Applied Aerospace & Defense (NYSE:AADX) Now Covered by Analysts at Wolfe Research

Research analysts at Wolfe Research started coverage on shares of Applied Aerospace & Defense (NYSE:AADX) in a research note issued to investors on Monday. The brokerage set an “outperform” rating and a $23.00 price target on the stock. Wolfe Research’s price objective indicates a potential upside of 11.65% from the company’s current price.

A number of other equities analysts have also commented on the stock. Bank of America initiated coverage on shares of Applied Aerospace & Defense in a research report on Monday. They set a “buy” rating and a $24.00 price target on the stock. Royal Bank Of Canada started coverage on shares of Applied Aerospace & Defense in a report on Sunday. They issued an “outperform” rating for the company. Robert W. Baird assumed coverage on shares of Applied Aerospace & Defense in a research report on Monday. They set an “outperform” rating and a $30.00 target price on the stock. Stifel Nicolaus set a $24.00 target price on Applied Aerospace & Defense in a report on Monday. Finally, Morgan Stanley set a $23.00 price target on Applied Aerospace & Defense in a research report on Monday. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $24.71.

Applied Aerospace & Defense Stock Performance

Applied Aerospace & Defense stock opened at $20.60 on Monday. Applied Aerospace & Defense has a 12 month low of $17.08 and a 12 month high of $23.00.

Insider Transactions at Applied Aerospace & Defense

In other news, Director Susan D. Lynch purchased 8,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was bought at an average cost 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeffrey L. Mcrae acquired 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were purchased at an average cost of $20.00 per share, for a total transaction of $500,000.00. Following the acquisition, the chief financial officer owned 25,000 shares in the company, valued at $500,000. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders purchased 58,500 shares of company stock worth $1,170,000.