Veracity Capital LLC Buys New Stake in AeroVironment, Inc. $AVAV

Veracity Capital LLC purchased a new position in AeroVironment, Inc. (NASDAQ:AVAV) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,565 shares of the aerospace company’s stock, valued at approximately $808,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Partners LLC increased its holdings in shares of AeroVironment by 296.0% in the second quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 74 shares during the last quarter. RMG Wealth Management LLC purchased a new position in AeroVironment during the 2nd quarter valued at approximately $28,000. Bessemer Group Inc. increased its stake in AeroVironment by 60.3% in the 2nd quarter. Bessemer Group Inc. now owns 117 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 44 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of AeroVironment during the 1st quarter worth approximately $40,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of AeroVironment by 5,200.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 159 shares of the aerospace company’s stock worth $45,000 after acquiring an additional 156 shares in the last quarter. Institutional investors own 86.38% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Bank of America initiated coverage on shares of AeroVironment in a report on Thursday, September 18th. They issued a “buy” rating and a $300.00 target price for the company. Robert W. Baird lifted their price objective on shares of AeroVironment from $267.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Needham & Company LLC restated a “buy” rating and issued a $450.00 target price on shares of AeroVironment in a report on Wednesday, December 10th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of AeroVironment in a report on Tuesday. Finally, Citigroup reissued an “outperform” rating on shares of AeroVironment in a research note on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $381.06.

AeroVironment Stock Performance

Shares of NASDAQ:AVAV opened at $229.10 on Thursday. 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 12 month low of $102.25 and a 12 month high of $417.86. The company has a market capitalization 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 firm’s 50-day moving average is $317.68 and its 200 day moving average is $276.16.

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

Insiders Place Their Bets

In other news, CFO Kevin Patrick Mcdonnell sold 998 shares of the business’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $399.74, for a total transaction of $398,940.52. Following the completion of the sale, the chief financial officer directly owned 19,324 shares of the company’s stock, valued at approximately $7,724,575.76. The trade was a 4.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Trace E. Stevenson sold 1,717 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $381.00, for a total transaction of $654,177.00. Following the completion of the transaction, the insider owned 4,907 shares in the company, valued at approximately $1,869,567. The trade was a 25.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,739 shares of company stock valued at $1,350,585. 0.81% of the stock is owned by company insiders.

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.