Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Director James H. Perry sold 25,001 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $30.00, for a total value of $750,030.00. Following the completion of the sale, the director now owns 166,959 shares in the company, valued at $5,008,770. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Aerojet Rocketdyne Holdings, Inc. (AJRD) opened at $29.09 on Friday. Aerojet Rocketdyne Holdings, Inc. has a 52 week low of $17.56 and a 52 week high of $36.25. The stock has a market capitalization of $2,184.66, a P/E ratio of 35.48, a P/E/G ratio of 6.30 and a beta of 1.43. 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 (NYSE:AJRD) last announced its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.17 earnings per share (EPS) for the quarter, missing the 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 the consensus estimate of $487.48 million. Aerojet Rocketdyne Holdings’s quarterly revenue was up 4.3% compared to the same quarter last year. analysts expect that Aerojet Rocketdyne Holdings, Inc. will post 0.84 EPS for the current year.
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AJRD has been the topic of several research analyst reports. SunTrust Banks, Inc. reissued a “buy” rating on shares of Aerojet Rocketdyne Holdings in a research note on Wednesday, September 27th. BidaskClub raised Aerojet Rocketdyne Holdings from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 23rd. Zacks Investment Research cut Aerojet Rocketdyne Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Jefferies Group LLC cut Aerojet Rocketdyne Holdings from a “buy” rating to a “hold” rating and set a $35.00 price objective on the stock. in a research note on Monday, October 23rd. Finally, CL King raised Aerojet Rocketdyne Holdings from a “neutral” rating to a “buy” rating in a research note on Friday, September 22nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Aerojet Rocketdyne Holdings presently has a consensus rating of “Buy” and an average target price of $35.33.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its position in Aerojet Rocketdyne Holdings by 1,662.1% during the 3rd quarter. Wells Fargo & Company MN now owns 1,429,808 shares of the aerospace company’s stock valued at $50,059,000 after acquiring an additional 1,348,666 shares in the last quarter. Legal & General Group Plc boosted its position in Aerojet Rocketdyne Holdings by 2.4% during the 3rd quarter. Legal & General Group Plc now owns 143,969 shares of the aerospace company’s stock valued at $5,043,000 after acquiring an additional 3,315 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in Aerojet Rocketdyne Holdings during the 3rd quarter valued at $2,298,000. TD Asset Management Inc. bought a new stake in Aerojet Rocketdyne Holdings during the 3rd quarter valued at $941,000. Finally, American International Group Inc. boosted its position in Aerojet Rocketdyne Holdings by 5.7% during the 3rd quarter. American International Group Inc. now owns 55,492 shares of the aerospace company’s stock valued at $1,943,000 after acquiring an additional 3,004 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.
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.
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