13,348 Shares in AeroVironment, Inc. $AVAV Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC acquired a new position in AeroVironment, Inc. (NASDAQ:AVAV) during the second quarter, Holdings Channel.com reports. The firm acquired 13,348 shares of the aerospace company’s stock, valued at approximately $2,059,000.

Several other large investors also recently modified their holdings of AVAV. Wealthfront Advisers LLC acquired a new stake in shares of AeroVironment during the second quarter valued at about $244,000. Timothy G. Youngquist 2020 Irrevocable Trust acquired a new position in shares of AeroVironment in the second quarter worth about $1,466,000. Deepwater Asset Management LLC purchased a new position in AeroVironment in the second quarter valued at about $6,065,000. MidFirst Bank acquired a new stake in AeroVironment during the 2nd quarter valued at approximately $34,000. Finally, BlackRock Inc. acquired a new stake in AeroVironment during the 2nd quarter valued at approximately $574,566,000. 86.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AVAV has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AeroVironment in a research report on Monday, June 8th. Jefferies Financial Group decreased their price target on shares of AeroVironment from $305.00 to $229.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Stifel Nicolaus dropped their price target on shares of AeroVironment from $315.00 to $220.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. 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, July 10th. Finally, Citizens Jmp reduced their price objective on shares of AeroVironment from $350.00 to $230.00 and set a “market outperform” rating on the stock in a research note on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, AeroVironment currently has an average rating of “Moderate Buy” and an average target price of $266.68.

Insider Transactions at AeroVironment

In related news, Director Stephen F. Page sold 250 shares of the business’s stock in a transaction dated 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 owned 49,001 shares of the company’s stock, valued at $8,546,264.41. This represents a 0.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Brian Charles Shackley sold 205 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $201.86, for a total transaction of $41,381.30. Following the sale, the chief accounting officer owned 7,888 shares in the company, valued at approximately $1,592,271.68. This trade represents a 2.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.81% of the company’s stock.

AeroVironment Stock Performance

AVAV stock opened at $174.14 on Wednesday. The company has a current ratio of 4.30, a quick ratio of 3.59 and a debt-to-equity ratio of 0.17. The firm has a market cap of $8.81 billion, a P/E ratio of -47.32, a P/E/G ratio of 6.56 and a beta of 1.41. AeroVironment, Inc. has a 12-month low of $135.20 and a 12-month high of $417.86. The stock’s 50 day simple moving average is $162.49 and its 200 day simple moving average is $192.46.

AeroVironment (NASDAQ:AVAV) last released 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 negative net margin of 9.00% and a positive return on equity of 3.71%. The firm had revenue of $641.62 million during the quarter, compared to the consensus estimate of $555.97 million. During the same quarter in the previous year, the company posted $1.61 earnings per share. The firm’s revenue was up 133.3% on a year-over-year basis. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. As a group, equities research analysts predict that AeroVironment, Inc. will post 3.26 EPS for the current year.

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.