Farther Finance Advisors LLC Sells 299 Shares of AeroVironment, Inc. $AVAV

Farther Finance Advisors LLC trimmed its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 21.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,075 shares of the aerospace company’s stock after selling 299 shares during the quarter. Farther Finance Advisors LLC’s holdings in AeroVironment were worth $306,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AVAV. Ameriprise Financial Inc. lifted its holdings in shares of AeroVironment by 281.6% during the first quarter. Ameriprise Financial Inc. now owns 430,307 shares of the aerospace company’s stock valued at $51,288,000 after purchasing an additional 317,530 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of 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 purchasing an additional 293,553 shares in the last quarter. Stephens Investment Management Group LLC lifted its holdings in shares of AeroVironment by 41.0% during the first quarter. Stephens Investment Management Group LLC now owns 763,489 shares of the aerospace company’s stock valued at $91,000,000 after purchasing an additional 221,948 shares in the last quarter. Nuveen LLC bought a new position in shares of AeroVironment during the first quarter valued at $23,501,000. Finally, Tocqueville Asset Management L.P. bought a new position in shares of AeroVironment during the first quarter valued at $16,802,000. 86.38% of the stock is owned by institutional investors.

AeroVironment Stock Performance

Shares of AVAV opened at $308.69 on Tuesday. The company has a quick ratio of 5.12, a current ratio of 5.96 and a debt-to-equity ratio of 0.16. The business has a 50-day simple moving average of $258.00 and a two-hundred day simple moving average of $205.34. The stock has a market cap of $15.41 billion, a price-to-earnings ratio of -482.32, a PEG ratio of 5.11 and a beta of 1.03. AeroVironment, Inc. has a 52 week low of $102.25 and a 52 week high of $317.11.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings results on Tuesday, September 9th. The aerospace company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The company had revenue of $454.68 million during the quarter, compared to analysts’ expectations of $446.16 million. AeroVironment had a positive return on equity of 4.67% and a negative net margin of 4.14%.The business’s quarterly revenue was up 140.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 EPS. AeroVironment has set its FY 2026 guidance at 3.600-3.70 EPS. On average, analysts expect that AeroVironment, Inc. will post 3.38 EPS for the current year.

Insider Buying and Selling

In other AeroVironment news, CEO Wahid Nawabi sold 17,300 shares of the company’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $263.05, for a total value 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. This represents a 12.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AVAV. Oppenheimer reaffirmed an “outperform” rating on shares of AeroVironment in a report on Sunday, June 29th. Jefferies Financial Group upped 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. KeyCorp initiated coverage on AeroVironment in a report on Sunday, June 29th. They set an “overweight” rating on the stock. JMP Securities reiterated a “market outperform” rating and set a $325.00 price objective on shares of AeroVironment in a research report on Monday, August 18th. Finally, Robert W. Baird upped their price objective on AeroVironment from $210.00 to $267.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $304.69.

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.