0% on a year-over-year basis. AeroVironment has set its FY 2026 guidance at 3.600-3.70 EPS. On average, sell-side analysts predict 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.