Texas Permanent School Fund Corp Has $5.06 Million Stock Holdings in AeroVironment, Inc. $AVAV

Texas Permanent School Fund Corp reduced its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 19.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,763 shares of the aerospace company’s stock after selling 4,341 shares during the quarter. Texas Permanent School Fund Corp’s holdings in AeroVironment were worth $5,062,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of AeroVironment by 14.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,478,114 shares of the aerospace company’s stock valued at $991,089,000 after purchasing an additional 433,830 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of AeroVironment by 48.2% in the 1st quarter. Alyeska Investment Group L.P. now owns 902,814 shares of the aerospace company’s stock valued at $107,606,000 after acquiring an additional 293,553 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of AeroVironment by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 678,431 shares of the aerospace company’s stock valued at $193,342,000 after acquiring an additional 6,475 shares in the last quarter. Invesco Ltd. grew its position in AeroVironment by 75.6% during the 2nd quarter. Invesco Ltd. now owns 609,019 shares of the aerospace company’s stock worth $173,540,000 after acquiring an additional 262,239 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in AeroVironment by 16.4% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 531,122 shares of the aerospace company’s stock worth $151,309,000 after purchasing an additional 74,636 shares in the last quarter. Institutional investors own 86.38% of the company’s stock.

AeroVironment Price Performance

AVAV stock opened at $229.10 on Thursday. The company has a quick ratio of 4.29, a current ratio of 5.08 and a debt-to-equity ratio of 0.16. The firm has a market cap of $11.44 billion, a price-to-earnings ratio of -183.28, a PEG ratio of 3.39 and a beta of 1.13. The company’s fifty day simple moving average is $317.68 and its 200 day simple moving average is $276.16. AeroVironment, Inc. has a 12-month low of $102.25 and a 12-month high of $417.86.

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

Insiders Place Their Bets

In other news, insider Trace E. Stevenson sold 1,717 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $381.00, for a total transaction of $654,177.00. Following the transaction, the insider owned 4,907 shares in the company, valued at approximately $1,869,567. This represents a 25.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin Patrick Mcdonnell sold 998 shares of the firm’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $399.74, for a total value of $398,940.52. Following the completion of the sale, the chief financial officer owned 19,324 shares of the company’s stock, valued at approximately $7,724,575.76. This represents a 4.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,739 shares of company stock worth $1,350,585 in the last quarter. 0.81% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AVAV has been the topic of a number of recent research reports. BTIG Research reissued a “buy” rating and set a $415.00 price target on shares of AeroVironment in a research note on Monday, November 24th. Robert W. Baird upped their price target on shares of AeroVironment from $267.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. BNP Paribas Exane started coverage on shares of AeroVironment in a report on Tuesday, November 18th. They set an “outperform” rating and a $355.00 price target on the stock. Raymond James Financial restated a “strong-buy” rating on shares of AeroVironment in a report on Tuesday. Finally, Canaccord Genuity Group set a $400.00 target price on AeroVironment in a report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, AeroVironment currently has an average rating of “Moderate Buy” and a consensus target price of $381.06.

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.