Swedbank AB Purchases 260,072 Shares of AeroVironment, Inc. $AVAV

Swedbank AB grew its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 22,773.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 261,214 shares of the aerospace company’s stock after acquiring an additional 260,072 shares during the quarter. Swedbank AB’s holdings in AeroVironment were worth $63,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of AVAV. Groupama Asset Managment bought a new position in shares of AeroVironment during the 3rd quarter valued at $314,890,000. CIBC Private Wealth Group LLC lifted its holdings in shares of AeroVironment by 24,798.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 315,716 shares of the aerospace company’s stock valued at $99,416,000 after buying an additional 314,448 shares during the period. Franklin Resources Inc. lifted its holdings in shares of AeroVironment by 3,880.9% during the 3rd quarter. Franklin Resources Inc. now owns 206,607 shares of the aerospace company’s stock valued at $65,058,000 after buying an additional 201,417 shares during the period. Ghisallo Capital Management LLC bought a new position in shares of AeroVironment during the 3rd quarter valued at $62,978,000. Finally, Bank of America Corp DE lifted its holdings in shares of AeroVironment by 2,668.1% during the 3rd quarter. Bank of America Corp DE now owns 148,927 shares of the aerospace company’s stock valued at $46,896,000 after buying an additional 154,726 shares during the period. 86.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AVAV shares. Robert W. Baird lowered their price target on AeroVironment from $260.00 to $235.00 and set an “outperform” rating on the stock in a report on Wednesday, March 11th. BTIG Research lowered their price target on AeroVironment from $415.00 to $330.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Raymond James Financial raised AeroVironment from an “underperform” rating to a “market perform” rating in a report on Monday, March 23rd. Canaccord Genuity Group decreased their target price on AeroVironment from $330.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Finally, Stifel Nicolaus decreased their target price on AeroVironment from $389.00 to $315.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. Two research 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 issued a Sell rating to the company. According to data from MarketBeat, AeroVironment has an average rating of “Moderate Buy” and an average target price of $318.78.

AeroVironment Price Performance

Shares of AeroVironment stock opened at $174.23 on Friday. AeroVironment, Inc. has a one year low of $156.00 and a one year high of $417.86. The stock’s fifty day moving average is $187.52 and its 200 day moving average is $248.00. The stock has a market cap of $8.70 billion, a P/E ratio of -40.15, a P/E/G ratio of 2.39 and a beta of 1.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.54 and a current ratio of 5.51.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Tuesday, March 10th. The aerospace company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). The business had revenue of $408.05 million for the quarter, compared to the consensus estimate of $487.94 million. AeroVironment had a negative net margin of 13.93% and a positive return on equity of 3.26%. AeroVironment’s revenue was up 143.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 earnings per share. AeroVironment has set its FY 2026 guidance at 2.750-3.100 EPS. Sell-side analysts anticipate that AeroVironment, Inc. will post 2.94 earnings per share for the current year.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 396 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $224.55, for a total transaction of $88,921.80. Following the sale, the chief financial officer directly owned 16,026 shares of the company’s stock, valued at $3,598,638.30. This trade represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brian Charles Shackley sold 200 shares of the firm’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 $42,504.00. Following the transaction, the chief accounting officer owned 5,794 shares of the company’s stock, valued at approximately $1,231,340.88. The trade was a 3.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,596 shares of company stock valued at $349,456 over the last ninety days. 0.81% of the stock is currently owned by company insiders.

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.