Applied Aerospace & Defense, Inc. (NYSE:AADX) Given Average Recommendation of “Moderate Buy” by Brokerages

Applied Aerospace & Defense, Inc. (NYSE:AADX) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $24.6250.

AADX has been the subject of a number of recent research reports. Jefferies Financial Group upgraded Applied Aerospace & Defense to a “strong-buy” rating in a report on Monday, June 29th. UBS Group set a $24.00 price target on Applied Aerospace & Defense in a report on Sunday, June 28th. Bank of America started coverage on Applied Aerospace & Defense in a research report on Monday, June 29th. They issued a “buy” rating and a $24.00 price target on the stock. Wall Street Zen upgraded Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Wolfe Research assumed coverage on Applied Aerospace & Defense in a research report on Monday, June 29th. They set an “outperform” rating and a $23.00 price objective for the company.

Applied Aerospace & Defense Trading Up 10.4%

NYSE:AADX opened at $19.09 on Friday. Applied Aerospace & Defense has a 52 week low of $16.57 and a 52 week high of $24.24.

Insider Buying and Selling

In other news, Director Susan D. Lynch acquired 8,000 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were bought at an average cost of $20.00 per share, with a total value of $160,000.00. Following the transaction, the director owned 8,000 shares in the company, valued at approximately $160,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Katzman acquired 25,000 shares of Applied Aerospace & Defense stock in a transaction dated Thursday, June 4th. The stock was purchased at an average price of $20.00 per share, for a total transaction of $500,000.00. Following the completion of the acquisition, the director directly owned 29,250 shares in the company, valued at approximately $585,000. This represents a 588.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 58,500 shares of company stock worth $1,170,000 over the last 90 days.