Wellington Management Group LLP Acquires Shares of 367,577 Applied Aerospace & Defense, Inc. $AADX

Wellington Management Group LLP bought a new stake in shares of Applied Aerospace & Defense, Inc. (NYSE:AADX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 367,577 shares of the company’s stock, valued at approximately $8,373,000. Wellington Management Group LLP owned about 0.22% of Applied Aerospace & Defense as of its most recent SEC filing.

Applied Aerospace & Defense Stock Down 3.6%

AADX opened at $12.46 on Wednesday. Applied Aerospace & Defense, Inc. has a 12 month low of $11.77 and a 12 month high of $24.24. The business has a 50 day simple moving average of $17.90.

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

Wall Street Analyst Weigh In

AADX has been the subject of several research reports. Bank of America reduced their price objective on Applied Aerospace & Defense from $24.00 to $23.00 and set a “buy” rating for the company in a report on Friday, August 14th. Royal Bank Of Canada started coverage on Applied Aerospace & Defense in a research report on Monday, June 29th. They set a “moderate buy” rating and a $24.00 price target on the stock. UBS Group set a $24.00 price target on Applied Aerospace & Defense in a research note on Sunday, June 28th. Wall Street Zen raised Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Finally, Zacks Research upgraded Applied Aerospace & Defense to a “hold” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.62.

Applied Aerospace & Defense 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.