IFP Advisors Inc Increases Stock Holdings in AeroVironment, Inc. $AVAV

IFP Advisors Inc increased its holdings in AeroVironment, Inc. (NASDAQ:AVAVFree Report) by 512.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,104 shares of the aerospace company’s stock after buying an additional 8,454 shares during the period. IFP Advisors Inc’s holdings in AeroVironment were worth $3,200,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in AeroVironment by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,530,073 shares of the aerospace company’s stock worth $1,111,585,000 after acquiring an additional 51,959 shares during the period. Groupama Asset Managment purchased a new position in shares of AeroVironment during the 3rd quarter worth $314,890,000. Van ECK Associates Corp lifted its stake in shares of AeroVironment by 17.4% during the 3rd quarter. Van ECK Associates Corp now owns 686,273 shares of the aerospace company’s stock worth $216,101,000 after purchasing an additional 101,713 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of AeroVironment by 15.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 614,444 shares of the aerospace company’s stock worth $193,390,000 after purchasing an additional 83,322 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of AeroVironment by 75.6% during the second quarter. Invesco Ltd. now owns 609,019 shares of the aerospace company’s stock worth $173,540,000 after purchasing an additional 262,239 shares during the last quarter. 86.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AeroVironment

In related news, CFO Kevin Patrick Mcdonnell sold 396 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $224.55, for a total transaction of $88,921.80. Following the completion of the sale, the chief financial officer directly owned 16,026 shares of the company’s stock, valued at approximately $3,598,638.30. This represents a 2.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brian Charles Shackley sold 200 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $212.52, for a total value of $42,504.00. Following the completion of the sale, the chief accounting officer owned 5,794 shares of the company’s stock, valued at approximately $1,231,340.88. This represents a 3.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 4,924 shares of company stock valued at $1,486,038 over the last 90 days. Corporate insiders own 0.81% of the company’s stock.

Key AeroVironment News

Here are the key news stories impacting AeroVironment this week:

AeroVironment Stock Down 6.4%

Shares of NASDAQ:AVAV opened at $197.72 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.54 and a current ratio of 5.51. AeroVironment, Inc. has a 1 year low of $102.25 and a 1 year high of $417.86. The stock has a market capitalization of $9.87 billion, a P/E ratio of -45.56, a PEG ratio of 3.68 and a beta of 1.26. The stock has a 50-day simple moving average of $269.32 and a 200-day simple moving average of $290.73.

AeroVironment (NASDAQ:AVAVGet Free Report) last posted its quarterly earnings results on Tuesday, March 10th. The aerospace company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.04). The business had revenue of $408.05 million during the quarter, compared to analysts’ expectations of $487.94 million. AeroVironment had a negative net margin of 13.93% and a positive return on equity of 3.26%. The company’s quarterly revenue was up 143.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 EPS. AeroVironment has set its FY 2026 guidance at 2.750-3.100 EPS. Equities analysts forecast that AeroVironment, Inc. will post 3.38 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Citigroup reiterated a “market outperform” rating on shares of AeroVironment in a research note on Monday, January 12th. Canaccord Genuity Group decreased their price target on AeroVironment from $330.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Piper Sandler lowered their price target on AeroVironment from $391.00 to $290.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. The Goldman Sachs Group dropped their price objective on shares of AeroVironment from $486.00 to $429.00 and set a “buy” rating for the company in a research note on Friday, December 12th. Finally, UBS Group cut their price objective on shares of AeroVironment from $259.00 to $236.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $318.78.

Read Our Latest Stock Report on AVAV

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.

Featured Stories

Want to see what other hedge funds are holding AVAV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AeroVironment, Inc. (NASDAQ:AVAVFree Report).

Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

Receive News & Ratings for AeroVironment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AeroVironment and related companies with MarketBeat.com's FREE daily email newsletter.