RMG Wealth Management LLC Invests $28,000 in AeroVironment, Inc. $AVAV

RMG Wealth Management LLC acquired a new position in AeroVironment, Inc. (NASDAQ:AVAV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 100 shares of the aerospace company’s stock, valued at approximately $28,000.

Several other large investors also recently made changes to their positions in AVAV. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of AeroVironment in the fourth quarter worth $251,000. Rhumbline Advisers increased its position in shares of AeroVironment by 0.3% in the first quarter. Rhumbline Advisers now owns 62,969 shares of the aerospace company’s stock worth $7,505,000 after acquiring an additional 205 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of AeroVironment in the first quarter worth $51,000. Portside Wealth Group LLC increased its position in shares of AeroVironment by 4.3% in the first quarter. Portside Wealth Group LLC now owns 1,741 shares of the aerospace company’s stock worth $208,000 after acquiring an additional 71 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of AeroVironment by 9.5% in the first quarter. Farther Finance Advisors LLC now owns 1,374 shares of the aerospace company’s stock worth $167,000 after acquiring an additional 119 shares in the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

AeroVironment Trading Up 0.8%

NASDAQ AVAV opened at $395.13 on Wednesday. AeroVironment, Inc. has a 12 month low of $102.25 and a 12 month high of $400.01. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.96 and a quick ratio of 5.12. The company has a market capitalization of $19.73 billion, a price-to-earnings ratio of -617.38, a price-to-earnings-growth ratio of 6.65 and a beta of 0.99. The company’s fifty day moving average price is $269.29 and its two-hundred day moving average price is $214.73.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Tuesday, September 9th. The aerospace company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. The company had revenue of $454.68 million for the quarter, compared to the consensus estimate of $446.16 million. During the same quarter last year, the company earned $0.89 earnings per share. The company’s revenue was up 140.0% compared to the same quarter last year. AeroVironment has set its FY 2026 guidance at 3.600-3.70 EPS. As a group, research analysts predict that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Trace E. Stevenson sold 1,717 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $381.00, for a total value of $654,177.00. Following the transaction, the insider directly owned 4,907 shares in the company, valued at approximately $1,869,567. This trade represents a 25.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Wahid Nawabi sold 17,300 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $263.05, for a total transaction of $4,550,765.00. Following the completion of the transaction, the chief executive officer owned 122,233 shares in the company, valued at approximately $32,153,390.65. The trade was a 12.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AVAV. JMP Securities increased their price objective on shares of AeroVironment from $325.00 to $400.00 and gave the stock a “market outperform” rating in a research report on Friday. Citizens Jmp assumed coverage on shares of AeroVironment in a report on Monday, August 4th. They set a “strong-buy” rating and a $325.00 price target for the company. New Street Research set a $365.00 price target on shares of AeroVironment in a report on Wednesday, October 1st. Zacks Research lowered shares of AeroVironment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price target on shares of AeroVironment in a report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $356.07.

About AeroVironment

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.