Applied Aerospace & Defense (NYSE:AADX) Raised to “Strong-Buy” at Guggenheim

Applied Aerospace & Defense (NYSE:AADX) was upgraded by research analysts at Guggenheim to a “strong-buy” rating in a report released on Monday, Zacks reports.

Other equities analysts have also recently issued reports about the company. Wolfe Research initiated coverage on Applied Aerospace & Defense in a research note on Monday, June 29th. They set an “outperform” rating and a $23.00 target price on the stock. Wall Street Zen raised Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Royal Bank Of Canada started coverage on shares of Applied Aerospace & Defense in a report on Monday, June 29th. They issued a “moderate buy” rating and a $24.00 price target on the stock. Morgan Stanley boosted their price objective on shares of Applied Aerospace & Defense from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Finally, Zacks Research upgraded shares of Applied Aerospace & Defense to a “hold” rating in a report on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Applied Aerospace & Defense currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.22.

Applied Aerospace & Defense Trading Up 3.4%

NYSE AADX opened at $12.63 on Monday. Applied Aerospace & Defense has a 1 year low of $11.39 and a 1 year high of $24.24. The business has a 50-day simple moving average of $16.59.

Applied Aerospace & Defense (NYSE:AADX) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($1.04) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($1.05). The business had revenue of $167.32 million during the quarter. As a group, analysts anticipate that Applied Aerospace & Defense will post -0.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP purchased a new position in shares of Applied Aerospace & Defense in the 2nd quarter valued at approximately $8,373,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in Applied Aerospace & Defense in the second quarter worth $3,044,000. Squarepoint Ops LLC purchased a new stake in Applied Aerospace & Defense in the second quarter worth $1,232,000. Finally, Readystate Asset Management LP bought a new position in Applied Aerospace & Defense in the second quarter worth $752,000.

Applied Aerospace & Defense Company Profile

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.