Fisher Asset Management LLC Decreases Stake in AeroVironment, Inc. $AVAV

Fisher Asset Management LLC lessened its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 9.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 283,686 shares of the aerospace company’s stock after selling 29,299 shares during the quarter. Fisher Asset Management LLC’s holdings in AeroVironment were worth $68,621,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. ARK Investment Management LLC increased its position in shares of AeroVironment by 28.9% in the third quarter. ARK Investment Management LLC now owns 400,457 shares of the aerospace company’s stock worth $126,100,000 after acquiring an additional 89,697 shares in the last quarter. State of Michigan Retirement System acquired a new position in shares of AeroVironment during the 3rd quarter valued at $2,393,000. F m Investments LLC purchased a new stake in AeroVironment during the 4th quarter worth $1,775,000. Keystone Investors PTE Ltd. acquired a new stake in AeroVironment in the 3rd quarter valued at $2,355,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in AeroVironment by 92.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 20,173 shares of the aerospace company’s stock valued at $5,168,000 after purchasing an additional 9,675 shares in the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on AVAV shares. Jefferies Financial Group reduced their price objective on AeroVironment from $390.00 to $305.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Zacks Research upgraded AeroVironment from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Citizens Jmp reduced their price target on AeroVironment from $400.00 to $350.00 and set a “market outperform” rating on the stock in a research report on Wednesday, March 11th. Clear Str upgraded AeroVironment to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, KeyCorp lowered their price objective on shares of AeroVironment from $330.00 to $295.00 and set an “overweight” rating for the company in a research report on Wednesday, March 11th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $318.78.

AeroVironment Stock Performance

AeroVironment stock opened at $174.23 on Tuesday. AeroVironment, Inc. has a 12-month low of $156.00 and a 12-month high of $417.86. The company has a market capitalization of $8.70 billion, a price-to-earnings ratio of -40.15, a price-to-earnings-growth ratio of 2.39 and a beta of 1.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.51 and a quick ratio of 4.54. The firm’s fifty day moving average price is $186.76 and its 200 day moving average price is $245.81.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Tuesday, March 10th. The aerospace company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.04). AeroVironment had a positive return on equity of 3.26% and a negative net margin of 13.93%.The firm had revenue of $408.05 million for the quarter, compared to analysts’ expectations of $487.94 million. During the same period last year, the firm earned $0.30 EPS. The business’s quarterly revenue was up 143.4% on a year-over-year basis. AeroVironment has set its FY 2026 guidance at 2.750-3.100 EPS. On average, research analysts forecast that AeroVironment, Inc. will post 2.94 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Stephen F. Page sold 250 shares of AeroVironment stock in a transaction on Friday, May 15th. The shares were sold at an average price of $162.31, for a total transaction of $40,577.50. Following the sale, the director owned 49,251 shares of the company’s stock, valued at $7,993,929.81. The trade was a 0.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Brian Charles Shackley sold 200 shares of AeroVironment stock in a transaction on Monday, March 16th. The stock was sold at an average price of $212.52, for a total transaction of $42,504.00. Following the sale, the chief accounting officer directly owned 5,794 shares in the company, valued at $1,231,340.88. This trade represents a 3.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,596 shares of company stock valued at $349,456 in the last quarter. Company insiders own 0.81% of the company’s stock.

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.