Van ECK Associates Corp Trims Stock Position in AeroVironment, Inc. $AVAV

Van ECK Associates Corp lessened its stake in AeroVironment, Inc. (NASDAQ:AVAVFree Report) by 10.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 612,915 shares of the aerospace company’s stock after selling 75,062 shares during the quarter. Van ECK Associates Corp owned 1.21% of AeroVironment worth $101,174,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new position in AeroVironment during the first quarter valued at approximately $25,000. Hilton Head Capital Partners LLC purchased a new stake in AeroVironment in the 4th quarter worth approximately $26,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in AeroVironment in the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. boosted its position in AeroVironment by 90.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 133 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 63 shares in the last quarter. Finally, MidFirst Bank acquired a new stake in shares of AeroVironment during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Trending Headlines about AeroVironment

Here are the key news stories impacting AeroVironment this week:

  • Positive Sentiment: AeroVironment received a $51 million U.S. Army order for additional Switchblade 600 loitering munitions. The award reinforces demand for the company’s autonomous weapons systems and supports production expansion ahead of first-quarter earnings. AVAV Stock Rises Overnight: AeroVironment Pockets $51M Army Contract Ahead Of Q1 Earnings
  • Positive Sentiment: NASA’s Jet Propulsion Laboratory selected AeroVironment to co-design and co-manufacture three helicopters for the SkyFall Mars mission, potentially launching in 2028. The project broadens AVAV’s unmanned-systems expertise beyond defense and has moved into a formally funded science program. AeroVironment to co-manufacture helicopters for Mars with NASA
  • Positive Sentiment: William Blair reiterated a Buy rating, citing strong loitering-munitions demand and the potential for an Army E-HEL laser contract to offset near-term revenue pressure. Analysts also point to AVAV’s multibillion-dollar backlog and international expansion as longer-term supports. Louie DiPalma Reiterates Buy on AeroVironment
  • Neutral Sentiment: Management will present at the Jefferies Global Industrials Conference on September 10, giving investors a potential update on orders, production capacity and the outlook.
  • Negative Sentiment: Shares have declined from their 52-week peak and trade below both their 50-day and 200-day moving averages, signaling continued bearish momentum. Investors may also be concerned that AVAV’s high-growth outlook is already reflected in its valuation.
  • Negative Sentiment: Recent insider activity shows 11 sales and no purchases over six months, including sales by the CFO and other executives. That pattern can weigh on sentiment, although it does not necessarily indicate deteriorating business fundamentals.

Insider Transactions at AeroVironment

In other news, CAO Brian Charles Shackley sold 205 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $201.86, for a total transaction of $41,381.30. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen F. Page sold 250 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $191.98, for a total transaction of $47,995.00. Following the transaction, the director owned 48,503 shares of the company’s stock, valued at approximately $9,311,605.94. This trade represents a 0.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 705 shares of company stock valued at $132,979 in the last three months. Corporate insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AVAV. Stifel Nicolaus lowered their price target on shares of AeroVironment from $315.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Wolfe Research downgraded shares of AeroVironment to a “buy” rating in a research report on Tuesday, June 30th. Piper Sandler decreased their price objective on shares of AeroVironment from $248.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Canaccord Genuity Group lowered their target price on shares of AeroVironment from $280.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Finally, Citigroup restated a “market outperform” rating on shares of AeroVironment in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, AeroVironment currently has an average rating of “Moderate Buy” and an average price target of $266.68.

View Our Latest Stock Report on AeroVironment

AeroVironment Price Performance

AeroVironment stock opened at $147.94 on Friday. The company’s fifty day moving average price is $159.76 and its 200 day moving average price is $186.61. AeroVironment, Inc. has a 1 year low of $135.20 and a 1 year high of $417.86. The stock has a market capitalization of $7.52 billion, a P/E ratio of -40.20, a P/E/G ratio of 5.05 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.59 and a current ratio of 4.30.

AeroVironment (NASDAQ:AVAVGet Free Report) last issued its quarterly earnings results on Monday, June 29th. The aerospace company reported $1.84 EPS for the quarter, topping the consensus estimate 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 negative net margin of 9.00% and a positive return on equity of 3.71%. The firm’s revenue was up 133.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.61 EPS. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. As a group, equities research analysts anticipate that AeroVironment, Inc. will post 3.25 earnings per share for the current fiscal year.

AeroVironment Company 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.

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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