Renaissance Technologies LLC Has $8.78 Million Holdings in AeroVironment, Inc. $AVAV

Renaissance Technologies LLC decreased its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 57.5% during the 1st quarter, Holdings Channel.com reports. The fund owned 47,976 shares of the aerospace company’s stock after selling 64,880 shares during the quarter. Renaissance Technologies LLC’s holdings in AeroVironment were worth $8,782,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hilton Head Capital Partners LLC bought a new stake in AeroVironment during the 4th quarter worth approximately $26,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of AeroVironment in the first quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. boosted its position in shares of AeroVironment by 90.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 133 shares of the aerospace company’s stock valued at $32,000 after buying an additional 63 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of AeroVironment by 73.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 139 shares of the aerospace company’s stock valued at $34,000 after buying an additional 59 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in AeroVironment by 230.3% during the third quarter. National Bank of Canada FI now owns 109 shares of the aerospace company’s stock worth $34,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

AeroVironment Price Performance

Shares of NASDAQ:AVAV opened at $149.37 on Monday. The company has a market capitalization of $7.56 billion, a PE ratio of -40.59, a price-to-earnings-growth ratio of 5.08 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.30 and a quick ratio of 3.59. The business has a fifty day moving average price of $165.29 and a two-hundred day moving average price of $206.04. AeroVironment, Inc. has a 1 year low of $135.20 and a 1 year high of $417.86.

AeroVironment (NASDAQ:AVAV) last released 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. The company had revenue of $641.62 million for the quarter, compared to analysts’ expectations of $555.97 million. AeroVironment had a positive return on equity of 3.71% and a negative net margin of 9.00%.The business’s revenue for the quarter was up 133.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.61 EPS. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. Analysts forecast that AeroVironment, Inc. will post 3.26 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wedbush assumed coverage on AeroVironment in a research report on Tuesday, June 30th. They issued an “outperform” rating and a $250.00 price target for the company. Jefferies Financial Group cut their price objective on shares of AeroVironment from $305.00 to $229.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. UBS Group reiterated a “buy” rating on shares of AeroVironment in a research note on Thursday, July 9th. Citigroup reiterated a “market outperform” rating on shares of AeroVironment in a report on Tuesday, July 28th. Finally, Piper Sandler dropped their price target on shares of AeroVironment from $248.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $266.68.

Insider Buying and Selling

In other AeroVironment news, Director Stephen F. Page sold 250 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $174.41, for a total value of $43,602.50. Following the transaction, the director directly owned 49,001 shares in the company, valued at $8,546,264.41. The trade was a 0.51% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.81% of the company’s stock.

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.