Applied Aerospace & Defense (NYSE:AADX) Stock Price Down 5.9% - Should You Sell?

Key Points

• Applied Aerospace & Defense shares fell 5.9% to $11.89 on substantially below-average trading volume, with about 268,913 shares changing hands.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $25.22; recent targets range from $23 to $30.
• The company reported a significant quarterly EPS miss, posting a $1.04 loss per share versus expectations for $0.01 in earnings, while analysts forecast a full-year loss of $0.61 per share.

Applied Aerospace & Defense, Inc. (NYSE:AADX - Get Free Report) shares traded down 5.9% on Monday. The company traded as low as $11.88 and last traded at $11.89. Approximately 268,913 shares changed hands during trading, a decline of 83% from the average session volume of 1,595,812 shares. The stock had previously closed at $12.63.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Jefferies Financial Group upgraded shares of Applied Aerospace & Defense to a "strong-buy" rating in a research note on Monday, June 29th. Zacks Research raised shares of Applied Aerospace & Defense to a "hold" rating in a research note on Tuesday, June 30th. Wolfe Research started coverage on Applied Aerospace & Defense in a report on Monday, June 29th. They issued an "outperform" rating and a $23.00 price target for the company. Morgan Stanley increased their price objective on Applied Aerospace & Defense from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 13th. Finally, Guggenheim initiated coverage on Applied Aerospace & Defense in a report on Monday, September 14th. They set a "buy" rating and a $30.00 price objective on the stock. 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's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $25.22.

Applied Aerospace & Defense Stock Performance

The business's 50-day moving average price is $15.15. The company has a quick ratio of 2.08, a current ratio of 2.51 and a debt-to-equity ratio of 0.51.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Wellington Management Group LLP purchased a new stake in Applied Aerospace & Defense during the second quarter valued at approximately $8,373,000. B. Metzler seel. Sohn & Co. AG purchased a new position in Applied Aerospace & Defense in the second quarter worth $3,044,000. Squarepoint Ops LLC acquired a new position in shares of Applied Aerospace & Defense during the second quarter worth $1,232,000. Finally, Readystate Asset Management LP acquired a new position in shares of Applied Aerospace & Defense during the second quarter worth $752,000.

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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