Applied Aerospace & Defense (NYSE:AADX) Upgraded at Guggenheim

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

Other equities research analysts have also issued reports about the stock. Robert W. Baird initiated coverage on shares of Applied Aerospace & Defense in a research report on Monday, June 29th. They set an “outperform” rating and a $30.00 target price for the company. Morgan Stanley increased their price target on shares of Applied Aerospace & Defense from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Wolfe Research assumed coverage on shares of Applied Aerospace & Defense in a research report on Monday, June 29th. They set an “outperform” rating and a $23.00 price objective on the stock. Bank of America dropped their price objective on shares of Applied Aerospace & Defense from $24.00 to $23.00 and set a “buy” rating for the company in a report on Friday, August 14th. Finally, Jefferies Financial Group upgraded Applied Aerospace & Defense to a “strong-buy” rating in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.22.

Applied Aerospace & Defense Stock Performance

NYSE:AADX opened at $12.63 on Monday. The firm has a 50-day simple moving average of $16.59. Applied Aerospace & Defense has a twelve month low of $11.39 and a twelve month high of $24.24.

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

Institutional Investors Weigh In On Applied Aerospace & Defense

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

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.