133,626 Shares in Applied Aerospace & Defense, Inc. $AADX Acquired by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 133,626 shares of Applied Aerospace & Defense, valued at approximately $3.04 million, while Wellington Management also disclosed a new $8.37 million position.
• Applied Aerospace & Defense reported a quarterly loss of $1.04 per share, missing the $0.01 consensus estimate, on revenue of $167.32 million.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $24.62, despite shares opening at $12.89 and trading below their 50-day moving average.

B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Applied Aerospace & Defense, Inc. (NYSE:AADX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 133,626 shares of the company's stock, valued at approximately $3,044,000. B. Metzler seel. Sohn & Co. AG owned approximately 0.08% of Applied Aerospace & Defense as of its most recent filing with the Securities and Exchange Commission.

Separately, Wellington Management Group LLP bought a new position in Applied Aerospace & Defense in the second quarter valued at about $8,373,000.

Applied Aerospace & Defense Stock Up 2.9%

Shares of AADX stock opened at $12.89 on Friday. Applied Aerospace & Defense, Inc. has a 12-month low of $11.77 and a 12-month high of $24.24. The stock's fifty day moving average is $18.26.

Applied Aerospace & Defense (NYSE:AADX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($1.04) EPS for the quarter, missing the consensus estimate of $0.01 by ($1.05). The company had revenue of $167.32 million for the quarter. On average, research analysts anticipate that Applied Aerospace & Defense, Inc. will post -0.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Robert W. Baird assumed coverage on Applied Aerospace & Defense in a research report on Monday, June 29th. They issued an "outperform" rating and a $30.00 price objective for the company. Wall Street Zen upgraded shares of Applied Aerospace & Defense from a "sell" rating to a "hold" rating in a research report on Saturday, June 27th. UBS Group set a $24.00 target price on shares of Applied Aerospace & Defense in a research note on Sunday, June 28th. Jefferies Financial Group upgraded shares of Applied Aerospace & Defense to a "strong-buy" rating in a research report on Monday, June 29th. Finally, Bank of America dropped their price target on shares of Applied Aerospace & Defense from $24.00 to $23.00 and set a "buy" rating for the company in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Applied Aerospace & Defense has a consensus rating of "Moderate Buy" and an average target price of $24.62.

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.

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