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

Applied Aerospace & Defense, Inc. (NYSE:AADX) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $24.6250.

A number of brokerages have issued reports on AADX. Robert W. Baird started coverage on shares of Applied Aerospace & Defense in a research report on Monday, June 29th. They set an “outperform” rating and a $30.00 price objective on the stock. Weiss Ratings began coverage on shares of Applied Aerospace & Defense in a research report on Friday, August 28th. They issued a “sell (d)” rating for the company. Bank of America cut their target price on shares of Applied Aerospace & Defense from $24.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. UBS Group set a $24.00 price target on shares of Applied Aerospace & Defense in a research report on Sunday, June 28th. Finally, Wall Street Zen raised shares of Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th.

Applied Aerospace & Defense Stock Performance

Shares of AADX stock opened at $12.19 on Friday. Applied Aerospace & Defense has a fifty-two week low of $11.39 and a fifty-two week high of $24.24. The stock has a 50 day simple moving average of $17.21.

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 firm had revenue of $167.32 million during the quarter. Research analysts forecast that Applied Aerospace & Defense will post -0.61 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC bought a new position in shares of Applied Aerospace & Defense in the 2nd quarter worth approximately $1,232,000. Readystate Asset Management LP purchased a new position in shares of Applied Aerospace & Defense in the 2nd quarter valued at approximately $752,000. B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Applied Aerospace & Defense in the 2nd quarter valued at approximately $3,044,000. Finally, Wellington Management Group LLP bought a new stake in shares of Applied Aerospace & Defense during the second quarter valued at approximately $8,373,000.

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.