Applied Aerospace & Defense (NYSE:AADX) Rating Increased to Hold at Zacks Research

Applied Aerospace & Defense (NYSE:AADX) was upgraded by Zacks Research to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research firms also recently issued reports on AADX. Robert W. Baird began coverage on shares of Applied Aerospace & Defense in a research report on Monday. They set an “outperform” rating and a $30.00 target price on the stock. Jefferies Financial Group upgraded shares of Applied Aerospace & Defense to a “strong-buy” rating in a research report on Monday. UBS Group set a $24.00 price objective on shares of Applied Aerospace & Defense in a report on Sunday. Stifel Nicolaus started coverage on shares of Applied Aerospace & Defense in a research note on Monday. They issued a “buy” rating and a $24.00 price objective on the stock. Finally, Wolfe Research started coverage on shares of Applied Aerospace & Defense in a research report on Monday. They set an “outperform” rating and a $23.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Applied Aerospace & Defense has a consensus rating of “Moderate Buy” and an average price target of $24.62.

Applied Aerospace & Defense Stock Performance

Shares of AADX opened at $24.14 on Tuesday. Applied Aerospace & Defense has a 12-month low of $17.08 and a 12-month high of $24.24.

Insider Transactions at Applied Aerospace & Defense

In related news, CFO Jeffrey L. Mcrae purchased 25,000 shares of Applied Aerospace & Defense stock in a transaction on Thursday, June 4th. The shares were purchased at an average price of $20.00 per share, for a total transaction of $500,000.00. Following the transaction, the chief financial officer owned 25,000 shares of the company’s stock, valued at approximately $500,000. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Susan D. Lynch purchased 8,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was bought at an average cost of $20.00 per share, with a total value of $160,000.00. Following the purchase, the director owned 8,000 shares of the company’s stock, valued at approximately $160,000. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 58,500 shares of company stock worth $1,170,000.