Applied Aerospace & Defense, Inc. (NYSE:AADX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Applied Aerospace & Defense, Inc. (NYSE:AADXGet Free Report) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $24.6250.

A number of research firms have recently commented on AADX. Bank of America dropped their price objective on Applied Aerospace & Defense from $24.00 to $23.00 and set a “buy” rating on the stock in a report on Friday. Morgan Stanley boosted their target price on Applied Aerospace & Defense from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday. Wall Street Zen raised Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Zacks Research upgraded shares of Applied Aerospace & Defense to a “hold” rating in a research note on Tuesday, June 30th. Finally, Robert W. Baird began coverage on shares of Applied Aerospace & Defense in a report on Monday, June 29th. They set an “outperform” rating and a $30.00 price objective on the stock.

Read Our Latest Stock Report on AADX

Insider Activity

In related news, Director James C. Katzman purchased 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were purchased at an average cost of $20.00 per share, for a total transaction of $500,000.00. Following the purchase, the director directly owned 29,250 shares of the company’s stock, valued at $585,000. The trade was a 588.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan D. Lynch purchased 8,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were bought 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 $160,000. This represents 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 purchased 58,500 shares of company stock worth $1,170,000.

Applied Aerospace & Defense Price Performance

Shares of AADX stock opened at $18.11 on Tuesday. The stock’s fifty day moving average price is $19.75. Applied Aerospace & Defense has a 12 month low of $16.57 and a 12 month high of $24.24.

Applied Aerospace & Defense (NYSE:AADXGet Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($1.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($1.05). The business had revenue of $167.32 million during the quarter. On average, sell-side analysts anticipate that Applied Aerospace & Defense will post -0.61 earnings per share for the current year.

Applied Aerospace & Defense Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Applied Aerospace & Defense (NYSE:AADX)

Receive News & Ratings for Applied Aerospace & Defense Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Aerospace & Defense and related companies with MarketBeat.com's FREE daily email newsletter.