Analysts Set Applied Aerospace & Defense, Inc. (NYSE:AADX) Target Price at $24.62

Applied Aerospace & Defense, Inc. (NYSE:AADX) has received an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $24.6250.

AADX has been the topic of several research reports. Jefferies Financial Group raised Applied Aerospace & Defense to a “strong-buy” rating in a report on Monday, June 29th. Zacks Research raised Applied Aerospace & Defense to a “hold” rating in a research note on Tuesday, June 30th. Wolfe Research started coverage on Applied Aerospace & Defense in a report on Monday, June 29th. They set an “outperform” rating and a $23.00 price target for the company. Morgan Stanley initiated coverage on Applied Aerospace & Defense in a research note on Monday, June 29th. They issued an “equal weight” rating and a $23.00 price objective on the stock. Finally, Robert W. Baird assumed coverage on Applied Aerospace & Defense in a report on Monday, June 29th. They set an “outperform” rating and a $30.00 price objective on the stock.

Applied Aerospace & Defense Trading Down 0.9%

Applied Aerospace & Defense stock opened at $17.84 on Friday. Applied Aerospace & Defense has a 12-month low of $16.57 and a 12-month high of $24.24.

Insider Buying and Selling

In other news, Director Susan D. Lynch bought 8,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was purchased at an average price of $20.00 per share, for a total transaction of $160,000.00. Following the acquisition, the director owned 8,000 shares of the company’s stock, valued at $160,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James C. Katzman bought 25,000 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were acquired at an average price of $20.00 per share, with a total value of $500,000.00. Following the transaction, the director directly owned 29,250 shares of the company’s stock, valued at approximately $585,000. This trade represents a 588.24% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 58,500 shares of company stock worth $1,170,000 over the last three months.