Applied Aerospace & Defense, Inc. (NYSE:AADX) Receives Average Rating of “Moderate Buy” from Analysts

Applied Aerospace & Defense, Inc. (NYSE:AADX) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $24.6250.

A number of equities analysts recently weighed in on AADX shares. Robert W. Baird assumed coverage on shares of Applied Aerospace & Defense in a report on Monday, June 29th. They issued an “outperform” rating and a $30.00 price target on the stock. Wall Street Zen upgraded shares of Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. UBS Group set a $24.00 price target on Applied Aerospace & Defense in a research report on Sunday, June 28th. Royal Bank Of Canada initiated coverage on Applied Aerospace & Defense in a research report on Monday, June 29th. They issued a “moderate buy” rating and a $24.00 price objective on the stock. Finally, Stifel Nicolaus began coverage on shares of Applied Aerospace & Defense in a research report on Monday, June 29th. They set a “buy” rating and a $24.00 target price for the company.

Applied Aerospace & Defense Stock Performance

Shares of Applied Aerospace & Defense stock opened at $14.42 on Tuesday. The stock’s fifty day simple moving average is $19.35. Applied Aerospace & Defense has a 12 month low of $14.22 and a 12 month high of $24.24.

Applied Aerospace & Defense (NYSE:AADX) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($1.04) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($1.05). The business had revenue of $167.32 million during the quarter. Research analysts anticipate that Applied Aerospace & Defense will post -0.61 EPS for the current year.

Insider Activity

In related news, CFO Jeffrey L. Mcrae bought 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was bought at an average cost of $20.00 per share, for a total transaction of $500,000.00. Following the completion of the transaction, the chief financial officer owned 25,000 shares of the company’s stock, valued at approximately $500,000. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan D. Lynch bought 8,000 shares of Applied Aerospace & Defense stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $160,000.00. Following the purchase, the director owned 8,000 shares of the company’s stock, valued at $160,000. The trade was a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 58,500 shares of company stock worth $1,170,000.

Hedge Funds Weigh In On Applied Aerospace & Defense

Hedge funds and other institutional investors have recently modified their holdings of the company. Readystate Asset Management LP purchased a new position in shares of Applied Aerospace & Defense during the 2nd quarter valued at about $752,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in Applied Aerospace & Defense in the second quarter worth approximately $3,044,000. Finally, Wellington Management Group LLP bought a new position in Applied Aerospace & Defense during the second quarter valued at approximately $8,373,000.

About Applied Aerospace & Defense

Applied Aerospace and Defense Inc specializes in providing advanced design, engineering and vertically integrated manufacturing solutions for next-generation space and defense technology companies. Its core service offerings include design and analysis, fabrication and assembly and inspection, qualification and testing. Applied Aerospace and Defense Inc is based in HUNTSVILLE, United States.