Applied Aerospace & Defense, Inc. (NYSE:AADX) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Applied Aerospace & Defense, Inc. (NYSE:AADX) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $24.6250.

AADX has been the topic of a number of recent analyst reports. Stifel Nicolaus initiated coverage on shares of Applied Aerospace & Defense in a report on Monday. They set a “buy” rating and a $24.00 price target on the stock. Wolfe Research initiated coverage on shares of Applied Aerospace & Defense in a research note on Monday. They set an “outperform” rating and a $23.00 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. Bank of America initiated coverage on Applied Aerospace & Defense in a research note on Monday. They issued a “buy” rating and a $24.00 price target for the company. Finally, Robert W. Baird assumed coverage on Applied Aerospace & Defense in a research report on Monday. They set an “outperform” rating and a $30.00 price target on the stock.

Insider Activity

In related news, Director James C. Katzman purchased 25,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were purchased at an average price of $20.00 per share, with a total value of $500,000.00. Following the purchase, the director 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeffrey L. Mcrae purchased 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was bought at an average cost of $20.00 per share, with a total value 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 position. The SEC filing for this purchase provides additional information. Insiders have acquired 58,500 shares of company stock worth $1,170,000 in the last quarter.

Applied Aerospace & Defense Stock Performance

Applied Aerospace & Defense stock traded down $0.38 during mid-day trading on Monday, hitting $20.15. The company had a trading volume of 317,391 shares, compared to its average volume of 1,764,257. Applied Aerospace & Defense has a 12-month low of $17.08 and a 12-month high of $23.00.