Robert W. Baird Upgrades Applied Aerospace & Defense (NYSE:AADX) to Strong-Buy

Applied Aerospace & Defense (NYSE:AADX) was upgraded by equities research analysts at Robert W. Baird to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research analysts also recently commented on AADX. UBS Group set a $24.00 target price on Applied Aerospace & Defense in a report on Sunday. Wall Street Zen raised shares of Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a research report on Saturday. Jefferies Financial Group began coverage on shares of Applied Aerospace & Defense in a research note on Sunday. They set a “buy” rating and a $25.00 price objective on the stock. Royal Bank Of Canada began coverage on Applied Aerospace & Defense in a research report on Sunday. They set an “outperform” rating and a $24.00 price target on the stock. Finally, Bank of America assumed coverage on Applied Aerospace & Defense in a research note on Monday. They issued a “buy” rating and a $24.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $24.62.

Applied Aerospace & Defense Stock Up 0.8%

NYSE AADX opened at $20.69 on Monday. Applied Aerospace & Defense has a 12 month low of $17.08 and a 12 month high of $23.00.

Insider Buying and Selling at Applied Aerospace & Defense

In other Applied Aerospace & Defense news, Director Susan D. Lynch bought 8,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were purchased at an average price of $20.00 per share, with a total value of $160,000.00. Following the purchase, the director directly owned 8,000 shares of the company’s stock, valued at approximately $160,000. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jeffrey L. Mcrae purchased 25,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was acquired at an average cost of $20.00 per share, with a total value of $500,000.00. Following the purchase, the chief financial officer owned 25,000 shares of the company’s stock, valued at approximately $500,000. This represents a ? increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 58,500 shares of company stock valued at $1,170,000 in the last quarter.