Applied Aerospace & Defense (NYSE:AADX) Stock Rating Upgraded by Jefferies Financial Group

Applied Aerospace & Defense (NYSE:AADX) was upgraded by analysts at Jefferies Financial Group to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

AADX has been the topic of several other research reports. Royal Bank Of Canada initiated coverage on shares of Applied Aerospace & Defense in a research note on Monday. They issued a “moderate buy” rating and a $24.00 target price on the stock. Wall Street Zen raised shares of Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a report on Saturday. Bank of America started coverage on shares of Applied Aerospace & Defense in a research report on Monday. They issued a “buy” rating and a $24.00 price target on the stock. Stifel Nicolaus started coverage on shares of Applied Aerospace & Defense in a research note on Monday. They set a “buy” rating and a $24.00 price objective on the stock. Finally, Wolfe Research began coverage on shares of Applied Aerospace & Defense in a report on Monday. They set an “outperform” rating and a $23.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Applied Aerospace & Defense presently has an average rating of “Buy” and a consensus price target of $24.62.

Applied Aerospace & Defense Price Performance

Shares of NYSE:AADX opened at $22.57 on Monday. Applied Aerospace & Defense has a fifty-two week low of $17.08 and a fifty-two week high of $23.00.

Insider Activity

In other Applied Aerospace & Defense news, Director James C. Katzman purchased 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was acquired at an average cost of $20.00 per share, with a total value of $500,000.00. Following the completion of the acquisition, the director directly owned 29,250 shares of the company’s stock, valued at $585,000. This represents a 588.24% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeffrey L. Mcrae purchased 25,000 shares of Applied Aerospace & Defense stock in a transaction that occurred on Thursday, June 4th. The shares were bought at an average price of $20.00 per share, for a total transaction of $500,000.00. Following the transaction, 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 acquired 58,500 shares of company stock worth $1,170,000.