Applied Aerospace & Defense (NYSE:AADX) Shares Gap Down – What’s Next?

Applied Aerospace & Defense, Inc. (NYSE:AADX)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $10.72, but opened at $10.10. Applied Aerospace & Defense shares last traded at $10.05, with a volume of 401,462 shares traded.

Key Stories Impacting Applied Aerospace & Defense

Here are a few of the latest stories about AADX:

• Positive Sentiment: Stifel Nicolaus reiterated its buy rating and set an $18 price target, citing substantial potential upside. Applied Aerospace & Defense Given New $18.00 Price Target at Stifel Nicolaus
• Positive Sentiment: Third-quarter revenue rose 48.6% to $182.1 million, and EPS of $0.18 beat the $0.09 consensus estimate. The company also reported a record backlog of nearly $1.3 billion, supported by demand in space and defense. Applied Aerospace & Defense Reports Third Quarter 2026 Financial Results
• Neutral Sentiment: Morgan Stanley raised its price target to $17 but kept an equal-weight rating, signaling a more measured view. Applied Aerospace & Defense Given New $17.00 Price Target at Morgan Stanley

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on Applied Aerospace & Defense from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Thursday. Royal Bank Of Canada dropped their target price on shares of Applied Aerospace & Defense from $18.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday. Jefferies Financial Group set a $20.00 price target on shares of Applied Aerospace & Defense in a report on Monday, October 5th. Bank of America reduced their price target on shares of Applied Aerospace & Defense from $24.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Finally, Guggenheim initiated coverage on shares of Applied Aerospace & Defense in a research report on Monday, September 14th. They set a “buy” rating and a $30.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.22.

Applied Aerospace & Defense Stock Performance

The business’s fifty day simple moving average is $11.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.51 and a quick ratio of 2.08. The company has a market cap of $1.49 billion and a PE ratio of -34.64.

Applied Aerospace & Defense (NYSE:AADX) last issued its quarterly earnings data on Thursday, November 12th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.09. The company had revenue of $182.06 million for the quarter. On average, analysts predict that Applied Aerospace & Defense, Inc. will post -0.61 EPS for the current year.

Hedge Funds Weigh In On Applied Aerospace & Defense

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

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.