Timothy G. Youngquist 2020 Irrevocable Trust Invests $1.47 Million in AeroVironment, Inc. $AVAV

Timothy G. Youngquist 2020 Irrevocable Trust purchased a new stake in AeroVironment, Inc. (NASDAQ:AVAV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,883 shares of the aerospace company’s stock, valued at approximately $1,466,000. AeroVironment makes up 0.3% of Timothy G. Youngquist 2020 Irrevocable Trust’s holdings, making the stock its 29th largest position.

Other institutional investors have also made changes to their positions in the company. F m Investments LLC acquired a new stake in shares of AeroVironment during the 4th quarter worth $1,775,000. Norges Bank acquired a new position in AeroVironment in the fourth quarter valued at about $94,655,000. MYDA Advisors LLC acquired a new position in AeroVironment in the fourth quarter valued at about $3,628,000. GW&K Investment Management LLC lifted its position in AeroVironment by 289.9% during the fourth quarter. GW&K Investment Management LLC now owns 222,055 shares of the aerospace company’s stock worth $53,714,000 after purchasing an additional 165,106 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in AeroVironment by 92.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 20,173 shares of the aerospace company’s stock worth $5,168,000 after buying an additional 9,675 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors.

AeroVironment Stock Performance

AeroVironment stock opened at $174.14 on Wednesday. The company has a quick ratio of 3.59, a current ratio of 4.30 and a debt-to-equity ratio of 0.17. The stock has a market cap of $8.81 billion, a PE 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 business’s 50-day moving average price is $162.49 and its two-hundred day moving average price is $192.46.

AeroVironment (NASDAQ:AVAV) last posted its earnings results 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 analysts’ expectations of $555.97 million. During the same quarter in the prior year, the business earned $1.61 earnings per share. The business’s revenue for the quarter was up 133.3% compared to the same quarter last year. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. As a group, analysts expect that AeroVironment, Inc. will post 3.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Stephen F. Page sold 250 shares of the company’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 transaction, the director directly owned 49,001 shares in the company, valued at $8,546,264.41. This represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 that occurred on 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 transaction, the chief accounting officer directly owned 7,888 shares of the company’s stock, valued at approximately $1,592,271.68. The trade was 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. 0.81% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AVAV has been the topic of several recent analyst reports. KeyCorp reissued an “overweight” rating on shares of AeroVironment in a report on Tuesday, July 28th. Royal Bank Of Canada lowered shares of AeroVironment from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $210.00 to $180.00 in a research report on Thursday, July 9th. Canaccord Genuity Group decreased their price objective 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. Zacks Research upgraded shares of AeroVironment from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Wall Street Zen upgraded AeroVironment from a “sell” rating to a “hold” rating in a research note on Sunday, July 5th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $266.68.

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.