AeroVironment, Inc. $AVAV Stock Bought by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its position in AeroVironment, Inc. (NASDAQ:AVAV) by 177.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,300 shares of the aerospace company’s stock after purchasing an additional 4,030 shares during the period. International Assets Investment Management LLC’s holdings in AeroVironment were worth $884,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AVAV. Pekin Hardy Strauss Inc. raised its stake in shares of AeroVironment by 37.9% in the third quarter. Pekin Hardy Strauss Inc. now owns 56,811 shares of the aerospace company’s stock valued at $8,080,000 after buying an additional 15,606 shares during the period. Kestra Advisory Services LLC boosted its stake in AeroVironment by 52.4% during the third quarter. Kestra Advisory Services LLC now owns 14,469 shares of the aerospace company’s stock valued at $2,058,000 after buying an additional 4,976 shares during the period. B&D White Capital Company LLC grew its position in AeroVironment by 759.4% during the third quarter. B&D White Capital Company LLC now owns 59,300 shares of the aerospace company’s stock worth $8,434,000 after buying an additional 52,400 shares in the last quarter. Southern Financial Group LLC increased its stake in AeroVironment by 20.0% in the 3rd quarter. Southern Financial Group LLC now owns 1,479 shares of the aerospace company’s stock worth $210,000 after acquiring an additional 246 shares during the last quarter. Finally, Integrity Alliance LLC. bought a new position in AeroVironment in the 3rd quarter worth about $290,000. 86.38% of the stock is owned by institutional investors.

AeroVironment Stock Up 12.6%

Shares of NASDAQ:AVAV opened at $126.96 on Tuesday. AeroVironment, Inc. has a 52-week low of $100.40 and a 52-week high of $408.25. The firm has a fifty day moving average of $137.12 and a 200 day moving average of $179.98. The firm has a market capitalization of $6.45 billion, a PE ratio of -54.26, a price-to-earnings-growth ratio of 1.78 and a beta of 1.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.33 and a current ratio of 4.26.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Wednesday, September 9th. The aerospace company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.37. AeroVironment had a positive return on equity of 4.04% and a negative net margin of 5.77%. The business had revenue of $480.49 million for the quarter, compared to the consensus estimate of $451.95 million. During the same quarter last year, the business posted $0.32 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. As a group, research analysts anticipate that AeroVironment, Inc. will post 3.26 EPS for the current fiscal year.

Insider Transactions at AeroVironment

In other AeroVironment news, CAO Brian Shackley sold 205 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $201.86, for a total value of $41,381.30. Following the completion of the sale, the chief accounting officer owned 7,888 shares of the company’s stock, valued at $1,592,271.68. This represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen F. Page sold 250 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $152.27, for a total transaction of $38,067.50. Following the transaction, the director owned 48,253 shares in the company, valued at $7,347,484.31. The trade was a 0.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 805 shares of company stock valued at $142,671 over the last quarter. Company insiders own 0.79% of the company’s stock.

Key AeroVironment News

Here are the key news stories impacting AeroVironment this week:

• Positive Sentiment: AeroVironment announced a multiyear IDIQ contract with a ceiling of $940 million, including an initial award of about $315 million for product deliveries and support through its AxS segment. The initial award provides near-term business, while the full contract ceiling represents potential orders rather than guaranteed revenue. Contract announcement
• Positive Sentiment: The award helped lift AVAV and other drone stocks, with investors viewing it as evidence of continued demand for defense and unmanned-system capabilities after a difficult period for the stock. Coverage of the stock reaction
• Neutral Sentiment: Investors are also looking ahead to AeroVironment’s next earnings report. A Zacks article cites the company’s earnings-surprise history and current screening indicators as favorable, but this is an estimate—not a reported result or assurance of a beat. Earnings outlook

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AVAV. Rothschild & Co Redburn began coverage on AeroVironment in a report on Tuesday, October 6th. They issued a “neutral” rating and a $165.00 price target on the stock. Citizens Jmp cut their price objective on AeroVironment from $230.00 to $170.00 and set a “market outperform” rating for the company in a report on Monday, October 19th. The Goldman Sachs Group set a $285.00 price objective on AeroVironment in a report on Thursday, September 17th. Weiss Ratings cut shares of AeroVironment from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, September 18th. Finally, Jefferies Financial Group lowered their target price on shares of AeroVironment from $229.00 to $204.00 and set a “buy” rating on the stock in a research note on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.86.

AeroVironment Company Profile

AeroVironment, Inc develops uncrewed aircraft systems and other technology for defense, government and commercial customers. Its products include small drones used for reconnaissance and surveillance, as well as the Switchblade family of loitering munitions. The company also provides counter-drone systems, training, support and related services.

Founded in 1971 by engineer and inventor Paul MacCready, AeroVironment has a history of developing aircraft and uncrewed systems. Its customers include U.S.