Applied Aerospace & Defense (NYSE:AADX) Upgraded at Zacks Research

Applied Aerospace & Defense (NYSE:AADX) was upgraded by stock analysts at Zacks Research to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also issued reports about the company. UBS Group set a $24.00 target price on Applied Aerospace & Defense in a research report on Sunday. Royal Bank Of Canada assumed coverage on Applied Aerospace & Defense in a report on Monday. They set a “moderate buy” rating and a $24.00 price objective for the company. Stifel Nicolaus started coverage on Applied Aerospace & Defense in a report on Monday. They issued a “buy” rating and a $24.00 target price on the stock. Morgan Stanley assumed coverage on shares of Applied Aerospace & Defense in a research note on Monday. They set an “equal weight” rating and a $23.00 price target for the company. Finally, Robert W. Baird initiated coverage on shares of Applied Aerospace & Defense in a research note on Monday. They issued an “outperform” rating and a $30.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Applied Aerospace & Defense currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.62.

Applied Aerospace & Defense Trading Up 6.0%

Shares of NYSE AADX opened at $24.14 on Tuesday. Applied Aerospace & Defense has a 12-month low of $17.08 and a 12-month high of $24.24.

Insider Buying and Selling

In other news, Director James C. Katzman acquired 25,000 shares of the business’s 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 acquisition, the director directly owned 29,250 shares of the company’s stock, valued at $585,000. The trade was a 588.24% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan D. Lynch purchased 8,000 shares of the business’s stock in a transaction that occurred 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 completion of the acquisition, the director owned 8,000 shares of the company’s stock, valued at $160,000. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders purchased 58,500 shares of company stock worth $1,170,000.