Janney Montgomery Scott LLC Lowers Stock Holdings in AeroVironment, Inc. $AVAV

Janney Montgomery Scott LLC reduced its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 16.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,369 shares of the aerospace company’s stock after selling 2,724 shares during the quarter. Janney Montgomery Scott LLC’s holdings in AeroVironment were worth $3,809,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AVAV. ORG Partners LLC lifted its holdings in shares of AeroVironment by 296.0% in the 2nd quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock valued at $27,000 after buying an additional 74 shares during the period. Spirit of America Management Corp NY acquired a new position in shares of AeroVironment in the first quarter worth $36,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of AeroVironment in the first quarter worth $40,000. Signaturefd LLC raised its holdings in shares of AeroVironment by 56.1% in the first quarter. Signaturefd LLC now owns 398 shares of the aerospace company’s stock worth $47,000 after acquiring an additional 143 shares during the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of AeroVironment in the first quarter valued at $51,000. 86.38% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Trace E. Stevenson sold 1,717 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $381.00, for a total transaction of $654,177.00. Following the completion of the sale, the insider owned 4,907 shares in the company, valued at approximately $1,869,567. This represents a 25.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Wahid Nawabi sold 17,300 shares of the stock in a transaction on Wednesday, July 16th. The shares were 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 of the company’s stock, valued at $32,153,390.65. The trade was a 12.40% decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

AeroVironment Stock Up 0.8%

NASDAQ:AVAV opened at $395.13 on Wednesday. The firm has a market capitalization of $19.73 billion, a PE ratio of -617.38, a price-to-earnings-growth ratio of 6.65 and a beta of 0.99. The stock has a 50 day moving average of $269.29 and a 200-day moving average of $214.73. AeroVironment, Inc. has a 52 week low of $102.25 and a 52 week high of $400.01. The company has a current ratio of 5.96, a quick ratio of 5.12 and a debt-to-equity ratio of 0.16.

AeroVironment (NASDAQ:AVAV) last posted its earnings results on Tuesday, September 9th. The aerospace company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. The company had revenue of $454.68 million for the quarter, compared to the consensus estimate of $446.16 million. During the same period last year, the company posted $0.89 earnings per share. The firm’s revenue for the quarter was up 140.0% compared to the same quarter last year. AeroVironment has set its FY 2026 guidance at 3.600-3.70 EPS. Analysts predict that AeroVironment, Inc. will post 3.38 EPS for the current year.

Analyst Upgrades and Downgrades

AVAV has been the subject of a number of recent analyst reports. Wall Street Zen raised AeroVironment from a “sell” rating to a “hold” rating in a research report on Sunday, June 22nd. Wedbush upgraded AeroVironment to an “outperform” rating in a research note on Wednesday, June 25th. Citizens Jmp began coverage on AeroVironment in a research note on Monday, August 4th. They set a “strong-buy” rating and a $325.00 price objective on the stock. Oppenheimer restated an “outperform” rating on shares of AeroVironment in a research note on Sunday, June 29th. Finally, William Blair reiterated an “outperform” rating on shares of AeroVironment in a research note on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $356.07.

AeroVironment 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.