Applied Aerospace & Defense (NYSE:AADX) Upgraded to “Hold” at Wall Street Zen

Applied Aerospace & Defense (NYSE:AADX) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Applied Aerospace & Defense Stock Up 9.9%

NYSE:AADX opened at $20.60 on Friday. Applied Aerospace & Defense has a 12-month low of $17.08 and a 12-month high of $23.00.

Insiders Place Their Bets

In other Applied Aerospace & Defense news, Director James C. Katzman bought 25,000 shares of Applied Aerospace & Defense stock in a transaction that occurred on Thursday, June 4th. The shares were purchased at an average cost of $20.00 per share, for a total transaction of $500,000.00. Following the completion of the transaction, the director owned 29,250 shares of the company’s stock, valued at $585,000. This represents a 588.24% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeffrey L. Mcrae acquired 25,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were bought at an average price of $20.00 per share, for a total transaction of $500,000.00. Following the completion of the acquisition, the chief financial officer owned 25,000 shares in the company, valued at approximately $500,000. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 58,500 shares of company stock valued at $1,170,000.