Wealth Enhancement Advisory Services LLC Grows Stake in AeroVironment, Inc. $AVAV

Wealth Enhancement Advisory Services LLC grew its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 550.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 178,204 shares of the aerospace company’s stock after purchasing an additional 150,819 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in AeroVironment were worth $56,115,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. US Bancorp DE boosted its holdings in AeroVironment by 13.5% in the 2nd quarter. US Bancorp DE now owns 8,068 shares of the aerospace company’s stock worth $2,299,000 after buying an additional 961 shares during the period. Rheos Capital Works Inc. bought a new stake in AeroVironment during the 3rd quarter valued at approximately $37,787,000. Congress Asset Management Co. lifted its stake in AeroVironment by 1.4% in the 3rd quarter. Congress Asset Management Co. now owns 346,999 shares of the aerospace company’s stock worth $109,267,000 after purchasing an additional 4,745 shares in the last quarter. Wedbush Securities Inc. purchased a new stake in shares of AeroVironment in the second quarter worth about $273,000. Finally, CreativeOne Wealth LLC bought a new position in AeroVironment during the second quarter valued at approximately $309,000. 86.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on AVAV. Piper Sandler reiterated an “overweight” rating on shares of AeroVironment in a research report on Wednesday, December 10th. New Street Research set a $365.00 target price on AeroVironment in a research report on Wednesday, October 1st. Royal Bank Of Canada decreased their price target on AeroVironment from $440.00 to $400.00 and set an “outperform” rating on the stock in a report on Monday, December 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $450.00 price objective on shares of AeroVironment in a research note on Wednesday, December 10th. Finally, BTIG Research reaffirmed a “buy” rating and set a $415.00 price target on shares of AeroVironment in a research note on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $375.41.

Insider Activity at AeroVironment

In related news, CAO Brian Charles Shackley sold 200 shares of the stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $250.92, for a total value of $50,184.00. Following the transaction, the chief accounting officer owned 5,994 shares in the company, valued at approximately $1,504,014.48. This represents a 3.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin Patrick Mcdonnell sold 999 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $367.60, for a total transaction of $367,232.40. Following the completion of the sale, the chief financial officer directly owned 17,301 shares in the company, valued at $6,359,847.60. This trade represents a 5.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,223 shares of company stock valued at $1,092,503 in the last three months. 0.81% of the stock is owned by insiders.

AeroVironment Stock Down 3.2%

Shares of NASDAQ:AVAV traded down $12.56 on Tuesday, reaching $380.30. The company had a trading volume of 395,623 shares, compared to its average volume of 1,756,651. The firm has a market capitalization of $18.99 billion, a PE ratio of -304.47, a PEG ratio of 5.80 and a beta of 1.16. The company has a current ratio of 5.08, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. AeroVironment, Inc. has a 52-week low of $102.25 and a 52-week high of $417.86. The firm’s 50 day simple moving average is $286.11 and its 200-day simple moving average is $291.43.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings data on Tuesday, December 9th. The aerospace company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.43). The company had revenue of $472.51 million for the quarter, compared to the consensus estimate of $466.16 million. AeroVironment had a negative net margin of 5.08% and a positive return on equity of 3.42%. AeroVironment’s revenue for the quarter was up 150.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. AeroVironment has set its FY 2026 guidance at 3.400-3.550 EPS. As a group, analysts expect that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

AeroVironment Profile

AeroVironment, Inc (NASDAQ:AVAV) is a technology company specializing in unmanned aerial systems (UAS), tactical missiles and precision loitering munitions, electric vehicle charging and scalable energy systems. Headquartered in Monrovia, California, the company develops solutions for defense, public safety and commercial markets. Their offerings include small UAS for intelligence, surveillance and reconnaissance, as well as advanced weapons systems designed to meet the needs of modern military operations.

The company’s unmanned aerial systems portfolio features platforms such as the Raven, Puma and Switchblade series, which are deployed by the U.S.