Applied Aerospace & Defense (NYSE:AADX) Hits New 12-Month Low - What's Next?

Key Points

• Applied Aerospace & Defense shares hit a new 52-week low, falling 5.1% to $10.86 during Monday’s trading session, with a market capitalization of approximately $1.87 billion.
• Despite the decline, analysts maintain a “Moderate Buy” consensus, with an average price target of $24.67—well above the recent trading price.
• The company reported a significant quarterly loss of $1.04 per share, missing the consensus estimate of $0.01, while generating $167.32 million in revenue; analysts expect a full-year loss of $0.61 per share.

Applied Aerospace & Defense, Inc. (NYSE:AADX - Get Free Report) hit a new 52-week low during trading on Monday. The stock traded as low as $10.86 and last traded at $10.88, with a volume of 806,566 shares trading hands. The stock had previously closed at $11.45.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Zacks Research upgraded Applied Aerospace & Defense to a "hold" rating in a research report on Tuesday, June 30th. UBS Group set a $24.00 price objective on Applied Aerospace & Defense in a report on Sunday, June 28th. Stifel Nicolaus started coverage on shares of Applied Aerospace & Defense in a research note on Monday, June 29th. They set a "buy" rating and a $24.00 price objective for the company. Bank of America decreased their target price on shares of 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, Guggenheim began coverage on shares of Applied Aerospace & Defense in a report on Monday, September 14th. They issued a "buy" rating and a $30.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $24.67.

Applied Aerospace & Defense Trading Down 5.1%

The company has a quick ratio of 2.08, a current ratio of 2.51 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average price of $14.48. The firm has a market cap of $1.87 billion and a PE ratio of -43.48.

Applied Aerospace & Defense (NYSE:AADX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($1.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($1.05). The firm had revenue of $167.32 million for the quarter. Sell-side analysts expect that Applied Aerospace & Defense, Inc. will post -0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Applied Aerospace & Defense

Several institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new stake in shares of Applied Aerospace & Defense during the third quarter worth $29,000. Valeo Financial Advisors LLC acquired a new stake in Applied Aerospace & Defense during the third quarter valued at $120,000. Squarepoint Ops LLC purchased a new position in Applied Aerospace & Defense in the second quarter valued at about $1,232,000. Readystate Asset Management LP purchased a new position in Applied Aerospace & Defense in the second quarter valued at about $752,000. Finally, B. Metzler seel. Sohn & Co. AG purchased a new position in Applied Aerospace & Defense in the second quarter valued at about $3,044,000.

About Applied Aerospace & Defense

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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