AeroVironment, Inc. $AVAV Shares Sold by Granite Investment Partners LLC

Granite Investment Partners LLC decreased its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 75.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,269 shares of the aerospace company’s stock after selling 16,264 shares during the quarter. Granite Investment Partners LLC’s holdings in AeroVironment were worth $1,659,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AVAV. State of Michigan Retirement System purchased a new position in shares of AeroVironment in the 3rd quarter valued at about $2,393,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of AeroVironment by 550.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 178,204 shares of the aerospace company’s stock worth $56,115,000 after buying an additional 150,819 shares during the period. Rheos Capital Works Inc. acquired a new stake in AeroVironment in the third quarter valued at approximately $37,787,000. Congress Asset Management Co. lifted its stake in AeroVironment by 1.4% in the third quarter. Congress Asset Management Co. now owns 346,999 shares of the aerospace company’s stock worth $109,267,000 after acquiring an additional 4,745 shares during the last quarter. Finally, Traynor Capital Management Inc. purchased a new position in AeroVironment in the third quarter worth approximately $1,121,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Insider Buying and Selling

In other AeroVironment news, CAO Brian Charles Shackley sold 200 shares of AeroVironment stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $250.92, for a total transaction of $50,184.00. Following the transaction, the chief accounting officer owned 5,994 shares of the company’s stock, valued at $1,504,014.48. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kevin Patrick Mcdonnell sold 999 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $367.60, for a total value of $367,232.40. Following the completion of the sale, the chief financial officer owned 17,301 shares of the company’s stock, valued at approximately $6,359,847.60. This represents a 5.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 4,339 shares of company stock worth $1,353,910 in the last quarter. 0.81% of the stock is owned by insiders.

AeroVironment Price Performance

Shares of AVAV opened at $261.33 on Tuesday. AeroVironment, Inc. has a 1-year low of $102.25 and a 1-year high of $417.86. The stock has a market cap of $13.05 billion, a PE ratio of -209.06, a price-to-earnings-growth ratio of 3.99 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.08 and a quick ratio of 4.29. The firm has a fifty day moving average price of $285.91 and a 200 day moving average price of $293.92.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings data on Tuesday, December 9th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.43). AeroVironment had a positive return on equity of 3.42% and a negative net margin of 5.08%.The firm had revenue of $472.51 million for the quarter, compared to analysts’ expectations of $466.16 million. During the same period in the previous year, the business posted $0.47 EPS. The business’s revenue for the quarter was up 150.7% compared to the same quarter last year. 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 year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AVAV shares. Piper Sandler reissued an “overweight” rating on shares of AeroVironment in a research report on Wednesday, December 10th. Needham & Company LLC reiterated a “buy” rating and set a $450.00 target price on shares of AeroVironment in a research note on Friday, January 30th. Royal Bank Of Canada restated an “outperform” rating on shares of AeroVironment in a research note on Tuesday, January 20th. Cantor Fitzgerald decreased their price target on AeroVironment from $335.00 to $315.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of AeroVironment in a research report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, AeroVironment presently has a consensus rating of “Moderate Buy” and a consensus target price of $367.00.

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.