Bullseye Asset Management LLC Invests $1.98 Million in AeroVironment, Inc. $AVAV

Bullseye Asset Management LLC acquired a new position in AeroVironment, Inc. (NASDAQ:AVAV) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 8,200 shares of the aerospace company’s stock, valued at approximately $1,984,000.

A number of other institutional investors have also made changes to their positions in the business. FORA Capital LLC bought a new stake in shares of AeroVironment in the fourth quarter worth $1,429,000. Kestra Advisory Services LLC lifted its position in shares of AeroVironment by 26.5% in the fourth quarter. Kestra Advisory Services LLC now owns 7,345 shares of the aerospace company’s stock worth $1,777,000 after purchasing an additional 1,537 shares in the last quarter. Liberty One Investment Management LLC bought a new stake in shares of AeroVironment in the fourth quarter worth $744,000. Parkside Financial Bank & Trust lifted its position in shares of AeroVironment by 29.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 188 shares of the aerospace company’s stock worth $45,000 after purchasing an additional 43 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of AeroVironment by 4,770.1% in the fourth quarter. Marshall Wace LLP now owns 260,207 shares of the aerospace company’s stock valued at $62,941,000 after buying an additional 254,864 shares in the last quarter. Institutional investors own 86.38% of the company’s stock.

Wall Street Analyst Weigh In

AVAV has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered their target price on shares of AeroVironment from $330.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Wall Street Zen raised shares of AeroVironment from a “sell” rating to a “hold” rating in a research report on Sunday, June 7th. Royal Bank Of Canada dropped their price target on shares of AeroVironment from $325.00 to $250.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 11th. Citizens Jmp dropped their price target on shares of AeroVironment from $400.00 to $350.00 and set a “market outperform” rating on the stock in a research report on Wednesday, March 11th. Finally, Piper Sandler dropped their price target on shares of AeroVironment from $391.00 to $290.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $318.78.

AeroVironment Price Performance

NASDAQ:AVAV opened at $170.58 on Friday. AeroVironment, Inc. has a one year low of $156.00 and a one year high of $417.86. The company has a market cap of $8.52 billion, a P/E ratio of -39.30, a P/E/G ratio of 2.34 and a beta of 1.35. The firm’s fifty day moving average price is $184.20 and its two-hundred day moving average price is $234.94. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.51 and a quick ratio of 4.54.

Insider Buying and Selling at AeroVironment

In related news, Director Stephen F. Page sold 250 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $212.52, for a total value of $53,130.00. Following the transaction, the director directly owned 49,751 shares in the company, valued at approximately $10,573,082.52. This represents a 0.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Brian Charles Shackley sold 200 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $212.52, for a total transaction of $42,504.00. Following the completion of the transaction, the chief accounting officer owned 5,794 shares in the company, valued at $1,231,340.88. This trade represents a 3.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 950 shares of company stock worth $185,534. Corporate insiders own 0.81% of the company’s stock.

Key Stories Impacting AeroVironment

Here are the key news stories impacting AeroVironment this week:

• Negative Sentiment: A class action lawsuit has been filed against AeroVironment and certain officers, with multiple firms encouraging affected shareholders to seek lead-plaintiff status before the July 27 deadline. Pomerantz Law Firm Announces the Filing of a Class Action Against AeroVironment, Inc. and Certain Officers – AVAV
• Negative Sentiment: The lawsuits and alerts allege investor harm tied to AeroVironment’s reliance on a single-vendor bespoke contract, which reportedly became vulnerable when the Space Force shifted toward multi-vendor commercial solutions. AVAV Shareholder Alert: AeroVironment, Inc. Securities Class Action Lawsuit – Investors Should Contact SueWallSt
• Negative Sentiment: Several firms, including Rosen, The Gross Law Firm, Schall, Faruqi & Faruqi, Bragar Eagel & Squire, and DJS Law Group, issued near-identical notices reminding investors of the pending class action and lead-plaintiff deadline, reinforcing legal risk sentiment around the name. ROSEN, GLOBAL INVESTOR COUNSEL, Encourages AeroVironment, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – AVAV

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.