Wealth Enhancement Advisory Services LLC Acquires 150,819 Shares of AeroVironment, Inc. $AVAV

Wealth Enhancement Advisory Services LLC boosted its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 550.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,204 shares of the aerospace company’s stock after purchasing an additional 150,819 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.36% of AeroVironment worth $56,115,000 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 bought and sold shares of the stock. Vanguard Group Inc. grew its position in AeroVironment by 14.3% in the second quarter. Vanguard Group Inc. now owns 3,478,114 shares of the aerospace company’s stock worth $991,089,000 after acquiring an additional 433,830 shares in the last quarter. Norges Bank bought a new position in shares of AeroVironment during the 2nd quarter valued at about $75,690,000. Invesco Ltd. raised its holdings in shares of AeroVironment by 75.6% during the 2nd quarter. Invesco Ltd. now owns 609,019 shares of the aerospace company’s stock valued at $173,540,000 after buying an additional 262,239 shares in the last quarter. Bank of New York Mellon Corp lifted its position in AeroVironment by 54.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 398,772 shares of the aerospace company’s stock worth $113,630,000 after buying an additional 139,880 shares during the last quarter. Finally, Rheos Capital Works Inc. purchased a new stake in AeroVironment in the third quarter worth approximately $37,787,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Insider Activity at AeroVironment

In related news, CAO Brian Charles Shackley sold 200 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $250.92, for a total value of $50,184.00. Following the completion of the transaction, the chief accounting officer directly owned 5,994 shares in the company, valued at $1,504,014.48. The trade was a 3.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen F. Page sold 1,000 shares of the business’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $377.62, for a total value of $377,620.00. Following the completion of the transaction, the director owned 51,001 shares of the company’s stock, valued at $19,258,997.62. This represents a 1.92% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 3,223 shares of company stock valued at $1,092,503. 0.81% of the stock is owned by insiders.

AeroVironment Stock Down 3.2%

AVAV stock traded down $12.56 during midday trading on Tuesday, hitting $380.30. The stock had a trading volume of 395,623 shares, compared to its average volume of 1,756,651. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.08 and a quick ratio of 4.29. The firm has a market cap of $18.99 billion, a price-to-earnings ratio of -304.47, a price-to-earnings-growth ratio of 5.80 and a beta of 1.16. The business has a 50-day moving average of $286.11 and a two-hundred day moving average of $291.43. AeroVironment, Inc. has a 52-week low of $102.25 and a 52-week high of $417.86.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Tuesday, December 9th. The aerospace company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.43). AeroVironment had a positive return on equity of 3.42% and a negative net margin of 5.08%.The business had revenue of $472.51 million for the quarter, compared to the consensus estimate of $466.16 million. During the same period in the previous year, the firm earned $0.47 EPS. The company’s revenue was up 150.7% on a year-over-year basis. AeroVironment has set its FY 2026 guidance at 3.400-3.550 EPS. As a group, equities research analysts forecast that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. New Street Research set a $365.00 price objective on shares of AeroVironment in a research note on Wednesday, October 1st. Citigroup restated a “market outperform” rating on shares of AeroVironment in a research report on Monday, January 12th. JMP Securities lifted their price objective on AeroVironment from $325.00 to $400.00 and gave the stock a “market outperform” rating in a report on Friday, October 3rd. The Goldman Sachs Group dropped their target price on AeroVironment from $486.00 to $429.00 and set a “buy” rating for the company in a report on Friday, December 12th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of AeroVironment in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $375.41.

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.