Emerald Mutual Fund Advisers Trust lessened its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV – Free Report) by 10.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 112,407 shares of the aerospace company’s stock after selling 13,285 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in AeroVironment were worth $20,576,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Bleakley Financial Group LLC acquired a new stake in shares of AeroVironment during the first quarter worth $1,900,000. State of Michigan Retirement System boosted its position in shares of AeroVironment by 2.7% in the 1st quarter. State of Michigan Retirement System now owns 7,700 shares of the aerospace company’s stock valued at $1,409,000 after purchasing an additional 200 shares during the period. Principal Financial Group Inc. boosted its position in shares of AeroVironment by 4.4% in the 1st quarter. Principal Financial Group Inc. now owns 72,864 shares of the aerospace company’s stock valued at $13,338,000 after purchasing an additional 3,087 shares during the period. International Assets Investment Management LLC increased its stake in AeroVironment by 37.9% in the 1st quarter. International Assets Investment Management LLC now owns 2,190 shares of the aerospace company’s stock worth $402,000 after purchasing an additional 602 shares in the last quarter. Finally, 180 Wealth Advisors LLC purchased a new position in AeroVironment in the 1st quarter worth about $238,000. 86.38% of the stock is owned by institutional investors.
More AeroVironment News
Here are the key news stories impacting AeroVironment this week:
- Positive Sentiment: AeroVironment announced that Italy’s Ministry of Defence granted its JUMP® 20 unmanned aircraft system the MQ-31A military designation, confirming the platform as an official military capability for the Italian Army. This could support future international sales and validates the product’s defense relevance. Article: AV Receives MQ-31A Designation from Italian Ministry of Defence (MoD)
- Neutral Sentiment: Analyst commentary says the stock is falling as investors rotate away from growth and defense-tech names, with traders also watching technical support levels. Article: Why Is AeroVironment Stock Falling Monday?
- Neutral Sentiment: Multiple law firms issued reminders about a July 27 lead-plaintiff deadline in an existing securities class action tied to alleged misstatements and contract-related disclosures. These notices mainly add uncertainty and keep legal risk in focus for investors. Article: AVAV Deadline: AVAV Investors with Losses in Excess of $100K Have Opportunity to Lead AeroVironment, Inc. Securities Fraud Lawsuit
- Negative Sentiment: The securities-fraud allegations specifically cite concerns about AeroVironment’s reliance on a single-vendor bespoke contract and the later shift to multi-vendor commercial solutions, which may hurt investor confidence and keep the stock under pressure. Article: AVAV Shareholder Alert: AeroVironment, Inc. Securities Class Action Lawsuit – Investors Should Contact Levi & Korsinsky
AeroVironment Stock Down 1.9%
AeroVironment (NASDAQ:AVAV – Get Free Report) last announced its quarterly earnings data on Monday, June 29th. The aerospace company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.37. AeroVironment had a positive return on equity of 3.71% and a negative net margin of 9.00%.The firm had revenue of $641.62 million during the quarter, compared to analyst estimates of $555.97 million. During the same period last year, the company posted $1.61 EPS. The business’s quarterly 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. On average, sell-side analysts forecast that AeroVironment, Inc. will post 3.4 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Stephen F. Page sold 250 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $174.41, for a total transaction of $43,602.50. Following the completion of the sale, the director directly owned 49,001 shares in the company, valued at approximately $8,546,264.41. This trade represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 750 shares of company stock valued at $133,502 over the last ninety days. 0.81% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on AVAV shares. Clear Str upgraded AeroVironment to a “strong-buy” rating in a report on Wednesday, April 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of AeroVironment in a report on Monday, June 8th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of AeroVironment in a research report on Thursday, July 9th. Canaccord Genuity Group cut their price target on shares of AeroVironment from $280.00 to $240.00 and set a “buy” rating on the stock in a report on Friday. Finally, KeyCorp reduced their price target on shares of AeroVironment from $295.00 to $220.00 and set an “overweight” rating for the company in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $266.68.
Get Our Latest Analysis on AeroVironment
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.
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