SteelPeak Wealth LLC Lowers Stake in AeroVironment, Inc. $AVAV

SteelPeak Wealth LLC lowered its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 39.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,267 shares of the aerospace company’s stock after selling 5,944 shares during the period. SteelPeak Wealth LLC’s holdings in AeroVironment were worth $2,641,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Chung Wu Investment Group LLC bought a new position in shares of AeroVironment during the 2nd quarter valued at $684,000. Wealthcare Advisory Partners LLC bought a new position in shares of AeroVironment during the 2nd quarter valued at $554,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of AeroVironment by 14.0% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,151 shares of the aerospace company’s stock valued at $1,468,000 after purchasing an additional 632 shares during the last quarter. Sageworth Trust Co bought a new position in shares of AeroVironment during the 2nd quarter valued at $311,000. Finally, Truist Financial Corp grew its holdings in shares of AeroVironment by 22.1% during the 2nd quarter. Truist Financial Corp now owns 5,610 shares of the aerospace company’s stock valued at $1,599,000 after purchasing an additional 1,014 shares during the last quarter. Institutional investors own 86.38% of the company’s stock.

Insider Activity at AeroVironment

In related news, insider Trace E. Stevenson sold 1,717 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $381.00, for a total transaction of $654,177.00. Following the completion of the sale, the insider directly owned 4,907 shares in the company, valued at approximately $1,869,567. The trade was a 25.92% decrease in their ownership of the stock. The sale 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 company’s stock in a transaction that occurred on 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 of the company’s stock, 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. Insiders own 0.81% of the company’s stock.

AeroVironment Trading Up 0.8%

Shares of NASDAQ AVAV opened at $395.13 on Wednesday. AeroVironment, Inc. has a 1 year low of $102.25 and a 1 year high of $400.01. The stock has a market cap of $19.73 billion, a P/E ratio of -617.38, a price-to-earnings-growth ratio of 6.65 and a beta of 0.99. The firm has a 50-day moving average of $269.29 and a 200 day moving average of $214.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.96 and a quick ratio of 5.12.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. William Blair reissued an “outperform” rating on shares of AeroVironment in a report on Tuesday, September 16th. Wedbush raised shares of AeroVironment to an “outperform” rating in a report on Wednesday, June 25th. Citizens Jmp assumed coverage on shares of AeroVironment in a report on Monday, August 4th. They issued a “strong-buy” rating and a $325.00 price target on the stock. Zacks Research lowered shares of AeroVironment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, Royal Bank Of Canada raised their price target on shares of AeroVironment from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $356.07.

AeroVironment Company Profile

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.