Pilgrim Partners Asia Pte Ltd Acquires Shares of 2,110 AeroVironment, Inc. $AVAV

Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,110 shares of the aerospace company’s stock, valued at approximately $664,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in AeroVironment by 550.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 178,204 shares of the aerospace company’s stock worth $56,115,000 after purchasing an additional 150,819 shares in the last quarter. US Bancorp DE grew its stake in AeroVironment by 13.5% in the 2nd quarter. US Bancorp DE now owns 8,068 shares of the aerospace company’s stock valued at $2,299,000 after purchasing an additional 961 shares during the period. Rheos Capital Works Inc. purchased a new stake in shares of AeroVironment during the 3rd quarter valued at $37,787,000. Congress Asset Management Co. raised its stake in shares of AeroVironment by 1.4% during the 3rd quarter. Congress Asset Management Co. now owns 346,999 shares of the aerospace company’s stock worth $109,267,000 after purchasing an additional 4,745 shares during the period. Finally, Wedbush Securities Inc. purchased a new position in shares of AeroVironment in the 2nd quarter worth about $273,000. Institutional investors and hedge funds own 86.38% of the company’s stock.

AeroVironment Stock Down 1.7%

AVAV opened at $302.67 on Tuesday. The firm has a market capitalization of $15.11 billion, a P/E ratio of -242.14, a price-to-earnings-growth ratio of 4.55 and a beta of 1.16. AeroVironment, Inc. has a one year low of $102.25 and a one year high of $417.86. The company has a fifty day moving average price of $287.13 and a 200-day moving average price of $294.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.08 and a quick ratio of 4.29.

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

Insiders Place Their Bets

In related news, CAO Brian Charles Shackley sold 200 shares of the stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $250.92, for a total transaction of $50,184.00. Following the transaction, the chief accounting officer owned 5,994 shares of the company’s stock, valued at approximately $1,504,014.48. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin Patrick Mcdonnell sold 999 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $367.60, for a total value of $367,232.40. Following the completion of the sale, the chief financial officer directly owned 17,301 shares of the company’s stock, valued at approximately $6,359,847.60. This trade represents a 5.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,223 shares of company stock valued at $1,092,503 over the last 90 days. Insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on AVAV shares. Piper Sandler reaffirmed an “overweight” rating on shares of AeroVironment in a research report on Wednesday, December 10th. Stifel Nicolaus raised their price target on shares of AeroVironment from $295.00 to $389.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Canaccord Genuity Group set a $400.00 price objective on AeroVironment in a research note on Wednesday, December 10th. Cantor Fitzgerald decreased their target price on AeroVironment from $335.00 to $315.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Finally, New Street Research set a $365.00 price target on AeroVironment in a research report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $375.41.

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.