Aerojet Rocketdyne Holdings, Inc. (AJRD) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lowered its position in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,890 shares of the aerospace company’s stock after selling 8,309 shares during the period. Goldman Sachs Group Inc. owned approximately 0.22% of Aerojet Rocketdyne Holdings worth $3,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Legal & General Group Plc raised its stake in shares of Aerojet Rocketdyne Holdings by 10.1% during the second quarter. Legal & General Group Plc now owns 140,654 shares of the aerospace company’s stock valued at $2,925,000 after acquiring an additional 12,923 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Aerojet Rocketdyne Holdings by 79.0% during the second quarter. Wells Fargo & Company MN now owns 81,142 shares of the aerospace company’s stock valued at $1,688,000 after acquiring an additional 35,808 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Aerojet Rocketdyne Holdings by 7.1% during the second quarter. Vanguard Group Inc. now owns 3,740,974 shares of the aerospace company’s stock valued at $77,813,000 after acquiring an additional 246,605 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Aerojet Rocketdyne Holdings by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,184,314 shares of the aerospace company’s stock valued at $45,434,000 after acquiring an additional 121,334 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Aerojet Rocketdyne Holdings by 33.1% during the second quarter. BNP Paribas Arbitrage SA now owns 30,900 shares of the aerospace company’s stock valued at $643,000 after acquiring an additional 7,686 shares in the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

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In other Aerojet Rocketdyne Holdings news, Director James H. Perry sold 25,001 shares of Aerojet Rocketdyne Holdings stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $30.00, for a total value of $750,030.00. Following the transaction, the director now directly owns 166,959 shares of the company’s stock, valued at $5,008,770. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is currently owned by insiders.

Several brokerages recently issued reports on AJRD. BidaskClub raised shares of Aerojet Rocketdyne Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. CL King raised shares of Aerojet Rocketdyne Holdings from a “neutral” rating to a “buy” rating in a report on Friday, September 22nd. Zacks Investment Research raised shares of Aerojet Rocketdyne Holdings from a “sell” rating to a “hold” rating and set a $31.00 price objective on the stock in a report on Tuesday, August 8th. Jefferies Group LLC lowered shares of Aerojet Rocketdyne Holdings from a “buy” rating to a “hold” rating and set a $35.00 price objective on the stock. in a report on Monday, October 23rd. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $40.00 price target on shares of Aerojet Rocketdyne Holdings in a report on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Aerojet Rocketdyne Holdings currently has a consensus rating of “Buy” and an average price target of $35.33.

Aerojet Rocketdyne Holdings, Inc. (NYSE AJRD) traded down $0.76 during midday trading on Friday, reaching $29.09. 570,000 shares of the company’s stock traded hands, compared to its average volume of 603,343. The company has a quick ratio of 1.38, a current ratio of 1.66 and a debt-to-equity ratio of 3.94. Aerojet Rocketdyne Holdings, Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $36.25. The stock has a market capitalization of $2,241.74, a price-to-earnings ratio of 36.40, a P/E/G ratio of 6.46 and a beta of 1.43.

Aerojet Rocketdyne Holdings (NYSE:AJRD) last released its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.03). Aerojet Rocketdyne Holdings had a return on equity of 60.91% and a net margin of 3.24%. The firm had revenue of $484.00 million during the quarter, compared to analysts’ expectations of $487.48 million. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. analysts forecast that Aerojet Rocketdyne Holdings, Inc. will post 0.84 EPS for the current year.

Aerojet Rocketdyne Holdings Company Profile

GenCorp Inc, incorporated in 1915, is a manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets. The Company develops and manufactures propulsion systems for defense and space applications, and armaments for precision tactical and long range weapon systems applications.

Institutional Ownership by Quarter for Aerojet Rocketdyne Holdings (NYSE:AJRD)

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