AlphaQuest LLC Invests $60,000 in AeroVironment, Inc. $AVAV

AlphaQuest LLC acquired a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 507 shares of the aerospace company’s stock, valued at approximately $60,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Redwood Investments LLC lifted its holdings in shares of AeroVironment by 0.7% during the 4th quarter. Redwood Investments LLC now owns 9,273 shares of the aerospace company’s stock worth $1,427,000 after acquiring an additional 66 shares during the period. Portside Wealth Group LLC lifted its holdings in shares of AeroVironment by 4.3% during the 1st quarter. Portside Wealth Group LLC now owns 1,741 shares of the aerospace company’s stock worth $208,000 after acquiring an additional 71 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of AeroVironment by 5.5% during the 4th quarter. Mackenzie Financial Corp now owns 1,601 shares of the aerospace company’s stock worth $246,000 after acquiring an additional 83 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in shares of AeroVironment by 2.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 3,199 shares of the aerospace company’s stock worth $381,000 after acquiring an additional 83 shares during the period. Finally, CoreCap Advisors LLC lifted its holdings in shares of AeroVironment by 120.2% during the 4th quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 101 shares during the period. 86.38% of the stock is owned by institutional investors.

Insider Activity at AeroVironment

In other news, CEO Wahid Nawabi sold 17,300 shares of AeroVironment stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $263.05, for a total transaction of $4,550,765.00. Following the completion of the sale, the chief executive officer owned 122,233 shares in the company, valued at $32,153,390.65. The trade was a 12.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.81% of the stock is currently owned by corporate insiders.

AeroVironment Trading Down 0.7%

AVAV opened at $238.23 on Thursday. The company has a current ratio of 3.52, a quick ratio of 2.69 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $11.89 billion, a PE ratio of 153.70 and a beta of 1.02. AeroVironment, Inc. has a 1-year low of $102.25 and a 1-year high of $295.90. The firm has a 50-day moving average price of $255.22 and a two-hundred day moving average price of $189.06.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Tuesday, June 24th. The aerospace company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.20. The firm had revenue of $275.05 million during the quarter, compared to analysts’ expectations of $242.69 million. AeroVironment had a net margin of 5.32% and a return on equity of 10.68%. The company’s quarterly revenue was up 39.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. AeroVironment has set its FY 2026 guidance at 2.800-3.000 EPS. As a group, equities analysts anticipate that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AVAV shares. Canaccord Genuity Group started coverage on shares of AeroVironment in a report on Monday, August 11th. They set a “buy” rating and a $305.00 price target for the company. Citigroup started coverage on shares of AeroVironment in a report on Monday, August 4th. They set an “outperform” rating for the company. Cantor Fitzgerald started coverage on shares of AeroVironment in a report on Tuesday, July 8th. They set an “overweight” rating and a $335.00 price target for the company. Jefferies Financial Group lifted their price target on shares of AeroVironment from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, The Goldman Sachs Group started coverage on shares of AeroVironment in a report on Monday, June 30th. They set a “buy” rating and a $301.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $292.33.

About AeroVironment

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.