Applied Aerospace & Defense (NYSE:AADX – Get Free Report) had its price target reduced by research analysts at Bank of America from $24.00 to $23.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price objective indicates a potential upside of 25.48% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. UBS Group set a $24.00 price objective on shares of Applied Aerospace & Defense in a research report on Sunday, June 28th. Wall Street Zen upgraded Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Jefferies Financial Group upgraded Applied Aerospace & Defense to a “strong-buy” rating in a report on Monday, June 29th. Wolfe Research assumed coverage on Applied Aerospace & Defense in a research report on Monday, June 29th. They set an “outperform” rating and a $23.00 price objective for the company. Finally, Robert W. Baird began coverage on Applied Aerospace & Defense in a report on Monday, June 29th. They set an “outperform” rating and a $30.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.62.
Read Our Latest Stock Report on AADX
Applied Aerospace & Defense Stock Performance
Insider Buying and Selling
In other Applied Aerospace & Defense news, Director James C. Katzman bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was acquired at an average price of $20.00 per share, with a total value of $500,000.00. Following the completion of the transaction, the director owned 29,250 shares in the company, valued at approximately $585,000. This trade represents a 588.24% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan D. Lynch purchased 8,000 shares of the stock in a transaction on Thursday, June 4th. The stock was acquired at an average price of $20.00 per share, for a total transaction of $160,000.00. Following the completion of the purchase, the director directly owned 8,000 shares in the company, valued at approximately $160,000. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 58,500 shares of company stock worth $1,170,000.
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.
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