Applied Aerospace & Defense (NYSE:AADX) Upgraded by Jefferies Financial Group to Strong-Buy Rating

Applied Aerospace & Defense (NYSE:AADX) was upgraded by stock analysts at Jefferies Financial Group to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Wolfe Research assumed coverage on Applied Aerospace & Defense in a research report on Monday. They issued an “outperform” rating and a $23.00 price objective for the company. Wall Street Zen raised shares of Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a research note on Saturday. Stifel Nicolaus initiated coverage on shares of Applied Aerospace & Defense in a report on Monday. They issued a “buy” rating and a $24.00 price target for the company. Robert W. Baird initiated coverage on shares of Applied Aerospace & Defense in a research report on Monday. They set an “outperform” rating and a $30.00 price objective for the company. Finally, Morgan Stanley initiated coverage on shares of Applied Aerospace & Defense in a report on Monday. They set an “equal weight” rating and a $23.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $24.62.

Applied Aerospace & Defense Stock Performance

Shares of Applied Aerospace & Defense stock opened at $22.57 on Monday. Applied Aerospace & Defense has a 1 year low of $17.08 and a 1 year high of $23.00.

Insider Activity at Applied Aerospace & Defense

In other news, Director Susan D. Lynch bought 8,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were purchased at an average price 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 approximately $160,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James C. Katzman purchased 25,000 shares of Applied Aerospace & Defense stock in a transaction on Thursday, June 4th. The shares were purchased at an average cost of $20.00 per share, with a total value of $500,000.00. Following the transaction, the director owned 29,250 shares in the company, valued at approximately $585,000. The trade was a 588.24% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have bought 58,500 shares of company stock valued at $1,170,000.