Leonteq Securities AG Purchases 3,303 Shares of AeroVironment, Inc. $AVAV

Leonteq Securities AG grew its position in AeroVironment, Inc. (NASDAQ:AVAVFree Report) by 84.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,201 shares of the aerospace company’s stock after buying an additional 3,303 shares during the period. Leonteq Securities AG’s holdings in AeroVironment were worth $1,318,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. KERR FINANCIAL PLANNING Corp bought a new position in AeroVironment during the third quarter worth about $29,000. Huntington National Bank grew its stake in AeroVironment by 72.1% in the third quarter. Huntington National Bank now owns 105 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 44 shares during the period. Hilton Head Capital Partners LLC bought a new stake in shares of AeroVironment in the fourth quarter worth about $26,000. Tema Etfs LLC bought a new stake in shares of AeroVironment in the fourth quarter worth about $26,000. Finally, National Bank of Canada FI raised its position in shares of AeroVironment by 230.3% during the third quarter. National Bank of Canada FI now owns 109 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 76 shares during the period. Institutional investors own 86.38% of the company’s stock.

Key Headlines Impacting AeroVironment

Here are the key news stories impacting AeroVironment this week:

AeroVironment Stock Performance

Shares of AeroVironment stock opened at $190.89 on Friday. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of -51.87, a price-to-earnings-growth ratio of 2.86 and a beta of 1.39. The stock’s 50-day moving average is $174.86 and its 200-day moving average is $223.52. AeroVironment, Inc. has a one year low of $135.20 and a one year high of $417.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.30 and a quick ratio of 4.54.

AeroVironment (NASDAQ:AVAVGet Free Report) last posted its quarterly earnings data on Monday, June 29th. The aerospace company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.37. The business had revenue of $641.62 million during the quarter, compared to the consensus estimate of $555.97 million. AeroVironment had a positive return on equity of 3.71% and a negative net margin of 9.00%.AeroVironment’s quarterly revenue was up 133.3% on a year-over-year basis. During the same period last year, the company earned $1.61 earnings per share. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. Equities analysts predict that AeroVironment, Inc. will post 3.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AVAV has been the topic of several recent analyst reports. KeyCorp cut their price objective on AeroVironment from $295.00 to $220.00 and set an “overweight” rating on the stock in a report on Friday, June 26th. Wall Street Zen downgraded shares of AeroVironment from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Robert W. Baird dropped their target price on shares of AeroVironment from $260.00 to $235.00 and set an “outperform” rating on the stock in a report on Wednesday, March 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AeroVironment in a research note on Monday, June 8th. Finally, Jefferies Financial Group reduced their price target on shares of AeroVironment from $305.00 to $229.00 and set a “buy” rating for the company in a report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $277.37.

Read Our Latest Stock Report on AVAV

Insiders Place Their Bets

In other AeroVironment news, Director Stephen F. Page sold 250 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $174.41, for a total transaction of $43,602.50. Following the completion of the transaction, the director owned 49,001 shares of the company’s stock, valued at $8,546,264.41. This represents a 0.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 750 shares of company stock worth $133,502. Corporate insiders own 0.81% of the company’s stock.

AeroVironment Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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