Wolfe Research Initiates Coverage on Applied Aerospace & Defense (NYSE:AADX)

Wolfe Research started coverage on shares of Applied Aerospace & Defense (NYSE:AADX) in a research note issued to investors on Monday. The firm set an “outperform” rating and a $23.00 price target on the stock. Wolfe Research’s price target suggests a potential upside of 11.65% from the stock’s previous close.

A number of other equities research analysts have also commented on AADX. Morgan Stanley set a $23.00 price target on Applied Aerospace & Defense in a research report on Monday. Wall Street Zen raised shares of Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a research report on Saturday. UBS Group set a $24.00 price objective on shares of Applied Aerospace & Defense in a research note on Sunday. Stifel Nicolaus set a $24.00 price objective on shares of Applied Aerospace & Defense in a research report on Monday. Finally, Royal Bank Of Canada began coverage on shares of Applied Aerospace & Defense in a report on Sunday. They issued an “outperform” rating on the stock. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $24.71.

Applied Aerospace & Defense Stock Up 0.3%

NYSE AADX opened at $20.60 on Monday. Applied Aerospace & Defense has a twelve month low of $17.08 and a twelve month high of $23.00.

Insiders Place Their Bets

In other Applied Aerospace & Defense news, Director Susan D. Lynch purchased 8,000 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were purchased at an average cost of $20.00 per share, with a total value of $160,000.00. Following the completion of the purchase, the director owned 8,000 shares in the company, valued at $160,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey L. Mcrae purchased 25,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were acquired at an average price of $20.00 per share, for a total transaction of $500,000.00. Following the completion of the acquisition, the chief financial officer directly owned 25,000 shares in the company, valued at approximately $500,000. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 58,500 shares of company stock worth $1,170,000.