Hsbc Holdings PLC Trims Stake in AeroVironment, Inc. $AVAV

Hsbc Holdings PLC lowered its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 28.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,843 shares of the aerospace company’s stock after selling 1,150 shares during the quarter. Hsbc Holdings PLC’s holdings in AeroVironment were worth $336,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Redwood Investments LLC lifted its stake in AeroVironment by 0.7% in the 4th quarter. Redwood Investments LLC now owns 9,273 shares of the aerospace company’s stock valued at $1,427,000 after buying an additional 66 shares in the last quarter. Portside Wealth Group LLC lifted its stake in AeroVironment by 4.3% in the 1st quarter. Portside Wealth Group LLC now owns 1,741 shares of the aerospace company’s stock valued at $208,000 after buying an additional 71 shares in the last quarter. Mackenzie Financial Corp lifted its stake in AeroVironment by 5.5% in the 4th quarter. Mackenzie Financial Corp now owns 1,601 shares of the aerospace company’s stock valued at $246,000 after buying an additional 83 shares in the last quarter. Kestra Private Wealth Services LLC lifted its stake in AeroVironment by 2.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 3,199 shares of the aerospace company’s stock valued at $381,000 after buying an additional 83 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its stake in AeroVironment by 120.2% in the 4th quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company’s stock valued at $28,000 after buying an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

AeroVironment Trading Down 0.7%

AVAV stock opened at $238.23 on Thursday. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 153.70 and a beta of 1.02. The company has a quick ratio of 2.69, a current ratio of 3.52 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $255.22 and a 200-day simple moving average of $189.06. AeroVironment, Inc. has a 52 week low of $102.25 and a 52 week high of $295.90.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data on Tuesday, June 24th. The aerospace company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.20. AeroVironment had a return on equity of 10.68% and a net margin of 5.32%.The business had revenue of $275.05 million during the quarter, compared to the consensus estimate of $242.69 million. During the same period in the prior year, the firm posted $0.43 EPS. The business’s revenue for the quarter was up 39.6% on a year-over-year basis. AeroVironment has set its FY 2026 guidance at 2.800-3.000 EPS. On average, equities research analysts expect that AeroVironment, Inc. will post 3.38 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Wahid Nawabi sold 17,300 shares of the company’s stock in a transaction 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 directly owned 122,233 shares of the company’s stock, valued at approximately $32,153,390.65. This represents a 12.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Citizens Jmp assumed coverage on AeroVironment in a report on Monday, August 4th. They issued a “strong-buy” rating and a $325.00 price target for the company. Cantor Fitzgerald assumed coverage on AeroVironment in a report on Tuesday, July 8th. They issued an “overweight” rating and a $335.00 price target for the company. Needham & Company LLC assumed coverage on AeroVironment in a report on Tuesday, August 19th. They issued a “buy” rating and a $300.00 price target for the company. Jefferies Financial Group boosted their price target on AeroVironment from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, BTIG Research boosted their price target on AeroVironment from $225.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, June 24th. Three equities research analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to MarketBeat, AeroVironment has an average rating of “Buy” and an average target price of $292.33.

AeroVironment Company Profile

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.