36,742 Shares in AeroVironment, Inc. $AVAV Purchased by Deepwater Asset Management LLC

Deepwater Asset Management LLC purchased a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 36,742 shares of the aerospace company’s stock, valued at approximately $6,065,000. AeroVironment comprises 2.8% of Deepwater Asset Management LLC’s holdings, making the stock its 24th biggest holding. Deepwater Asset Management LLC owned approximately 0.07% of AeroVironment at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AVAV. United Services Automobile Association acquired a new position in shares of AeroVironment during the 1st quarter worth approximately $225,000. Schnieders Capital Management LLC. bought a new position in AeroVironment during the second quarter worth $285,000. American Century Companies Inc. acquired a new position in shares of AeroVironment in the second quarter valued at $633,000. EverSource Wealth Advisors LLC raised its position in shares of AeroVironment by 5,200.0% in the second quarter. EverSource Wealth Advisors LLC now owns 159 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 156 shares during the period. Finally, Marshall Wace LLP raised its position in shares of AeroVironment by 0.4% in the second quarter. Marshall Wace LLP now owns 24,188 shares of the aerospace company’s stock valued at $6,892,000 after purchasing an additional 108 shares during the period. Institutional investors own 86.38% of the company’s stock.

Insider Activity at AeroVironment

In related news, Director Stephen F. Page sold 250 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $174.41, for a total transaction of $43,602.50. Following the sale, the director owned 49,001 shares of the company’s stock, valued at $8,546,264.41. This represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a 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, CAO Brian Charles Shackley sold 205 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer owned 7,888 shares in the company, valued at approximately $1,592,271.68. This trade represents a 2.53% 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 own 0.81% of the company’s stock.

AeroVironment Price Performance

Shares of AeroVironment stock opened at $174.14 on Wednesday. AeroVironment, Inc. has a twelve month low of $135.20 and a twelve month high of $417.86. The company has a quick ratio of 3.59, a current ratio of 4.30 and a debt-to-equity ratio of 0.17. The company has a 50-day simple moving average of $162.49 and a two-hundred day simple moving average of $192.46. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of -47.32, a price-to-earnings-growth ratio of 6.56 and a beta of 1.41.

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

Wall Street Analyst Weigh In

AVAV has been the topic of several research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price target on shares of AeroVironment in a report on Thursday, July 9th. UBS Group restated a “buy” rating on shares of AeroVironment in a report on Thursday, July 9th. Stifel Nicolaus decreased their target price on AeroVironment from $315.00 to $220.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Wedbush started coverage on AeroVironment in a research note on Tuesday, June 30th. They set an “outperform” rating and a $250.00 target price on the stock. Finally, William Blair reissued an “outperform” rating on shares of AeroVironment in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $266.68.

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.