Applied Aerospace & Defense (NYSE:AADX) Stock Falls 5.1% - Time to Sell?

Key Points

• Applied Aerospace & Defense shares fell 5.1% to $10.79 in mid-day trading, with volume down 86% versus the average session.
• Despite the decline, analysts maintain a generally positive outlook: the stock has a “Moderate Buy” consensus rating and an average price target of $23.44, well above its recent price.
• The company reported a significant quarterly earnings miss, posting a loss of $1.04 per share versus the $0.01 consensus estimate, while analysts expect a full-year loss of $0.61 per share.

Applied Aerospace & Defense, Inc. (NYSE:AADX - Get Free Report)'s stock price was down 5.1% during mid-day trading on Monday. The stock traded as low as $10.67 and last traded at $10.79. 250,209 shares changed hands during trading, a decline of 86% from the average session volume of 1,729,795 shares. The stock had previously closed at $11.37.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Stifel Nicolaus began coverage on Applied Aerospace & Defense in a report on Monday, June 29th. They set a "buy" rating and a $24.00 price objective on the stock. Wolfe Research assumed coverage on Applied Aerospace & Defense in a research report on Monday, June 29th. They set an "outperform" rating and a $23.00 price objective on the stock. Wall Street Zen raised Applied Aerospace & Defense from a "sell" rating to a "hold" rating in a report on Saturday, June 27th. Royal Bank Of Canada lowered their target price on Applied Aerospace & Defense from $24.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, October 13th. Finally, Robert W. Baird initiated coverage on Applied Aerospace & Defense in a research report on Monday, June 29th. They issued an "outperform" rating and a $30.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Applied Aerospace & Defense currently has an average rating of "Moderate Buy" and an average price target of $23.44.

Applied Aerospace & Defense Trading Down 2.6%

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 business's 50-day moving average is $13.49. The firm has a market cap of $1.91 billion and a PE ratio of -44.32.

Applied Aerospace & Defense (NYSE:AADX - Get Free Report) last released 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 firm had revenue of $167.32 million for the quarter. On average, equities research analysts expect that Applied Aerospace & Defense, Inc. will post -0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fortitude Family Office LLC bought a new stake in shares of Applied Aerospace & Defense during the third quarter valued at approximately $29,000. Farther Finance Advisors LLC acquired a new stake in Applied Aerospace & Defense in the 3rd quarter valued at $29,000. Valeo Financial Advisors LLC acquired a new stake in Applied Aerospace & Defense in the 3rd quarter valued at $120,000. Squarepoint Ops LLC acquired a new position in shares of Applied Aerospace & Defense during the second quarter valued at about $1,232,000. Finally, Readystate Asset Management LP bought a new stake in Applied Aerospace & Defense during the 2nd quarter worth approximately $752,000.

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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