5,189 Shares in AeroVironment, Inc. $AVAV Bought by Diversified Trust Co
by Kim Johansen · The Markets DailyDiversified Trust Co acquired a new position in AeroVironment, Inc. (NASDAQ:AVAV – Free Report) during the first quarter, Holdings Channel.com reports. The firm acquired 5,189 shares of the aerospace company’s stock, valued at approximately $950,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVAV. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of AeroVironment during the third quarter valued at about $29,000. Huntington National Bank lifted its stake in shares of AeroVironment by 72.1% in the third quarter. Huntington National Bank now owns 105 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 44 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of AeroVironment in the fourth quarter worth about $26,000. Tema Etfs LLC purchased a new position in AeroVironment in the fourth quarter valued at about $26,000. Finally, National Bank of Canada FI boosted its holdings in AeroVironment by 230.3% in the third quarter. National Bank of Canada FI now owns 109 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 76 shares during the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
AVAV has been the subject of a number of recent analyst reports. Needham & Company LLC lowered their price objective on AeroVironment from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. KeyCorp cut their target price on AeroVironment from $330.00 to $295.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 11th. Citizens Jmp reduced their target price on AeroVironment from $400.00 to $350.00 and set a “market outperform” rating for the company in a research note on Wednesday, March 11th. Clear Str raised shares of AeroVironment to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen upgraded shares of AeroVironment from a “sell” rating to a “hold” rating in a research note on Sunday, June 7th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $311.83.
View Our Latest Stock Report on AVAV
Insider Transactions at AeroVironment
In other AeroVironment news, Director Stephen F. Page sold 250 shares of AeroVironment stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $174.41, for a total value of $43,602.50. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 750 shares of company stock valued at $133,502 over the last quarter. Company insiders own 0.81% of the company’s stock.
AeroVironment Price Performance
Shares of NASDAQ:AVAV opened at $142.18 on Thursday. The company has a quick ratio of 4.54, a current ratio of 5.51 and a debt-to-equity ratio of 0.17. AeroVironment, Inc. has a fifty-two week low of $141.73 and a fifty-two week high of $417.86. The firm has a 50-day simple moving average of $180.27 and a 200 day simple moving average of $228.22. The company has a market cap of $7.10 billion, a PE ratio of -32.76, a P/E/G ratio of 2.05 and a beta of 1.35.
More AeroVironment News
Here are the key news stories impacting AeroVironment this week:
- Negative Sentiment: AeroVironment disclosed an $89 million goodwill impairment/restatement tied to its space unit, along with internal control weaknesses, which has raised concerns about prior financial reporting and likely pressured the stock. AeroVironment (AVAV) Faces Lawsuits And Restates Earnings Over $89 Million Error
- Negative Sentiment: Multiple law firms announced securities class actions and deadline reminders for investors who bought AVAV during the class period, keeping litigation risk in focus and adding to sentiment pressure. AVAV DEADLINE: Levi & Korsinsky Reminds AeroVironment, Inc. Investors of Upcoming Securities Class Action Deadline
- Negative Sentiment: Another lawsuit-focused report said the company is facing class action claims related to an alleged SCAR contract cancellation and a sharp share-price drop, reinforcing worries about contract visibility and disclosures. AVAV Class Action Lawsuit: AeroVironment Sued for Securities Fraud after SCAR Contract Cancellation Leads to 17% Stock Drop
- Neutral Sentiment: Analyst previews ahead of next week’s earnings are drawing attention to revenue, profitability, and other operating metrics, but these pieces are mostly positioning the upcoming report rather than changing the near-term narrative. Top Wall Street Forecasters Revamp AeroVironment Expectations Ahead Of Q4 Earnings
- Positive Sentiment: Longer-term defense spending themes remain supportive, with commentary highlighting rising Pentagon drone investment and AeroVironment’s role in unmanned systems, which may help offset some of the legal overhang. Pentagon’s $55 Billion Drone Investment: Top Defense Stocks to Watch
About AeroVironment
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.
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