Amitell Capital Pte Ltd Takes $5.47 Million Position in AeroVironment, Inc. $AVAV

Amitell Capital Pte Ltd bought a new position in AeroVironment, Inc. (NASDAQ:AVAV) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 17,357 shares of the aerospace company’s stock, valued at approximately $5,466,000. AeroVironment accounts for about 3.3% of Amitell Capital Pte Ltd’s portfolio, making the stock its 7th biggest position.

A number of other hedge funds also recently bought and sold shares of AVAV. N.E.W. Advisory Services LLC increased its stake in shares of AeroVironment by 60.0% in the third quarter. N.E.W. Advisory Services LLC now owns 80 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 30 shares during the period. AlphaQuest LLC bought a new position in AeroVironment in the 3rd quarter worth approximately $25,000. TD Waterhouse Canada Inc. lifted its holdings in shares of AeroVironment by 100.0% during the third quarter. TD Waterhouse Canada Inc. now owns 80 shares of the aerospace company’s stock worth $28,000 after buying an additional 40 shares during the last quarter. Vermillion Wealth Management Inc. bought a new stake in shares of AeroVironment in the third quarter valued at approximately $31,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of AeroVironment in the third quarter valued at approximately $31,000. 86.38% of the stock is currently owned by institutional investors.

AeroVironment Stock Performance

NASDAQ:AVAV opened at $255.22 on Thursday. The stock has a market capitalization of $12.74 billion, a P/E ratio of -204.18, a price-to-earnings-growth ratio of 3.95 and a beta of 1.23. The company has a current ratio of 5.08, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. AeroVironment, Inc. has a 1 year low of $102.25 and a 1 year high of $417.86. The firm has a 50 day moving average of $286.99 and a 200-day moving average of $293.76.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Tuesday, December 9th. The aerospace company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.43). The business had revenue of $472.51 million for the quarter, compared to analyst estimates of $466.16 million. AeroVironment had a negative net margin of 5.08% and a positive return on equity of 3.42%. The company’s revenue for the quarter was up 150.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 earnings per share. AeroVironment has set its FY 2026 guidance at 3.400-3.550 EPS. As a group, sell-side analysts anticipate that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Piper Sandler reaffirmed an “overweight” rating on shares of AeroVironment in a research report on Wednesday, December 10th. Citigroup restated a “market outperform” rating on shares of AeroVironment in a report on Monday, January 12th. Citizens Jmp reissued a “market outperform” rating and set a $400.00 target price on shares of AeroVironment in a research report on Thursday, February 12th. Needham & Company LLC restated a “buy” rating and set a $450.00 price target on shares of AeroVironment in a research note on Friday, January 30th. Finally, UBS Group assumed coverage on AeroVironment in a research report on Wednesday, February 18th. They issued a “neutral” rating and a $259.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, AeroVironment currently has an average rating of “Moderate Buy” and a consensus price target of $367.00.

Insiders Place Their Bets

In related news, CAO Brian Charles Shackley sold 200 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $250.92, for a total value of $50,184.00. Following the completion of the transaction, the chief accounting officer owned 5,994 shares in the company, valued at $1,504,014.48. The trade was a 3.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen F. Page sold 250 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $275.00, for a total value of $68,750.00. Following the completion of the transaction, the director owned 50,251 shares in the company, valued at $13,819,025. The trade was a 0.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,339 shares of company stock valued at $1,353,910 in the last 90 days. 0.81% of the stock is currently owned by 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.