Applied Aerospace & Defense (NYSE:AADX) Sets New 1-Year Low - Time to Sell?

Key Points

• AADX hit a new 52-week low, trading as low as $8.81 and last at $8.91, below its prior close of $9.37.
• Analysts maintain a “Moderate Buy” consensus and an average $23.11 price target, though several firms recently cut their targets and one rates the stock “Sell.”
• The company reported a quarterly loss of $1.04 per share, missing the $0.01 consensus estimate; analysts expect a full-year loss of $0.61 per share.

Applied Aerospace & Defense, Inc. (NYSE:AADX - Get Free Report) shares reached a new 52-week low during trading on Thursday. The company traded as low as $8.81 and last traded at $8.91, with a volume of 416,778 shares changing hands. The stock had previously closed at $9.37.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AADX. Jefferies Financial Group set a $20.00 target price on Applied Aerospace & Defense in a research note on Monday, October 5th. Morgan Stanley lowered their price target on Applied Aerospace & Defense from $24.00 to $16.00 and set an "equal weight" rating for the company in a report on Friday, October 16th. Bank of America dropped their price target on shares of Applied Aerospace & Defense from $24.00 to $23.00 and set a "buy" rating on the stock in a research note on Friday, August 14th. Royal Bank Of Canada cut their price objective on shares of Applied Aerospace & Defense from $21.00 to $18.00 and set an "outperform" rating on the stock in a report on Wednesday, October 28th. Finally, Weiss Ratings began coverage on shares of Applied Aerospace & Defense in a research report on Friday, August 28th. They set a "sell (d)" rating for the company. Two 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 issued 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 $23.11.

Applied Aerospace & Defense Stock Down 8.8%

The company has a fifty day moving average price of $11.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.08 and a current ratio of 2.51. The stock has a market capitalization of $1.47 billion and a P/E ratio of -34.20.

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

Institutional Investors Weigh In On Applied Aerospace & Defense

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AADX. Wellington Management Group LLP purchased a new stake in Applied Aerospace & Defense in the 2nd quarter valued at $8,373,000. B. Metzler seel. Sohn & Co. AG purchased a new position in Applied Aerospace & Defense during the 2nd quarter worth $3,044,000. Squarepoint Ops LLC purchased a new position in Applied Aerospace & Defense during the 2nd quarter worth $1,232,000. Readystate Asset Management LP purchased a new position in Applied Aerospace & Defense during the 2nd quarter worth $752,000. Finally, Bfsg LLC acquired a new position in Applied Aerospace & Defense in the third quarter valued at $1,882,000.

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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