Applied Aerospace & Defense (NYSE:AADX) Upgraded to “Strong-Buy” at Robert W. Baird

Applied Aerospace & Defense (NYSE:AADX) was upgraded by investment analysts at Robert W. Baird to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other analysts also recently commented on AADX. Wall Street Zen upgraded shares of Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a report on Saturday. Stifel Nicolaus began coverage on shares of Applied Aerospace & Defense in a report on Monday. They set a “buy” rating and a $24.00 target price for the company. UBS Group set a $24.00 price target on shares of Applied Aerospace & Defense in a research report on Sunday. Wolfe Research assumed coverage on Applied Aerospace & Defense in a report on Monday. They issued an “outperform” rating and a $23.00 price target on the stock. Finally, Morgan Stanley initiated coverage on Applied Aerospace & Defense in a research report on Monday. They set an “equal weight” rating and a $23.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $24.62.

Applied Aerospace & Defense Trading Up 0.8%

NYSE: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 other news, Director James C. Katzman bought 25,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was bought at an average cost 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 $585,000. This represents a 588.24% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Susan D. Lynch bought 8,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $160,000.00. Following the completion of the transaction, the director owned 8,000 shares of the company’s stock, valued at $160,000. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 58,500 shares of company stock valued at $1,170,000.