Applied Aerospace & Defense, Inc. (NYSE:AADX) Given Consensus Rating of “Moderate Buy” by Analysts

Applied Aerospace & Defense, Inc. (NYSE:AADX) has earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $24.6250.

Several research firms recently issued reports on AADX. Bank of America initiated coverage on Applied Aerospace & Defense in a research report on Monday. They issued a “buy” rating and a $24.00 target price on the stock. Wolfe Research initiated coverage on Applied Aerospace & Defense in a report on Monday. They issued an “outperform” rating and a $23.00 price objective on the stock. Stifel Nicolaus began coverage on Applied Aerospace & Defense in a research note on Monday. They issued a “buy” rating and a $24.00 price objective for the company. Morgan Stanley initiated coverage on Applied Aerospace & Defense in a research report on Monday. They issued an “equal weight” rating and a $23.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a report on Saturday.

Applied Aerospace & Defense Stock Down 1.9%

Shares of NYSE AADX traded down $0.38 during midday trading on Monday, reaching $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 1 year low of $17.08 and a 1 year high of $23.00.

Insider Activity

In other Applied Aerospace & Defense news, Director Susan D. Lynch acquired 8,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were purchased at an average price of $20.00 per share, for a total transaction of $160,000.00. Following the completion of the purchase, the director directly owned 8,000 shares of the company’s stock, valued at $160,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeffrey L. Mcrae bought 25,000 shares of Applied Aerospace & Defense stock in a transaction that occurred on Thursday, June 4th. The shares were acquired 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 of the company’s stock, valued at $500,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 58,500 shares of company stock valued at $1,170,000 in the last ninety days.