Applied Aerospace & Defense (NYSE:AADX – Get Free Report) was upgraded by research analysts at Zacks Research to a “hold” rating in a report released on Tuesday,Zacks.com reports.
A number of other brokerages have also weighed in on AADX. UBS Group set a $24.00 price target on shares of Applied Aerospace & Defense in a research note on Sunday. Wall Street Zen raised Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Royal Bank Of Canada assumed coverage on Applied Aerospace & Defense in a research report on Monday. They issued a “moderate buy” rating and a $24.00 target price on the stock. Stifel Nicolaus assumed coverage on Applied Aerospace & Defense in a research note on Monday. They issued a “buy” rating and a $24.00 price target on the stock. Finally, Jefferies Financial Group upgraded Applied Aerospace & Defense to a “strong-buy” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.62.
Check Out Our Latest Research Report on AADX
Applied Aerospace & Defense Price Performance
Insider Buying and Selling
In other Applied Aerospace & Defense news, Director James C. Katzman acquired 25,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was bought at an average price of $20.00 per share, with a total value of $500,000.00. Following the purchase, the director owned 29,250 shares in the company, valued at approximately $585,000. The trade was a 588.24% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan D. Lynch acquired 8,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was acquired at an average price of $20.00 per share, with a total value of $160,000.00. Following the acquisition, the director owned 8,000 shares in the company, valued at $160,000. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 58,500 shares of company stock worth $1,170,000.
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