Applied Aerospace & Defense (NYSE:AADX) Reaches New 52-Week Low – Should You Sell?

Applied Aerospace & Defense, Inc. (NYSE:AADXGet Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as $14.02 and last traded at $14.44, with a volume of 1460350 shares. The stock had previously closed at $14.49.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AADX shares. Stifel Nicolaus initiated coverage on shares of Applied Aerospace & Defense in a research note on Monday, June 29th. They set a “buy” rating and a $24.00 price objective on the stock. Jefferies Financial Group raised shares of Applied Aerospace & Defense to a “strong-buy” rating in a research note on Monday, June 29th. Zacks Research upgraded Applied Aerospace & Defense to a “hold” rating in a report on Tuesday, June 30th. Robert W. Baird assumed coverage on Applied Aerospace & Defense in a research note on Monday, June 29th. They set an “outperform” rating and a $30.00 price target on the stock. Finally, Morgan Stanley raised their price objective on Applied Aerospace & Defense from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.62.

Read Our Latest Stock Report on AADX

Applied Aerospace & Defense Stock Performance

The company’s 50 day simple moving average is $18.98.

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

Insider Transactions at Applied Aerospace & Defense

In other news, Director Susan D. Lynch acquired 8,000 shares of Applied Aerospace & Defense stock in a transaction dated Thursday, June 4th. The shares were acquired at an average cost 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. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffrey L. Mcrae bought 25,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were purchased at an average price of $20.00 per share, with a total value of $500,000.00. Following the acquisition, the chief financial officer directly owned 25,000 shares in the company, valued at approximately $500,000. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 58,500 shares of company stock worth $1,170,000 in the last three months.

Institutional Investors Weigh In On Applied Aerospace & Defense

Large investors have recently made changes to their positions in the business. Wellington Management Group LLP purchased a new position in shares of Applied Aerospace & Defense in the 2nd quarter valued at $8,373,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in Applied Aerospace & Defense during the 2nd quarter worth $3,044,000. Finally, Readystate Asset Management LP purchased a new stake in Applied Aerospace & Defense during the 2nd quarter worth $752,000.

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.

Further Reading

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