Moody National Bank Trust Division Purchases 3,444 Shares of AeroVironment, Inc. $AVAV

Moody National Bank Trust Division increased its position in AeroVironment, Inc. (NASDAQ:AVAVFree Report) by 87.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,373 shares of the aerospace company’s stock after buying an additional 3,444 shares during the quarter. Moody National Bank Trust Division’s holdings in AeroVironment were worth $1,217,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVAV. F m Investments LLC purchased a new stake in AeroVironment in the fourth quarter worth about $1,775,000. Norges Bank purchased a new position in shares of AeroVironment during the 4th quarter worth approximately $94,655,000. MYDA Advisors LLC purchased a new position in shares of AeroVironment during the 4th quarter worth approximately $3,628,000. GW&K Investment Management LLC raised its position in shares of AeroVironment by 289.9% in the 4th quarter. GW&K Investment Management LLC now owns 222,055 shares of the aerospace company’s stock worth $53,714,000 after acquiring an additional 165,106 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of AeroVironment by 92.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 20,173 shares of the aerospace company’s stock worth $5,168,000 after acquiring an additional 9,675 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AVAV. Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of AeroVironment in a research report on Thursday, July 9th. UBS Group reiterated a “buy” rating on shares of AeroVironment in a report on Thursday, July 9th. KeyCorp reissued an “overweight” rating on shares of AeroVironment in a research report on Tuesday, July 28th. Citizens Jmp dropped their target price on shares of AeroVironment from $350.00 to $230.00 and set a “market outperform” rating on the stock in a report on Friday, July 10th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AeroVironment in a research report on Monday, June 8th. Two 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, AeroVironment currently has an average rating of “Moderate Buy” and a consensus target price of $266.68.

Read Our Latest Stock Analysis on AVAV

AeroVironment Stock Performance

Shares of AVAV opened at $168.06 on Thursday. 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 business’s 50 day moving average price is $164.46 and its 200-day moving average price is $201.62. AeroVironment, Inc. has a 52 week low of $135.20 and a 52 week high of $417.86. The stock has a market cap of $8.51 billion, a P/E ratio of -45.67, a P/E/G ratio of 5.75 and a beta of 1.41.

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

Insider Buying and Selling at AeroVironment

In other news, Director Stephen F. Page sold 250 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 49,001 shares in the company, valued at $8,546,264.41. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.81% of the stock is owned by insiders.

AeroVironment 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.

See Also

Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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