RADA Electronic Industries Ltd. (NASDAQ:RADA) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its stake in shares of RADA Electronic Industries Ltd. (NASDAQ:RADA) by 5.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,650 shares of the aerospace company’s stock after purchasing an additional 4,325 shares during the quarter. Commonwealth Equity Services LLC’s holdings in RADA Electronic Industries were worth $994,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp acquired a new position in RADA Electronic Industries during the 1st quarter valued at approximately $114,000. Russell Investments Group Ltd. acquired a new position in RADA Electronic Industries during the 1st quarter valued at approximately $626,000. ARK Investment Management LLC boosted its position in RADA Electronic Industries by 131.3% during the 1st quarter. ARK Investment Management LLC now owns 579,065 shares of the aerospace company’s stock valued at $6,955,000 after purchasing an additional 328,753 shares during the period. Royal Bank of Canada boosted its position in RADA Electronic Industries by 1,154.0% during the 1st quarter. Royal Bank of Canada now owns 59,565 shares of the aerospace company’s stock valued at $715,000 after purchasing an additional 54,815 shares during the period. Finally, Redwood Investments LLC acquired a new position in RADA Electronic Industries during the 1st quarter valued at approximately $8,847,000. Institutional investors and hedge funds own 49.09% of the company’s stock.

Shares of RADA stock opened at $10.26 on Thursday. RADA Electronic Industries Ltd. has a 1 year low of $6.01 and a 1 year high of $14.80. The stock has a fifty day moving average of $10.95 and a two-hundred day moving average of $11.82. The firm has a market capitalization of $505.37 million, a PE ratio of 26.31 and a beta of 1.01.

RADA Electronic Industries (NASDAQ:RADA) last announced its quarterly earnings results on Sunday, August 1st. The aerospace company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.11. RADA Electronic Industries had a return on equity of 18.22% and a net margin of 19.54%. The company had revenue of $28.26 million during the quarter, compared to analyst estimates of $28.24 million. As a group, analysts predict that RADA Electronic Industries Ltd. will post 0.53 EPS for the current year.

A number of brokerages have issued reports on RADA. Zacks Investment Research lowered RADA Electronic Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, August 10th. Canaccord Genuity reiterated a “buy” rating and set a $16.00 price target on shares of RADA Electronic Industries in a research report on Thursday, July 8th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $16.20.

RADA Electronic Industries Company Profile

Rada Electronic Industries Ltd. Operates as a defense technology company. It develops, manufactures and sells defense electronics, including avionics solutions (including avionics for unmanned aerial vehicles and airborne inertial navigation systems), airborne data/video recording and management systems and tactical land-based radars for defense forces and for border protection systems.

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Institutional Ownership by Quarter for RADA Electronic Industries (NASDAQ:RADA)

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