5,872 AeroVironment, Inc. $AVAV Shares Acquired by Traynor Capital Management Inc.

Traynor Capital Management Inc. grew its position in AeroVironment, Inc. (NASDAQ:AVAV) by 26.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,836 shares of the aerospace company’s stock after purchasing an additional 5,872 shares during the quarter. Traynor Capital Management Inc. owned approximately 0.05% of AeroVironment worth $3,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Flagship Harbor Advisors LLC lifted its stake in shares of AeroVironment by 2.4% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 3,558 shares of the aerospace company’s stock valued at $506,000 after buying an additional 83 shares in the last quarter. Lodestone Wealth Management LLC increased its stake in AeroVironment by 19.0% in the 3rd quarter. Lodestone Wealth Management LLC now owns 671 shares of the aerospace company’s stock worth $95,000 after buying an additional 107 shares in the last quarter. Byrne Asset Management LLC increased its stake in AeroVironment by 11.9% in the 3rd quarter. Byrne Asset Management LLC now owns 1,190 shares of the aerospace company’s stock worth $167,000 after buying an additional 127 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in AeroVironment in the 1st quarter worth $25,000. Finally, Southern Financial Group LLC raised its holdings in AeroVironment by 12.6% during the first quarter. Southern Financial Group LLC now owns 1,218 shares of the aerospace company’s stock valued at $223,000 after acquiring an additional 136 shares during the period. 86.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AeroVironment

In other AeroVironment news, CAO Brian Shackley sold 205 shares of AeroVironment stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $201.86, for a total value of $41,381.30. Following the sale, the chief accounting officer owned 7,888 shares of the company’s stock, valued at $1,592,271.68. The trade was a 2.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen Page sold 250 shares of AeroVironment stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $152.27, for a total value of $38,067.50. Following the completion of the sale, the director directly owned 48,253 shares in the company, valued at approximately $7,347,484.31. The trade was a 0.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 805 shares of company stock valued at $142,671 in the last 90 days. 0.79% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AVAV has been the topic of several research analyst reports. Weiss Ratings downgraded AeroVironment from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, September 18th. Oppenheimer started coverage on AeroVironment in a research note on Thursday, October 22nd. They issued an “outperform” rating and a $205.00 price objective for the company. Bank of America cut their target price on AeroVironment from $225.00 to $185.00 and set a “buy” rating for the company in a research report on Friday, September 11th. The Goldman Sachs Group set a $285.00 target price on AeroVironment in a research note on Thursday, September 17th. Finally, Jefferies Financial Group lowered their price target on AeroVironment from $229.00 to $204.00 and set a “buy” rating on the stock in a report on Wednesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $224.81.

AeroVironment Price Performance

AVAV opened at $126.11 on Monday. The company has a market capitalization of $6.41 billion, a PE ratio of -53.89, a price-to-earnings-growth ratio of 1.98 and a beta of 1.42. The firm has a 50-day simple moving average of $141.15 and a two-hundred day simple moving average of $187.31. The company has a quick ratio of 3.33, a current ratio of 4.26 and a debt-to-equity ratio of 0.17. AeroVironment, Inc. has a 52 week low of $113.15 and a 52 week high of $408.25.

AeroVironment (NASDAQ:AVAV) last issued its earnings results on Wednesday, September 9th. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.37. The firm had revenue of $480.49 million for the quarter, compared to analysts’ expectations of $451.95 million. AeroVironment had a positive return on equity of 4.04% and a negative net margin of 5.77%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 earnings per share. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. Analysts forecast that AeroVironment, Inc. will post 3.26 earnings per share for the current fiscal year.

AeroVironment Company Profile

AeroVironment, Inc is a defense technology company that develops and supplies uncrewed aircraft systems, loitering munitions, counter-uncrewed-aircraft systems, space systems and related autonomous technologies. Its products are designed for intelligence, surveillance and reconnaissance, precision strike, tactical communications and other defense and security missions.

The company’s portfolio includes the Raven, Puma and Quantix unmanned aircraft systems; the JUMP 20 vertical-takeoff-and-landing aircraft; and the Switchblade family of loitering munitions.