Morse Asset Management Inc Purchases 3,251 Shares of AeroVironment, Inc. $AVAV

Morse Asset Management Inc raised its position in AeroVironment, Inc. (NASDAQ:AVAV) by 115.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,067 shares of the aerospace company’s stock after purchasing an additional 3,251 shares during the quarter. Morse Asset Management Inc’s holdings in AeroVironment were worth $1,468,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in AeroVironment by 1.5% in the third quarter. Vanguard Group Inc. now owns 3,530,073 shares of the aerospace company’s stock valued at $1,111,585,000 after purchasing an additional 51,959 shares during the last quarter. Groupama Asset Managment acquired a new stake in shares of AeroVironment in the third quarter valued at about $314,890,000. Van ECK Associates Corp increased its stake in shares of AeroVironment by 17.4% in the third quarter. Van ECK Associates Corp now owns 686,273 shares of the aerospace company’s stock valued at $216,101,000 after buying an additional 101,713 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of AeroVironment by 15.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 614,444 shares of the aerospace company’s stock valued at $193,390,000 after buying an additional 83,322 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of AeroVironment by 17.2% in the second quarter. Ameriprise Financial Inc. now owns 504,270 shares of the aerospace company’s stock valued at $143,692,000 after buying an additional 73,963 shares during the period. 86.38% of the stock is currently owned by institutional investors.

AeroVironment Trading Down 2.5%

NASDAQ AVAV opened at $180.26 on Tuesday. The business has a 50 day simple moving average of $207.62 and a 200 day simple moving average of $267.39. AeroVironment, Inc. has a one year low of $154.39 and a one year high of $417.86. The stock has a market capitalization of $9.00 billion, a P/E ratio of -41.53, a P/E/G ratio of 2.54 and a beta of 1.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.51 and a quick ratio of 4.54.

AeroVironment (NASDAQ:AVAV) last released its earnings results on Tuesday, March 10th. The aerospace company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.04). AeroVironment had a positive return on equity of 3.26% and a negative net margin of 13.93%.The business had revenue of $408.05 million for the quarter, compared to analyst estimates of $487.94 million. During the same period in the prior year, the business earned $0.30 EPS. The company’s revenue for the quarter was up 143.4% on a year-over-year basis. AeroVironment has set its FY 2026 guidance at 2.750-3.100 EPS. Research analysts expect that AeroVironment, Inc. will post 2.94 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Kevin Patrick Mcdonnell sold 396 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $224.55, for a total transaction of $88,921.80. Following the completion of the sale, the chief financial officer owned 16,026 shares of the company’s stock, valued at $3,598,638.30. This trade represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen F. Page sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $197.29, for a total value of $49,322.50. Following the sale, the director directly owned 49,501 shares of the company’s stock, valued at $9,766,052.29. This represents a 0.50% decrease in their position. 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 2,975 shares of company stock valued at $740,324 over the last 90 days. Company insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

AVAV has been the subject of several recent research reports. Citigroup reissued a “market outperform” rating on shares of AeroVironment in a research note on Monday, January 12th. Needham & Company LLC decreased their price target on AeroVironment from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Clear Str raised AeroVironment to a “strong-buy” rating in a research note on Wednesday, April 29th. Piper Sandler decreased their price target on AeroVironment from $391.00 to $290.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Finally, Robert W. Baird decreased their price target on AeroVironment from $260.00 to $235.00 and set an “outperform” rating for the company in a research note on Wednesday, March 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, AeroVironment presently has an average rating of “Moderate Buy” and a consensus price target of $318.78.

AeroVironment Company 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.