AeroVironment (NASDAQ:AVAV) Now Covered by JPMorgan Chase & Co.

Research analysts at JPMorgan Chase & Co. started coverage on shares of AeroVironment (NASDAQ:AVAV) in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm set an “overweight” rating and a $320.00 price target on the aerospace company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 31.22% from the stock’s previous close.

AVAV has been the topic of several other reports. Citigroup reissued a “market outperform” rating on shares of AeroVironment in a research report on Monday, January 12th. Piper Sandler reaffirmed an “overweight” rating on shares of AeroVironment in a research note on Wednesday, December 10th. BTIG Research reissued a “buy” rating and issued a $415.00 price target on shares of AeroVironment in a research report on Monday, January 26th. Citizens Jmp restated a “market outperform” rating and set a $400.00 price target on shares of AeroVironment in a report on Thursday, February 12th. Finally, Zacks Research upgraded shares of AeroVironment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $374.83.

AeroVironment Stock Performance

Shares of AVAV opened at $243.87 on Tuesday. The company has a 50-day moving average of $284.20 and a two-hundred day moving average of $293.78. The stock has a market cap of $12.18 billion, a price-to-earnings ratio of -195.10, a PEG ratio of 3.61 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. AeroVironment has a one year low of $102.25 and a one year high of $417.86.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings results on Tuesday, December 9th. The aerospace company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.43). AeroVironment had a negative net margin of 5.08% and a positive return on equity of 3.42%. The firm had revenue of $472.51 million during the quarter, compared to analysts’ expectations of $466.16 million. During the same quarter last year, the company posted $0.47 EPS. The firm’s revenue was up 150.7% compared to the same quarter last year. AeroVironment has set its FY 2026 guidance at 3.400-3.550 EPS. On average, equities research analysts expect that AeroVironment will post 3.38 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Kevin Patrick Mcdonnell sold 879 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $267.60, for a total value of $235,220.40. Following the transaction, the chief financial officer directly owned 16,422 shares in the company, valued at approximately $4,394,527.20. This trade represents a 5.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Brian Charles Shackley sold 200 shares of the business’s stock in a transaction 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 directly owned 5,994 shares of the company’s stock, valued at approximately $1,504,014.48. This represents a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,589 shares of company stock worth $1,157,685. 0.81% of the stock is currently owned by insiders.

Institutional Trading of AeroVironment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. N.E.W. Advisory Services LLC lifted its holdings in shares of AeroVironment by 60.0% during the third quarter. N.E.W. Advisory Services LLC now owns 80 shares of the aerospace company’s stock worth $25,000 after buying an additional 30 shares during the last quarter. AlphaQuest LLC bought a new position in AeroVironment during the third quarter worth $25,000. Tema Etfs LLC acquired a new position in AeroVironment during the 4th quarter valued at $26,000. Hilton Head Capital Partners LLC acquired a new stake in AeroVironment in the 4th quarter worth $26,000. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of AeroVironment by 100.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 80 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 86.38% of the company’s stock.

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.