SteelPeak Wealth LLC Trims Position in AeroVironment, Inc. $AVAV

SteelPeak Wealth LLC decreased its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 39.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 9,267 shares of the aerospace company’s stock after selling 5,944 shares during the period. SteelPeak Wealth LLC’s holdings in AeroVironment were worth $2,641,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AVAV. Stephens Investment Management Group LLC grew its position in shares of AeroVironment by 41.0% in the 1st quarter. Stephens Investment Management Group LLC now owns 763,489 shares of the aerospace company’s stock worth $91,000,000 after buying an additional 221,948 shares during the last quarter. Penserra Capital Management LLC grew its position in shares of AeroVironment by 35.4% in the 1st quarter. Penserra Capital Management LLC now owns 17,873 shares of the aerospace company’s stock worth $2,130,000 after buying an additional 4,669 shares during the last quarter. Stephens Inc. AR grew its position in shares of AeroVironment by 94.8% in the 1st quarter. Stephens Inc. AR now owns 4,415 shares of the aerospace company’s stock worth $526,000 after buying an additional 2,148 shares during the last quarter. Vontobel Holding Ltd. purchased a new position in shares of AeroVironment in the 1st quarter worth approximately $1,142,000. Finally, Principal Financial Group Inc. grew its position in shares of AeroVironment by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 139,835 shares of the aerospace company’s stock worth $16,667,000 after buying an additional 3,183 shares during the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

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 firm has a market capitalization of $19.73 billion, a price-to-earnings ratio of -617.38, a PEG ratio of 6.65 and a beta of 0.99. The company has a fifty day simple moving average of $269.29 and a 200-day simple moving average of $214.73. The company has a quick ratio of 5.12, a current ratio of 5.96 and a debt-to-equity ratio of 0.16.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Tuesday, September 9th. The aerospace company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The firm had revenue of $454.68 million for the quarter, compared to analyst estimates of $446.16 million. AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. The company’s revenue was up 140.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 EPS. AeroVironment has set its FY 2026 guidance at 3.600-3.70 EPS. On average, equities analysts anticipate that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AVAV has been the subject of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target on shares of AeroVironment in a report on Wednesday, September 10th. Oppenheimer reissued an “outperform” rating on shares of AeroVironment in a report on Sunday, June 29th. Raymond James Financial upped their target price on shares of AeroVironment from $300.00 to $348.00 and gave the stock a “strong-buy” rating in a report on Monday, September 29th. Cantor Fitzgerald initiated coverage on shares of AeroVironment in a report on Tuesday, July 8th. They set an “overweight” rating and a $335.00 target price for the company. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of AeroVironment in a report on Saturday, September 27th. 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $356.07.

Insider Activity

In other news, CEO Wahid Nawabi sold 17,300 shares of the business’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $263.05, for a total transaction of $4,550,765.00. Following the transaction, the chief executive officer owned 122,233 shares of the company’s stock, valued at approximately $32,153,390.65. The trade was a 12.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Trace E. Stevenson sold 1,717 shares of the business’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 transaction, the insider directly owned 4,907 shares in the company, valued at approximately $1,869,567. The trade was a 25.92% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

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.