Wealth Enhancement Advisory Services Reduces $9M in AeroVironment, Inc. ($AVAV)
Key Points
- Wealth Enhancement Advisory Services changed its AeroVironment, Inc. ($AVAV) stake by 31.3% last quarter, cutting to 118,342 shares worth $20.19 million.
- Wall Street's consensus rating on $AVAV is Buy and an average price target of $309.88.
- $AVAV last traded around $170.58.
Wealth Enhancement Advisory Services reduced its position in AeroVironment, Inc. ($AVAV) by 31.3% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,342 shares of AeroVironment, Inc. after selling 53,896 shares during the quarter. Wealth Enhancement Advisory Services's holdings in AeroVironment, Inc. were worth $20.19 million as of its most recent filing.
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About AeroVironment, Inc.
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 in two segments, Autonomous Systems; and Space, Cyber and Directed Energy. The company provides uncrewed aircraft systems (UAS), which include small and medium UAS, and kinesis command and control software; and counter-UAS and precision strike, a loitering munitions solution that deliver actionable intelligence and precision firepower modern warfighters, including precision strike, radio frequency and kinetic C-UAS, and electronic warfare systems. It also offers autonomy, AI, and platform technologies; unmanned maritime; uncrewed ground systems; and high-altitude pseudo-satellites. The company provides digital beamforming technology, a multi-band/beam software defined antenna tile that allows simultaneous communication with multiple satellites; laser communications, a data transmission systems for space operations; space-qualified hardware for line of sight stabilization and control electronics in low, medium, and geostationary earth orbit, as well as cislunar orbits; phased array antenna technology to supports hypersonic telemetry and tracking, and other missile testing; and directed energy solution. It also offers cyber solution for national security and defense operations; and HaloCortex OSINT, an AI-powered OSINT analysis platform to provide insights and solve department of defense and commercial challenges. AeroVironment, Inc. was incorporated in 1971 and is headquartered in Arlington, Virginia.
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