DMC Group LLC Reduces Stock Holdings in AeroVironment, Inc. $AVAV

DMC Group LLC reduced its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 18.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,936 shares of the aerospace company’s stock after selling 428 shares during the period. DMC Group LLC’s holdings in AeroVironment were worth $552,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new position in AeroVironment during the 4th quarter worth approximately $251,000. Rhumbline Advisers grew its position in shares of AeroVironment by 0.3% during the first quarter. Rhumbline Advisers now owns 62,969 shares of the aerospace company’s stock worth $7,505,000 after acquiring an additional 205 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of AeroVironment during the first quarter worth approximately $51,000. Portside Wealth Group LLC grew its position in shares of AeroVironment by 4.3% during the first quarter. Portside Wealth Group LLC now owns 1,741 shares of the aerospace company’s stock worth $208,000 after acquiring an additional 71 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in AeroVironment by 9.5% during the 1st quarter. Farther Finance Advisors LLC now owns 1,374 shares of the aerospace company’s stock worth $167,000 after purchasing an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Insider Buying and Selling at AeroVironment

In other news, CEO Wahid Nawabi sold 17,300 shares of the company’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $263.05, for a total value of $4,550,765.00. Following the sale, the chief executive officer directly owned 122,233 shares in the company, valued at $32,153,390.65. This represents a 12.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Trace E. Stevenson sold 1,717 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $381.00, for a total transaction of $654,177.00. Following the completion of the transaction, the insider owned 4,907 shares in the company, valued at approximately $1,869,567. This trade represents a 25.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AVAV. Robert W. Baird raised their price objective on shares of AeroVironment from $267.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. JMP Securities raised their price target on AeroVironment from $325.00 to $400.00 and gave the stock a “market outperform” rating in a report on Friday. Raymond James Financial lifted their target price on AeroVironment from $300.00 to $348.00 and gave the company a “strong-buy” rating in a research note on Monday, September 29th. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a report on Tuesday, September 16th. Finally, The Goldman Sachs Group lifted their price target on AeroVironment from $300.00 to $333.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, AeroVironment currently has a consensus rating of “Moderate Buy” and a consensus target price of $356.07.

AeroVironment Price Performance

AeroVironment stock opened at $395.13 on Wednesday. AeroVironment, Inc. has a 52 week low of $102.25 and a 52 week high of $400.01. The company has a quick ratio of 5.12, a current ratio of 5.96 and a debt-to-equity ratio of 0.16. The firm’s 50-day simple moving average is $269.29 and its 200 day simple moving average is $214.73. The firm has a market capitalization of $19.73 billion, a PE ratio of -617.38, a P/E/G ratio of 6.65 and a beta of 0.99.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Tuesday, September 9th. The aerospace company reported $0.32 earnings per share (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 business had revenue of $454.68 million during the quarter, compared to analysts’ expectations of $446.16 million. During the same period last year, the company earned $0.89 EPS. The firm’s revenue for the quarter was up 140.0% on a year-over-year basis. AeroVironment has set its FY 2026 guidance at 3.600-3.70 EPS. On average, equities research analysts predict that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

About AeroVironment

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.