RADA Electronic Industries Ltd. (NASDAQ:RADA) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC raised its stake in RADA Electronic Industries Ltd. (NASDAQ:RADAGet Rating) by 40.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,809 shares of the aerospace company’s stock after purchasing an additional 3,702 shares during the quarter. Lazard Asset Management LLC’s holdings in RADA Electronic Industries were worth $118,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RADA. abrdn plc acquired a new position in shares of RADA Electronic Industries in the 1st quarter valued at $419,000. Envestnet Asset Management Inc. acquired a new position in shares of RADA Electronic Industries in the 1st quarter valued at $373,000. Advisor Group Holdings Inc. boosted its holdings in shares of RADA Electronic Industries by 4.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 21,083 shares of the aerospace company’s stock valued at $293,000 after purchasing an additional 973 shares during the last quarter. Monarch Partners Asset Management LLC boosted its holdings in shares of RADA Electronic Industries by 54.4% in the 1st quarter. Monarch Partners Asset Management LLC now owns 462,672 shares of the aerospace company’s stock valued at $6,445,000 after purchasing an additional 163,094 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of RADA Electronic Industries in the 1st quarter valued at $335,000. Institutional investors and hedge funds own 59.76% of the company’s stock.

RADA Electronic Industries Trading Up 0.9 %

NASDAQ:RADA opened at $10.11 on Wednesday. The firm has a market capitalization of $502.73 million, a price-to-earnings ratio of 84.26 and a beta of 0.95. The firm’s fifty day simple moving average is $10.31 and its 200 day simple moving average is $10.58. RADA Electronic Industries Ltd. has a twelve month low of $7.51 and a twelve month high of $16.70.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of RADA Electronic Industries in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.67.

RADA Electronic Industries Profile

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RADA Electronic Industries Ltd., a defense technology company, develops, manufactures, markets, and sells defense electronics to various air forces and companies worldwide. It offers digital video/audio/data recorders; high definition digital video/audio/data recording for fighter and trainer aircrafts; a range of head-up-displays color video cameras for fighter aircraft; and various ground debriefing solutions.

Further Reading

Institutional Ownership by Quarter for RADA Electronic Industries (NASDAQ:RADA)

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