367,577 Shares in Applied Aerospace & Defense, Inc. $AADX Bought by Wellington Management Group LLP

Wellington Management Group LLP bought a new position in shares of Applied Aerospace & Defense, Inc. (NYSE:AADX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 367,577 shares of the company’s stock, valued at approximately $8,373,000.

Analyst Upgrades and Downgrades

AADX has been the subject of a number of research analyst reports. UBS Group set a $24.00 price target on Applied Aerospace & Defense in a research report on Sunday, June 28th. Jefferies Financial Group upgraded shares of Applied Aerospace & Defense to a “strong-buy” rating in a research report on Monday, June 29th. Bank of America dropped their target price on shares of Applied Aerospace & Defense from $24.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Robert W. Baird assumed coverage on shares of Applied Aerospace & Defense in a research note on Monday, June 29th. They issued an “outperform” rating and a $30.00 price target for the company. Finally, Stifel Nicolaus initiated coverage on shares of Applied Aerospace & Defense in a report on Monday, June 29th. They issued a “buy” rating and a $24.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.62.

Applied Aerospace & Defense Price Performance

AADX opened at $12.46 on Wednesday. The business has a 50-day moving average price of $17.90. Applied Aerospace & Defense, Inc. has a 12-month low of $11.77 and a 12-month high of $24.24.

Applied Aerospace & Defense (NYSE:AADX) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($1.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($1.05). The company had revenue of $167.32 million during the quarter. As a group, equities research analysts expect that Applied Aerospace & Defense, Inc. will post -0.61 EPS for the current year.

About Applied Aerospace & Defense

Applied Aerospace and Defense Inc specializes in providing advanced design, engineering and vertically integrated manufacturing solutions for next-generation space and defense technology companies. Its core service offerings include design and analysis, fabrication and assembly and inspection, qualification and testing. Applied Aerospace and Defense Inc is based in HUNTSVILLE, United States.