Applied Aerospace & Defense, Inc. (NYSE:AADX – Get Free Report)’s share price was down 5.9% during trading on Monday. The company traded as low as $11.88 and last traded at $11.89. 268,913 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,595,812 shares. The stock had previously closed at $12.63.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on AADX. Royal Bank Of Canada started coverage on Applied Aerospace & Defense in a research note on Monday, June 29th. They set a “moderate buy” rating and a $24.00 price target for the company. Jefferies Financial Group set a $20.00 price target on shares of Applied Aerospace & Defense in a research report on Monday. 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. Wall Street Zen raised Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Zacks Research upgraded shares of Applied Aerospace & Defense to a “hold” rating in a research report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.67.
Check Out Our Latest Research Report on Applied Aerospace & Defense
Applied Aerospace & Defense Stock Performance
Applied Aerospace & Defense (NYSE:AADX – Get Free Report) last posted its quarterly earnings data 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 for the quarter. As a group, equities research analysts predict that Applied Aerospace & Defense, Inc. will post -0.61 EPS for the current year.
Institutional Inflows and Outflows
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 second quarter worth about $8,373,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in Applied Aerospace & Defense during the 2nd quarter valued at $3,044,000. Squarepoint Ops LLC bought a new stake in Applied Aerospace & Defense in the 2nd quarter worth $1,232,000. Finally, Readystate Asset Management LP bought a new stake in Applied Aerospace & Defense in the 2nd quarter worth $752,000.
Applied Aerospace & Defense Company Profile
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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