Applied Aerospace & Defense (NYSE:AADX) Shares Up 6.8% – Still a Buy?

Applied Aerospace & Defense, Inc. (NYSE:AADXGet Free Report) was up 6.8% during mid-day trading on Friday . The stock traded as high as $12.49 and last traded at $12.33. 989,078 shares traded hands during trading, a decline of 32% from the average session volume of 1,450,476 shares. The stock had previously closed at $11.54.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AADX shares. Jefferies Financial Group upgraded Applied Aerospace & Defense to a “strong-buy” rating in a research note on Monday, June 29th. Zacks Research upgraded shares of Applied Aerospace & Defense to a “hold” rating in a research note on Tuesday, June 30th. Robert W. Baird initiated coverage on shares of Applied Aerospace & Defense in a report on Monday, June 29th. They set an “outperform” rating and a $30.00 target price on the stock. Morgan Stanley raised their price target on shares of Applied Aerospace & Defense from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen raised shares of Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.62.

Read Our Latest Stock Analysis on AADX

Applied Aerospace & Defense Stock Up 5.6%

The company has a fifty day moving average of $17.21.

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

Institutional Trading of Applied Aerospace & Defense

Large investors have recently modified their holdings of the company. Readystate Asset Management LP bought a new stake in Applied Aerospace & Defense in the 2nd quarter valued at about $752,000. Squarepoint Ops LLC bought a new position in Applied Aerospace & Defense in the 2nd quarter worth about $1,232,000. B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Applied Aerospace & Defense in the second quarter valued at approximately $3,044,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Applied Aerospace & Defense in the second quarter valued at approximately $8,373,000.

About Applied Aerospace & Defense

(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.

Recommended Stories

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.