Applied Aerospace & Defense (NYSE:AADX) Stock Falls 7.3% Following Analyst Downgrade

Key Points

• AADX fell 7.3% to $8.62 after RBC cut its price target from $18 to $15, while maintaining an Outperform rating. Trading volume was 57% below its average.
• Analyst views remain mostly positive: the consensus rating is Moderate Buy, with an average price target of $22.22; however, Stifel also lowered its target, from $24 to $18.
• Recent quarterly results were stronger than expected: revenue increased 48.6% to about $182 million, EPS was $0.18 versus a $0.09 estimate, and the company reported a record backlog near $1.3 billion.

Applied Aerospace & Defense, Inc. (NYSE:AADX - Get Free Report) was down 7.3% on Thursday after Royal Bank Of Canada lowered their price target on the stock from $18.00 to $15.00. Royal Bank Of Canada currently has an outperform rating on the stock. Applied Aerospace & Defense traded as low as $8.47 and last traded at $8.62. Approximately 771,806 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 1,779,474 shares. The stock had previously closed at $9.30.

AADX has been the topic of several other research reports. Bank of America dropped their price objective on 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. Guggenheim started coverage on Applied Aerospace & Defense in a research report on Monday, September 14th. They issued a "buy" rating and a $30.00 target price for the company. Morgan Stanley boosted their target price on Applied Aerospace & Defense from $16.00 to $17.00 and gave the company an "equal weight" rating in a research note on Thursday. Jefferies Financial Group set a $20.00 price target on Applied Aerospace & Defense in a research report on Monday, October 5th. Finally, Stifel Nicolaus cut their price target on Applied Aerospace & Defense from $24.00 to $18.00 and set a "buy" rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $22.22.

Applied Aerospace & Defense News Summary

These are some of the AADX news items that stood out recently:

• Positive Sentiment: Third-quarter revenue rose 48.6% to $182.1 million, while earnings of $0.18 per share topped analysts’ $0.09 estimate. The company also reported a record backlog of nearly $1.3 billion, signaling strong demand across its aerospace and defense markets. Article: Applied Aerospace & Defense Q3 2026 earnings
• Positive Sentiment: Analysts continue to see potential upside: Morgan Stanley raised its price target to $17 from $16, while maintaining an Equal Weight rating. Article: Morgan Stanley price target update
• Neutral Sentiment: Royal Bank of Canada cut its target to $15 from $18 but kept an Outperform rating; Stifel Nicolaus lowered its target to $18 from $24 while retaining a Buy rating. The target cuts temper the positive ratings and suggest analysts have adjusted expectations. Article: RBC price target update

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AADX. Wellington Management Group LLP bought a new stake in Applied Aerospace & Defense during the 2nd quarter valued at $8,373,000. B. Metzler seel. Sohn & Co. AG bought a new position in shares of Applied Aerospace & Defense in the second quarter worth $3,044,000. Bfsg LLC bought a new position in shares of Applied Aerospace & Defense in the third quarter worth $1,882,000. Squarepoint Ops LLC purchased a new position in shares of Applied Aerospace & Defense in the second quarter valued at $1,232,000. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Applied Aerospace & Defense in the third quarter valued at $120,000.

Applied Aerospace & Defense Stock Down 7.3%

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 company has a market cap of $1.49 billion and a P/E ratio of -34.48. The company's 50-day simple moving average is $11.44.

Applied Aerospace & Defense (NYSE:AADX - Get Free Report) last issued its earnings results on Thursday, November 12th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.09 by $0.09. The company had revenue of $182.06 million during the quarter. As a group, equities analysts anticipate that Applied Aerospace & Defense, Inc. will post -0.61 EPS for the current fiscal 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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