Applied Aerospace & Defense (NYSE:AADX) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Applied Aerospace & Defense (NYSE:AADX) to a hold rating in a research note published on Tuesday,Zacks.com reports.

Several other brokerages have also weighed in on AADX. Jefferies Financial Group raised shares of Applied Aerospace & Defense to a “strong-buy” rating in a report on Monday. Wolfe Research began coverage on shares of Applied Aerospace & Defense in a research note on Monday. They issued an “outperform” rating and a $23.00 target price on the stock. UBS Group set a $24.00 price target on shares of Applied Aerospace & Defense in a research report on Sunday. Morgan Stanley began coverage on Applied Aerospace & Defense in a report on Monday. They issued an “equal weight” rating and a $23.00 price objective for the company. Finally, Wall Street Zen upgraded Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $24.62.

Applied Aerospace & Defense Trading Up 6.0%

Applied Aerospace & Defense stock opened at $24.14 on Tuesday. Applied Aerospace & Defense has a 52 week low of $17.08 and a 52 week high of $24.24.

Insider Activity at Applied Aerospace & Defense

In other Applied Aerospace & Defense news, CFO Jeffrey L. Mcrae acquired 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, for a total transaction of $500,000.00. Following the completion of the purchase, the chief financial officer directly owned 25,000 shares in the company, valued at $500,000. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James C. Katzman bought 25,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was acquired at an average cost of $20.00 per share, for a total transaction of $500,000.00. Following the acquisition, the director directly 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 disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 58,500 shares of company stock valued at $1,170,000 in the last quarter.