Keystone Investors PTE Ltd. Reduces Stake in AeroVironment, Inc. $AVAV

Keystone Investors PTE Ltd. trimmed its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 85.3% during the fourth quarter, Holdings Channel reports. The fund owned 1,102 shares of the aerospace company’s stock after selling 6,378 shares during the period. Keystone Investors PTE Ltd.’s holdings in AeroVironment were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC purchased a new position in AeroVironment in the third quarter valued at about $25,000. Tema Etfs LLC purchased a new position in AeroVironment in the fourth quarter valued at about $26,000. Hilton Head Capital Partners LLC purchased a new position in AeroVironment in the fourth quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in AeroVironment in the third quarter valued at about $29,000. Finally, Smithfield Trust Co purchased a new position in AeroVironment in the third quarter valued at about $31,000. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting AeroVironment

Here are the key news stories impacting AeroVironment this week:

• Negative Sentiment: A class action lawsuit has been filed against AeroVironment and certain officers, with multiple firms encouraging affected shareholders to seek lead-plaintiff status before the July 27 deadline. Pomerantz Law Firm Announces the Filing of a Class Action Against AeroVironment, Inc. and Certain Officers – AVAV
• Negative Sentiment: The lawsuits and alerts allege investor harm tied to AeroVironment’s reliance on a single-vendor bespoke contract, which reportedly became vulnerable when the Space Force shifted toward multi-vendor commercial solutions. AVAV Shareholder Alert: AeroVironment, Inc. Securities Class Action Lawsuit – Investors Should Contact SueWallSt
• Negative Sentiment: Several firms, including Rosen, The Gross Law Firm, Schall, Faruqi & Faruqi, Bragar Eagel & Squire, and DJS Law Group, issued near-identical notices reminding investors of the pending class action and lead-plaintiff deadline, reinforcing legal risk sentiment around the name. ROSEN, GLOBAL INVESTOR COUNSEL, Encourages AeroVironment, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – AVAV

AeroVironment Stock Performance

Shares of AVAV stock opened at $170.58 on Friday. The stock has a market capitalization of $8.52 billion, a P/E ratio of -39.30, a PEG ratio of 2.52 and a beta of 1.35. The company has a current ratio of 5.51, a quick ratio of 4.54 and a debt-to-equity ratio of 0.17. The firm’s 50 day moving average is $184.20 and its 200 day moving average is $234.94. AeroVironment, Inc. has a 12 month low of $156.00 and a 12 month high of $417.86.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Tuesday, March 10th. The aerospace company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). The business had revenue of $408.05 million for 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 business’s quarterly revenue was up 143.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. On average, sell-side analysts anticipate that AeroVironment, Inc. will post 2.94 earnings per share for the current year.

Insider Buying and Selling

In other AeroVironment news, Director Stephen F. Page sold 250 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $162.31, for a total value of $40,577.50. Following the sale, the director directly owned 49,251 shares in the company, valued at $7,993,929.81. This represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Brian Charles Shackley sold 200 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $212.52, for a total transaction of $42,504.00. Following the completion of the transaction, the chief accounting officer directly owned 5,794 shares of the company’s stock, valued at approximately $1,231,340.88. The trade was a 3.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 950 shares of company stock worth $185,534 over the last 90 days. 0.81% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on AVAV shares. Wall Street Zen upgraded shares of AeroVironment from a “sell” rating to a “hold” rating in a research note on Sunday, June 7th. Zacks Research upgraded shares of AeroVironment from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Raymond James Financial upgraded shares of AeroVironment from an “underperform” rating to a “market perform” rating in a research note on Monday, March 23rd. Needham & Company LLC dropped their price target on shares of AeroVironment from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of AeroVironment in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, AeroVironment has a consensus rating of “Moderate Buy” and a consensus target price of $318.78.

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.