Applied Aerospace & Defense (NYSE:AADX) Stock Price Up 6.8% – Still a Buy?

Applied Aerospace & Defense, Inc. (NYSE:AADX) shares traded up 6.8% on Friday . The company traded as high as $12.49 and last traded at $12.33. 989,078 shares were traded during trading, a decline of 32% from the average session volume of 1,450,476 shares. The stock had previously closed at $11.54.

Analyst Upgrades and Downgrades

AADX has been the topic of several research analyst reports. Zacks Research upgraded Applied Aerospace & Defense to a “hold” rating in a research report on Tuesday, June 30th. Robert W. Baird started coverage on Applied Aerospace & Defense in a research note on Monday, June 29th. They set an “outperform” rating and a $30.00 target price on the stock. Wolfe Research started coverage on Applied Aerospace & Defense in a report on Monday, June 29th. They issued an “outperform” rating and a $23.00 price target on the stock. Weiss Ratings initiated coverage on shares of Applied Aerospace & Defense in a report on Friday, August 28th. They set a “sell (d)” rating for the company. Finally, Jefferies Financial Group upgraded shares of Applied Aerospace & Defense to a “strong-buy” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Applied Aerospace & Defense currently has an average rating of “Moderate Buy” and a consensus price target of $24.62.

Applied Aerospace & Defense Price Performance

The company has a 50-day moving average price of $17.42.

Applied Aerospace & Defense (NYSE:AADX) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($1.04) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($1.05). The business had revenue of $167.32 million during the quarter. On average, analysts expect that Applied Aerospace & Defense, Inc. will post -0.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Applied Aerospace & Defense

Large investors have recently bought and sold shares of the business. Readystate Asset Management LP purchased a new stake in Applied Aerospace & Defense during the second quarter valued at $752,000. Squarepoint Ops LLC purchased a new position in shares of Applied Aerospace & Defense in the 2nd quarter worth $1,232,000. B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Applied Aerospace & Defense in the 2nd quarter worth about $3,044,000. Finally, Wellington Management Group LLP bought a new stake in shares of Applied Aerospace & Defense in the 2nd quarter worth about $8,373,000.

Applied Aerospace & Defense Company Profile

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.