Applied Aerospace & Defense (NYSE:AADX) Shares Down 7.3% on Analyst Downgrade

Applied Aerospace & Defense, Inc. (NYSE:AADX)’s share price was down 7.3% on Thursday after Royal Bank Of Canada lowered their price target on the stock from $18.00 to $15.00. Royal Bank Of Canada currently has an outperform rating on the stock. Applied Aerospace & Defense traded as low as $8.47 and last traded at $8.62. 771,806 shares were traded during trading, a decline of 57% from the average daily volume of 1,779,474 shares. The stock had previously closed at $9.30.

Other research analysts have also issued reports about the stock. Morgan Stanley boosted their price target on shares of Applied Aerospace & Defense from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Thursday. Guggenheim began coverage on Applied Aerospace & Defense in a research report on Monday, September 14th. They issued a “buy” rating and a $30.00 price objective on the stock. Weiss Ratings began coverage on Applied Aerospace & Defense in a research note on Friday, August 28th. They set a “sell (d)” rating for the company. Stifel Nicolaus reduced their target price on Applied Aerospace & Defense from $24.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Bank of America decreased their target price on Applied Aerospace & Defense from $24.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Two research 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 issued a Sell rating to the stock. According to MarketBeat.com, Applied Aerospace & Defense presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.22.

Trending Headlines about Applied Aerospace & Defense

Investors following AADX have been watching these headlines:

• Positive Sentiment: Third-quarter revenue rose 48.6% to $182.1 million, while earnings of $0.18 per share topped analysts’ $0.09 estimate. The company also reported a record backlog of nearly $1.3 billion, signaling strong demand across its aerospace and defense markets. Article: Applied Aerospace & Defense Q3 2026 earnings
• Neutral Sentiment: Royal Bank of Canada cut its target to $15 from $18 but kept an Outperform rating; Stifel Nicolaus lowered its target to $18 from $24 while retaining a Buy rating. The target cuts temper the positive ratings and suggest analysts have adjusted expectations. Article: RBC price target update
• Negative Sentiment: The main near-term concern is 2026 revenue guidance of $660 million–$670 million, below the roughly $682 million consensus. Supplier constraints are also expected to push as much as $20 million of revenue into 2027, weighing on near-term expectations despite the strong quarter. Article: Q3 growth and 2026 guidance

Institutional Trading of Applied Aerospace & Defense

A number of hedge funds have recently bought and sold shares of AADX. Voya Investment Management LLC purchased a new stake in Applied Aerospace & Defense in the third quarter worth approximately $21,368,000. First Eagle Investment Management LLC grew its position in Applied Aerospace & Defense by 224.4% during the third quarter. First Eagle Investment Management LLC now owns 811,000 shares of the company’s stock valued at $9,756,000 after acquiring an additional 561,000 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Applied Aerospace & Defense during the second quarter worth approximately $8,373,000. State Street Corp purchased a new position in shares of Applied Aerospace & Defense during the third quarter worth approximately $7,172,000. Finally, Roubaix Capital LLC lifted its holdings in shares of Applied Aerospace & Defense by 98.3% in the 3rd quarter. Roubaix Capital LLC now owns 508,131 shares of the company’s stock worth $6,113,000 after acquiring an additional 251,891 shares during the last quarter.

Applied Aerospace & Defense Trading Down 7.3%

The firm has a market cap of $1.49 billion and a PE ratio of -34.48. The company has a fifty day moving average of $11.44. The company has a quick ratio of 2.08, a current ratio of 2.51 and a debt-to-equity ratio of 0.51.

Applied Aerospace & Defense (NYSE:AADX) last released its earnings results on Thursday, November 12th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.09 by $0.09. The business had revenue of $182.06 million for the quarter. As a group, analysts expect that Applied Aerospace & Defense, Inc. will post -0.61 earnings per share for the current fiscal year.

About Applied Aerospace & Defense

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.