Sageworth Trust Co Purchases Shares of 1,091 AeroVironment, Inc. $AVAV

Sageworth Trust Co purchased a new stake in AeroVironment, Inc. (NASDAQ:AVAV) during the second quarter, Holdings Channel reports. The institutional investor purchased 1,091 shares of the aerospace company’s stock, valued at approximately $311,000.

A number of other hedge funds also recently bought and sold shares of the stock. Truist Financial Corp raised its position in AeroVironment by 22.1% in the 2nd quarter. Truist Financial Corp now owns 5,610 shares of the aerospace company’s stock valued at $1,599,000 after purchasing an additional 1,014 shares in the last quarter. Sage Rhino Capital LLC acquired a new stake in shares of AeroVironment during the 2nd quarter worth about $226,000. Signaturefd LLC raised its position in shares of AeroVironment by 64.3% during the 2nd quarter. Signaturefd LLC now owns 654 shares of the aerospace company’s stock worth $186,000 after acquiring an additional 256 shares in the last quarter. ORG Partners LLC raised its position in shares of AeroVironment by 296.0% during the 2nd quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 74 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of AeroVironment by 8.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 16,770 shares of the aerospace company’s stock worth $4,777,000 after acquiring an additional 1,253 shares in the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 17,300 shares of AeroVironment stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $263.05, for a total value of $4,550,765.00. Following the transaction, the chief executive officer directly owned 122,233 shares in the company, valued at approximately $32,153,390.65. This trade represents a 12.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on AVAV. Needham & Company LLC reissued a “buy” rating and set a $300.00 target price on shares of AeroVironment in a research report on Wednesday, September 10th. JMP Securities reissued a “market outperform” rating and set a $325.00 target price on shares of AeroVironment in a research report on Monday, August 18th. New Street Research set a $365.00 target price on AeroVironment in a research report on Wednesday. William Blair reissued an “outperform” rating on shares of AeroVironment in a research report on Tuesday, September 16th. Finally, Zacks Research lowered AeroVironment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, AeroVironment has an average rating of “Buy” and a consensus price target of $320.64.

AeroVironment Trading Up 9.9%

NASDAQ:AVAV opened at $346.08 on Thursday. The stock’s 50 day moving average price is $260.52 and its 200 day moving average price is $207.07. The company has a market capitalization of $17.28 billion, a PE ratio of -540.74, a P/E/G ratio of 5.34 and a beta of 0.99. The company has a quick ratio of 5.12, a current ratio of 5.96 and a debt-to-equity ratio of 0.16. AeroVironment, Inc. has a 52-week low of $102.25 and a 52-week high of $346.24.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Tuesday, September 9th. The aerospace company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $454.68 million for the quarter, compared to analysts’ expectations of $446.16 million. AeroVironment had a positive return on equity of 4.67% and a negative net margin of 4.14%.The company’s quarterly revenue was up 140.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 EPS. AeroVironment has set its FY 2026 guidance at 3.600-3.70 EPS. On average, research analysts anticipate that AeroVironment, Inc. will post 3.38 EPS for the current year.

AeroVironment Company Profile

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.