Applied Aerospace & Defense (NYSE:AADX) Shares Gap Down - Should You Sell?

Key Points

• AADX shares opened sharply lower, falling from a prior close of $10.72 to $10.10 and last trading at $10.05.
• Analyst views are mixed, but the consensus is “Moderate Buy” with a $23.11 price target; ratings range from Sell to Strong Buy.
• The company reported quarterly EPS of $0.18, beating the $0.09 consensus estimate by $0.09.

Applied Aerospace & Defense, Inc. (NYSE:AADX - Get Free Report)'s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $10.72, but opened at $10.10. Applied Aerospace & Defense shares last traded at $10.05, with a volume of 401,462 shares traded.

Wall Street Analyst Weigh In

AADX has been the topic of a number of recent research reports. Weiss Ratings started coverage on Applied Aerospace & Defense in a research report on Friday, August 28th. They issued a "sell (d)" rating on the stock. Jefferies Financial Group set a $20.00 price target on Applied Aerospace & Defense in a research report on Monday, October 5th. Morgan Stanley decreased their price target on shares of Applied Aerospace & Defense from $24.00 to $16.00 and set an "equal weight" rating for the company in a research note on Friday, October 16th. Bank of America decreased 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. 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 price objective on the stock. Two equities 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $23.11.

Applied Aerospace & Defense Stock Performance

The business has a 50-day moving average price of $11.50. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.51 and a quick ratio of 2.08. The firm has a market capitalization of $1.66 billion and a PE ratio of -38.56.

Applied Aerospace & Defense (NYSE:AADX - Get Free Report) last announced its quarterly earnings data on Wednesday, November 11th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.09. As a group, research analysts expect that Applied Aerospace & Defense, Inc. will post -0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Voya Investment Management LLC acquired a new position in shares of Applied Aerospace & Defense during the 3rd quarter worth approximately $21,368,000. First Eagle Investment Management LLC raised its stake in shares of Applied Aerospace & Defense by 224.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 811,000 shares of the company's stock worth $9,756,000 after purchasing an additional 561,000 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Applied Aerospace & Defense in the 2nd quarter valued at approximately $8,373,000. Roubaix Capital LLC boosted its holdings in shares of Applied Aerospace & Defense by 98.3% in the 3rd quarter. Roubaix Capital LLC now owns 508,131 shares of the company's stock valued at $6,113,000 after buying an additional 251,891 shares during the last quarter. Finally, Bfsg LLC acquired a new stake in shares of Applied Aerospace & Defense in the 3rd quarter valued at approximately $1,882,000.

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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