Applied Aerospace & Defense (NYSE:AADX) Rating Increased to Strong-Buy at Jefferies Financial Group

Applied Aerospace & Defense (NYSE:AADX) was upgraded by investment analysts at Jefferies Financial Group to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities analysts have also issued reports on AADX. Robert W. Baird initiated 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. Royal Bank Of Canada assumed coverage on shares of Applied Aerospace & Defense in a report on Monday. They issued a “moderate buy” rating and a $24.00 price target for the company. UBS Group set a $24.00 price objective on shares of Applied Aerospace & Defense in a research report on Sunday. Morgan Stanley began coverage on shares of Applied Aerospace & Defense in a research report on Monday. They issued an “equal weight” rating and a $23.00 price objective for the company. Finally, Stifel Nicolaus initiated coverage on Applied Aerospace & Defense in a report on Monday. They set a “buy” rating and a $24.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $24.62.

Applied Aerospace & Defense Trading Up 8.9%

Shares of NYSE AADX opened at $22.57 on Monday. Applied Aerospace & Defense has a 12-month low of $17.08 and a 12-month high of $23.00.

Insiders Place Their Bets

In related news, Director James C. Katzman purchased 25,000 shares of the 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 $500,000.00. Following the purchase, the director directly owned 29,250 shares in the company, valued at $585,000. The trade was a 588.24% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jeffrey L. Mcrae purchased 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average price of $20.00 per share, for a total transaction of $500,000.00. Following the completion of the transaction, the chief financial officer directly owned 25,000 shares in the company, valued at $500,000. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 58,500 shares of company stock worth $1,170,000.