Applied Aerospace & Defense (NYSE:AADX) Stock Gets Price Target Reduction from Royal Bank Of Canada

Applied Aerospace & Defense (NYSE:AADX) had its price objective cut by Royal Bank Of Canada from $18.00 to $15.00 in a research report released on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

AADX has been the topic of a number of other reports. Morgan Stanley raised their price objective on shares of Applied Aerospace & Defense from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Thursday. Jefferies Financial Group set a $20.00 target price on shares of Applied Aerospace & Defense in a research note on Monday, October 5th. Stifel Nicolaus lowered their target price on Applied Aerospace & Defense from $24.00 to $18.00 and set a “buy” rating for the company in a report on Thursday. Weiss Ratings began coverage on Applied Aerospace & Defense in a research note on Friday, August 28th. They issued a “sell (d)” rating on the stock. Finally, Guggenheim began coverage on Applied Aerospace & Defense in a research note on Monday, September 14th. They issued a “buy” rating and a $30.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Applied Aerospace & Defense has a consensus rating of “Moderate Buy” and an average target price of $20.56.

Applied Aerospace & Defense Stock Performance

NYSE AADX traded down $0.30 during trading hours on Thursday, reaching $8.37. 1,758,001 shares of the company’s stock were exchanged, compared to its average volume of 2,377,180. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.51 and a quick ratio of 2.08. The firm has a market capitalization of $1.44 billion and a P/E ratio of -33.48. The business’s 50-day moving average price is $11.28. Applied Aerospace & Defense has a one year low of $8.27 and a one year high of $24.24.

Applied Aerospace & Defense (NYSE:AADX) last announced its quarterly earnings results on Thursday, November 12th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.09. The company had revenue of $182.06 million during the quarter. Research analysts predict that Applied Aerospace & Defense will post -0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Applied Aerospace & Defense

Several hedge funds have recently made changes to their positions in the business. Voya Investment Management LLC acquired a new stake in shares of Applied Aerospace & Defense in the third quarter valued at approximately $21,368,000. State Street Corp acquired a new position in Applied Aerospace & Defense during the third quarter worth $7,172,000. First Eagle Investment Management LLC boosted its holdings in Applied Aerospace & Defense by 224.4% during the third quarter. First Eagle Investment Management LLC now owns 811,000 shares of the company’s stock worth $9,756,000 after purchasing an additional 561,000 shares during the last quarter. Wellington Management Group LLP acquired a new position in Applied Aerospace & Defense during the second quarter worth $8,373,000. Finally, Roubaix Capital LLC grew its position in Applied Aerospace & Defense by 98.3% in the third quarter. Roubaix Capital LLC now owns 508,131 shares of the company’s stock valued at $6,113,000 after purchasing an additional 251,891 shares in the last quarter.

Applied Aerospace & Defense News Summary

These are some of the AADX news items that stood out recently:

• Positive Sentiment: AADX reported third-quarter EPS of $0.18, double the $0.09 consensus estimate, and the quarter was described as delivering record revenue. Applied Aerospace & Defense Q3 2026: Record Revenue, Guidance Disappoints
• Positive Sentiment: Guggenheim cut its target to $15 from $30 but kept a Buy rating; Stifel also maintained Buy with an $18 target. These ratings signal continued analyst optimism even as targets were reset. Guggenheim stock recommendations Stifel Nicolaus stock recommendations
• Neutral Sentiment: Morgan Stanley raised its target to $17 from $16 but kept an Equal Weight rating, reflecting a more cautious view relative to the Buy-rated analysts. Morgan Stanley stock recommendations

About Applied Aerospace & Defense

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.