AeroVironment, Inc. $AVAV is Heard Capital LLC’s 8th Largest Position

by · The Cerbat Gem

Heard Capital LLC decreased its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV – Free Report) by 34.1% during the second quarter, HoldingsChannel.com reports. The firm owned 553,025 shares of the aerospace company’s stock after selling 286,347 shares during the period. AeroVironment accounts for 8.2% of Heard Capital LLC’s portfolio, making the stock its 8th largest position. Heard Capital LLC’s holdings in AeroVironment were worth $157,584,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AVAV. Vanguard Group Inc. increased its position in shares of AeroVironment by 14.3% during the second quarter. Vanguard Group Inc. now owns 3,478,114 shares of the aerospace company’s stock valued at $991,089,000 after buying an additional 433,830 shares during the period. Alyeska Investment Group L.P. grew its stake in AeroVironment by 48.2% during the first quarter. Alyeska Investment Group L.P. now owns 902,814 shares of the aerospace company’s stock valued at $107,606,000 after acquiring an additional 293,553 shares in the last quarter. Geode Capital Management LLC increased its holdings in AeroVironment by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 678,431 shares of the aerospace company’s stock worth $193,342,000 after acquiring an additional 6,475 shares during the period. Invesco Ltd. increased its holdings in AeroVironment by 75.6% during the 2nd quarter. Invesco Ltd. now owns 609,019 shares of the aerospace company’s stock worth $173,540,000 after acquiring an additional 262,239 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in AeroVironment by 16.4% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 531,122 shares of the aerospace company’s stock worth $151,309,000 after purchasing an additional 74,636 shares in the last quarter. Institutional investors own 86.38% of the company’s stock.

AeroVironment Stock Down 4.3%

Shares of AVAV opened at $239.00 on Friday. AeroVironment, Inc. has a 1 year low of $102.25 and a 1 year high of $417.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.08 and a quick ratio of 5.12. The stock has a 50 day simple moving average of $327.59 and a two-hundred day simple moving average of $274.27. The firm has a market cap of $11.93 billion, a P/E ratio of -191.20, a P/E/G ratio of 3.69 and a beta of 1.13.

AeroVironment (NASDAQ:AVAV – Get Free Report) last posted its quarterly earnings results on Tuesday, December 9th. The aerospace company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.43). The business had revenue of $472.51 million for the quarter, compared to analysts’ expectations of $466.16 million. AeroVironment had a positive return on equity of 3.42% and a negative net margin of 5.08%.The company’s revenue was up 150.7% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. AeroVironment has set its FY 2026 guidance at 3.400-3.550 EPS. On average, analysts forecast that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AVAV. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a report on Tuesday, September 16th. Piper Sandler restated an “overweight” rating on shares of AeroVironment in a research report on Wednesday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of AeroVironment in a report on Monday. Citigroup reiterated an “outperform” rating on shares of AeroVironment in a research report on Friday, October 3rd. Finally, BTIG Research restated a “buy” rating and issued a $415.00 price objective on shares of AeroVironment in a research report on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, AeroVironment currently has a consensus rating of “Moderate Buy” and a consensus target price of $381.06.

Read Our Latest Research Report on AeroVironment

Insiders Place Their Bets

In other news, CFO Kevin Patrick Mcdonnell sold 998 shares of AeroVironment stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $399.74, for a total value of $398,940.52. Following the transaction, the chief financial officer owned 19,324 shares in the company, valued at approximately $7,724,575.76. The trade was a 4.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Trace E. Stevenson sold 1,717 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $381.00, for a total value of $654,177.00. Following the completion of the sale, the insider directly owned 4,907 shares of the company’s stock, valued at approximately $1,869,567. This trade represents a 25.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 3,739 shares of company stock worth $1,350,585. 0.81% of the stock is owned by corporate insiders.

AeroVironment Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding AVAV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AeroVironment, Inc. (NASDAQ:AVAV – Free Report).