Hennion & Walsh Asset Management Inc. Increases Stake in AeroVironment, Inc. $AVAV

Hennion & Walsh Asset Management Inc. grew its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 25.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,115 shares of the aerospace company’s stock after acquiring an additional 3,698 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in AeroVironment were worth $2,990,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AVAV. United Services Automobile Association purchased a new stake in shares of AeroVironment in the 1st quarter worth $225,000. Schnieders Capital Management LLC. purchased a new position in AeroVironment during the second quarter valued at $285,000. American Century Companies Inc. bought a new stake in AeroVironment during the second quarter valued at about $633,000. EverSource Wealth Advisors LLC grew its holdings in AeroVironment by 5,200.0% during the second quarter. EverSource Wealth Advisors LLC now owns 159 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 156 shares during the period. Finally, Marshall Wace LLP increased its position in AeroVironment by 0.4% in the second quarter. Marshall Wace LLP now owns 24,188 shares of the aerospace company’s stock worth $6,892,000 after buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price objective on shares of AeroVironment in a research note on Thursday, July 9th. Citigroup reiterated a “market outperform” rating on shares of AeroVironment in a research note on Tuesday, July 28th. Piper Sandler reduced their target price on shares of AeroVironment from $248.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Wolfe Research downgraded shares of AeroVironment to a “buy” rating in a report on Tuesday, June 30th. Finally, UBS Group reiterated a “buy” rating on shares of AeroVironment in a research report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, AeroVironment has a consensus rating of “Moderate Buy” and an average price target of $266.68.

Insider Activity

In related news, Director Stephen F. Page sold 250 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $174.41, for a total value of $43,602.50. Following the sale, the director directly owned 49,001 shares in the company, valued at approximately $8,546,264.41. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.81% of the company’s stock.

AeroVironment Stock Performance

AVAV opened at $189.15 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.59 and a current ratio of 4.30. The stock has a market capitalization of $9.57 billion, a price-to-earnings ratio of -51.40, a PEG ratio of 6.35 and a beta of 1.41. The company has a fifty day moving average of $162.89 and a 200 day moving average of $197.61. AeroVironment, Inc. has a fifty-two week low of $135.20 and a fifty-two week high of $417.86.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Monday, June 29th. The aerospace company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.47 by $0.37. AeroVironment had a negative net margin of 9.00% and a positive return on equity of 3.71%. The business had revenue of $641.62 million for the quarter, compared to analysts’ expectations of $555.97 million. During the same quarter in the previous year, the company earned $1.61 EPS. The business’s quarterly revenue was up 133.3% compared to the same quarter last year. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. As a group, sell-side analysts forecast that AeroVironment, Inc. will post 3.26 earnings per share for the current fiscal year.

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.