Hennion & Walsh Asset Management Inc. Grows Stock Holdings in AeroVironment, Inc. $AVAV

Hennion & Walsh Asset Management Inc. raised its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 25.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,115 shares of the aerospace company’s stock after purchasing an additional 3,698 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in AeroVironment were worth $2,990,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AVAV. Legacy Bridge LLC raised its position in shares of AeroVironment by 1.0% during the 4th quarter. Legacy Bridge LLC now owns 4,046 shares of the aerospace company’s stock valued at $979,000 after buying an additional 39 shares in the last quarter. NewEdge Wealth LLC lifted its holdings in shares of AeroVironment by 1.1% in the 4th quarter. NewEdge Wealth LLC now owns 3,709 shares of the aerospace company’s stock valued at $897,000 after acquiring an additional 39 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in AeroVironment by 3.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 1,081 shares of the aerospace company’s stock worth $261,000 after acquiring an additional 39 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in AeroVironment by 29.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 188 shares of the aerospace company’s stock worth $45,000 after acquiring an additional 43 shares during the last quarter. Finally, Signaturefd LLC increased its stake in AeroVironment by 10.5% during the fourth quarter. Signaturefd LLC now owns 495 shares of the aerospace company’s stock worth $120,000 after acquiring an additional 47 shares during the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.

AeroVironment Stock Up 1.3%

NASDAQ:AVAV opened at $189.15 on Tuesday. The company has a market cap of $9.57 billion, a price-to-earnings ratio of -51.40, a price-to-earnings-growth ratio of 6.35 and a beta of 1.41. AeroVironment, Inc. has a twelve month low of $135.20 and a twelve month high of $417.86. The company has a current ratio of 4.30, a quick ratio of 3.59 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $162.89 and a 200-day simple moving average of $197.61.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Monday, June 29th. The aerospace company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.37. The firm had revenue of $641.62 million for the quarter, compared to analysts’ expectations of $555.97 million. AeroVironment had a negative net margin of 9.00% and a positive return on equity of 3.71%. The business’s revenue for the quarter was up 133.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.61 earnings per share. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. Analysts anticipate that AeroVironment, Inc. will post 3.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AVAV shares. UBS Group reaffirmed a “buy” rating on shares of AeroVironment in a research note on Thursday, July 9th. Canaccord Genuity Group cut their target price on AeroVironment from $280.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Zacks Research upgraded AeroVironment from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Wedbush started coverage on AeroVironment in a research report on Tuesday, June 30th. They issued an “outperform” rating and a $250.00 price target for the company. Finally, Piper Sandler dropped their price objective on shares of AeroVironment from $248.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $266.68.

Insider Transactions at AeroVironment

In other AeroVironment news, Director Stephen F. Page sold 250 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $174.41, for a total value of $43,602.50. Following the transaction, the director directly owned 49,001 shares in the company, valued at $8,546,264.41. This represents a 0.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.81% of the stock is currently owned by company insiders.

AeroVironment 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.