State of Alaska Department of Revenue Decreases Position in AeroVironment, Inc. $AVAV

State of Alaska Department of Revenue lessened its position in AeroVironment, Inc. (NASDAQ:AVAV) by 79.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,480 shares of the aerospace company’s stock after selling 13,290 shares during the quarter. State of Alaska Department of Revenue’s holdings in AeroVironment were worth $1,095,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AVAV. Amalgamated Bank increased its position in shares of AeroVironment by 0.6% during the second quarter. Amalgamated Bank now owns 8,023 shares of the aerospace company’s stock worth $2,286,000 after acquiring an additional 44 shares during the period. Bessemer Group Inc. increased its holdings in shares of AeroVironment by 60.3% in the second quarter. Bessemer Group Inc. now owns 117 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 44 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of AeroVironment by 1.7% during the second quarter. Ameritas Investment Partners Inc. now owns 2,885 shares of the aerospace company’s stock worth $822,000 after purchasing an additional 48 shares during the period. ORG Partners LLC boosted its holdings in shares of AeroVironment by 296.0% in the 2nd quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 74 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in AeroVironment by 5.1% during the second quarter. Linden Thomas Advisory Services LLC now owns 2,025 shares of the aerospace company’s stock worth $577,000 after acquiring an additional 99 shares during the period. 86.38% of the stock is owned by institutional investors.

Insider Activity at AeroVironment

In related news, CFO Kevin Patrick Mcdonnell sold 999 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $367.60, for a total transaction of $367,232.40. Following the sale, the chief financial officer directly owned 17,301 shares of the company’s stock, valued at approximately $6,359,847.60. This represents a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen F. Page sold 1,000 shares of AeroVironment stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $377.62, for a total value of $377,620.00. Following the completion of the transaction, the director owned 51,001 shares of the company’s stock, valued at approximately $19,258,997.62. The trade was a 1.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 3,223 shares of company stock valued at $1,092,503. Insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

AVAV has been the topic of several recent analyst reports. BNP Paribas raised shares of AeroVironment to a “strong-buy” rating in a report on Tuesday, November 18th. JMP Securities increased their target price on shares of AeroVironment from $325.00 to $400.00 and gave the stock a “market outperform” rating in a research note on Friday, October 3rd. KeyCorp set a $285.00 price objective on AeroVironment in a report on Thursday, December 18th. Robert W. Baird increased their price objective on AeroVironment from $267.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, Stifel Nicolaus increased their price objective on shares of AeroVironment from $295.00 to $389.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $375.41.

AeroVironment Stock Performance

AeroVironment stock opened at $392.86 on Friday. The company has a market capitalization of $19.62 billion, a price-to-earnings ratio of -314.29, a PEG ratio of 5.80 and a beta of 1.16. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.08. The stock has a fifty day moving average of $284.93 and a two-hundred day moving average of $290.09. AeroVironment, Inc. has a fifty-two week low of $102.25 and a fifty-two week high of $417.86.

AeroVironment (NASDAQ:AVAV) last announced 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). The company had revenue of $472.51 million for the quarter, compared to analysts’ expectations of $466.16 million. AeroVironment had a positive return on equity of 3.42% and a negative net margin of 5.08%.The company’s revenue was up 150.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 earnings per share. AeroVironment has set its FY 2026 guidance at 3.400-3.550 EPS. On average, analysts anticipate that AeroVironment, Inc. will post 3.38 EPS 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.