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

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

A number of analysts recently weighed in on AADX shares. Stifel Nicolaus began 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 target for the company. Morgan Stanley upped their target price on shares of Applied Aerospace & Defense from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Thursday. Zacks Research upgraded shares of Applied Aerospace & Defense to a “hold” rating in a research note on Tuesday, June 30th. Wolfe Research began coverage on Applied Aerospace & Defense in a report on Monday, June 29th. They set an “outperform” rating and a $23.00 price target on the stock. Finally, Royal Bank Of Canada assumed coverage on Applied Aerospace & Defense in a research report on Monday, June 29th. They issued a “moderate buy” rating and a $24.00 price target on the stock.

Applied Aerospace & Defense Price Performance

AADX stock opened at $18.11 on Tuesday. Applied Aerospace & Defense has a twelve month low of $16.57 and a twelve month high of $24.24. The company has a 50 day moving average price of $19.75.

Applied Aerospace & Defense (NYSE:AADX) last announced its earnings results on Wednesday, August 12th. The company reported ($1.04) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($1.05). The firm had revenue of $167.32 million for the quarter. On average, sell-side analysts predict that Applied Aerospace & Defense will post -0.61 EPS for the current year.

Insider Buying and Selling at Applied Aerospace & Defense

In related news, Director Susan D. Lynch bought 8,000 shares of the stock in a transaction on Thursday, June 4th. The shares were bought at an average cost of $20.00 per share, for a total transaction of $160,000.00. Following the purchase, the director owned 8,000 shares of the company’s stock, valued at $160,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James C. Katzman bought 25,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was bought at an average cost of $20.00 per share, for a total transaction of $500,000.00. Following the acquisition, the director owned 29,250 shares of the company’s stock, valued at approximately $585,000. This trade represents a 588.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 58,500 shares of company stock worth $1,170,000.

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.