Applied Aerospace & Defense (NYSE:AADX) Rating Increased to Strong-Buy at Robert W. Baird

Robert W. Baird upgraded shares of Applied Aerospace & Defense (NYSE:AADX) to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

Several other equities analysts have also recently issued reports on the company. Stifel Nicolaus assumed coverage on Applied Aerospace & Defense in a research report on Monday. They issued a “buy” rating and a $24.00 price objective on the stock. Jefferies Financial Group initiated coverage on Applied Aerospace & Defense in a report on Sunday. They issued a “buy” rating and a $25.00 target price for the company. Royal Bank Of Canada assumed coverage on Applied Aerospace & Defense in a research note on Sunday. They issued an “outperform” rating and a $24.00 price target for the company. UBS Group set a $24.00 price target on Applied Aerospace & Defense in a report on Sunday. Finally, Bank of America assumed coverage on Applied Aerospace & Defense in a research report on Monday. They set a “buy” rating and a $24.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $24.62.

Applied Aerospace & Defense Trading Up 0.8%

Shares of AADX opened at $20.69 on Monday. Applied Aerospace & Defense has a twelve month low of $17.08 and a twelve month high of $23.00.

Insider Buying and Selling

In related news, Director James C. Katzman bought 25,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was acquired at an average price of $20.00 per share, with a total value of $500,000.00. Following the transaction, the director owned 29,250 shares in the company, valued at approximately $585,000. This trade represents a 588.24% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jeffrey L. Mcrae bought 25,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were bought at an average price of $20.00 per share, with a total value of $500,000.00. Following the completion of the purchase, the chief financial officer owned 25,000 shares in the company, valued at approximately $500,000. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 58,500 shares of company stock worth $1,170,000.