Applied Aerospace & Defense (NYSE:AADX) Stock Rating Upgraded by Guggenheim

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

AADX has been the topic of a number of other reports. Royal Bank Of Canada initiated coverage on shares of Applied Aerospace & Defense in a research note on Monday, June 29th. They issued a “moderate buy” rating and a $24.00 target price on the stock. Wall Street Zen upgraded Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Jefferies Financial Group raised Applied Aerospace & Defense to a “strong-buy” rating in a report on Monday, June 29th. Weiss Ratings initiated coverage on Applied Aerospace & Defense in a research report on Friday, August 28th. They set a “sell (d)” rating on the stock. Finally, Robert W. Baird assumed coverage on Applied Aerospace & Defense in a research note on Monday, June 29th. They set an “outperform” rating and a $30.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.22.

Applied Aerospace & Defense Stock Up 3.4%

Shares of NYSE AADX opened at $12.63 on Monday. The firm has a 50-day simple moving average of $16.59. Applied Aerospace & Defense has a 52 week low of $11.39 and a 52 week high of $24.24.

Applied Aerospace & Defense (NYSE:AADX) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($1.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($1.05). The company had revenue of $167.32 million for the quarter. As a group, equities research analysts predict that Applied Aerospace & Defense will post -0.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired a new stake in Applied Aerospace & Defense during the second quarter worth $8,373,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in Applied Aerospace & Defense in the second quarter valued at $3,044,000. Squarepoint Ops LLC acquired a new position in shares of Applied Aerospace & Defense in the 2nd quarter valued at $1,232,000. Finally, Readystate Asset Management LP acquired a new position in shares of Applied Aerospace & Defense in the 2nd quarter valued at $752,000.

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.