Timothy G. Youngquist 2020 Irrevocable Trust Takes Position in AeroVironment, Inc. $AVAV

Timothy G. Youngquist 2020 Irrevocable Trust purchased a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,883 shares of the aerospace company’s stock, valued at approximately $1,466,000. AeroVironment comprises 0.3% of Timothy G. Youngquist 2020 Irrevocable Trust’s investment portfolio, making the stock its 29th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. United Services Automobile Association bought a new stake in AeroVironment during the 1st quarter worth approximately $225,000. Schnieders Capital Management LLC. acquired a new position in AeroVironment in the 2nd quarter valued at approximately $285,000. American Century Companies Inc. bought a new position in shares of AeroVironment during the second quarter valued at $633,000. EverSource Wealth Advisors LLC raised its stake in shares of AeroVironment by 5,200.0% during the second quarter. EverSource Wealth Advisors LLC now owns 159 shares of the aerospace company’s stock valued at $45,000 after acquiring an additional 156 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of AeroVironment by 0.4% during the second quarter. Marshall Wace LLP now owns 24,188 shares of the aerospace company’s stock worth $6,892,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 86.38% of the company’s stock.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, Director Stephen F. Page sold 250 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $174.41, for a total value of $43,602.50. Following the completion of the sale, the director directly owned 49,001 shares in the company, valued at approximately $8,546,264.41. This trade represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Brian Charles Shackley sold 205 shares of AeroVironment stock in a transaction on Friday, August 14th. The shares were sold at an average price of $201.86, for a total transaction of $41,381.30. Following the completion of the sale, the chief accounting officer directly owned 7,888 shares of the company’s stock, valued at approximately $1,592,271.68. This trade represents a 2.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.81% of the stock is owned by corporate insiders.

AeroVironment Price Performance

Shares of AVAV opened at $174.14 on Wednesday. The firm has a market cap of $8.81 billion, a PE ratio of -47.32, a price-to-earnings-growth ratio of 6.56 and a beta of 1.41. AeroVironment, Inc. has a 52-week low of $135.20 and a 52-week high of $417.86. The business’s 50 day moving average price is $162.49 and its two-hundred day moving average price is $192.46. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.59 and a current ratio of 4.30.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Monday, June 29th. The aerospace company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.47 by $0.37. The company had revenue of $641.62 million during the quarter, compared to the consensus estimate of $555.97 million. AeroVironment had a negative net margin of 9.00% and a positive return on equity of 3.71%. The company’s quarterly revenue was up 133.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 EPS. AeroVironment has set its FY 2027 guidance at 3.020-3.340 EPS. On average, equities analysts anticipate that AeroVironment, Inc. will post 3.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AVAV shares. Royal Bank Of Canada cut shares of AeroVironment from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $210.00 to $180.00 in a research note on Thursday, July 9th. Piper Sandler cut their target price on AeroVironment from $248.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. UBS Group reiterated a “buy” rating on shares of AeroVironment in a research report on Thursday, July 9th. KeyCorp reissued an “overweight” rating on shares of AeroVironment in a research note on Tuesday, July 28th. Finally, Stifel Nicolaus decreased their price target on AeroVironment from $315.00 to $220.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $266.68.

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.