Bfsg LLC Buys 156,409 Shares of Applied Aerospace & Defense, Inc. $AADX

Key Points

• Bfsg LLC initiated a position in Applied Aerospace & Defense, buying 156,409 shares worth about $1.88 million, or 0.09% of the company.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $23.11; individual ratings range from Sell to Strong Buy.
• AADX opened at $8.56, near its 52-week low of $8.40. The company reported a quarterly loss of $1.04 per share, missing the $0.01 consensus estimate.

Bfsg LLC bought a new stake in Applied Aerospace & Defense, Inc. (NYSE:AADX - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 156,409 shares of the company's stock, valued at approximately $1,882,000. Bfsg LLC owned 0.09% of Applied Aerospace & Defense at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new position in shares of Applied Aerospace & Defense in the 2nd quarter valued at approximately $8,373,000. B. Metzler seel. Sohn & Co. AG acquired a new stake in Applied Aerospace & Defense in the second quarter valued at $3,044,000. Squarepoint Ops LLC bought a new position in Applied Aerospace & Defense during the 2nd quarter valued at $1,232,000. Readystate Asset Management LP bought a new position in Applied Aerospace & Defense during the 2nd quarter valued at $752,000. Finally, Oppenheimer & Co. Inc. bought a new position in Applied Aerospace & Defense during the 3rd quarter valued at $132,000.

Analysts Set New Price Targets

Several brokerages have weighed in on AADX. Jefferies Financial Group set a $20.00 price objective on shares of Applied Aerospace & Defense in a report on Monday, October 5th. Weiss Ratings started coverage on shares of Applied Aerospace & Defense in a research note on Friday, August 28th. They issued a "sell (d)" rating on the stock. Guggenheim assumed 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. Bank of America lowered their price objective on Applied Aerospace & Defense from $24.00 to $23.00 and set a "buy" rating for the company in a report on Friday, August 14th. Finally, Morgan Stanley cut their price objective on Applied Aerospace & Defense from $24.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Friday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $23.11.

Applied Aerospace & Defense Stock Performance

Shares of AADX stock opened at $8.56 on Friday. The company has a 50 day moving average of $11.70. Applied Aerospace & Defense, Inc. has a 52 week low of $8.40 and a 52 week high of $24.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.51 and a quick ratio of 2.08.

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

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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