Martin Turchin Sells 10,000 Shares of Aerojet Rocketdyne Holdings, Inc. (AJRD) Stock

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Director Martin Turchin sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $30.73, for a total transaction of $307,300.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Aerojet Rocketdyne Holdings, Inc. (AJRD) opened at $29.99 on Wednesday. The firm has a market capitalization of $2,274.78, a PE ratio of 36.94, a price-to-earnings-growth ratio of 6.56 and a beta of 1.41. Aerojet Rocketdyne Holdings, Inc. has a twelve month low of $17.56 and a twelve month high of $36.25. The company has a current ratio of 1.66, a quick ratio of 1.38 and a debt-to-equity ratio of 3.94.

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

AJRD has been the topic of several research reports. Zacks Investment Research upgraded shares of Aerojet Rocketdyne from a “sell” rating to a “hold” rating and set a $31.00 price target on the stock in a research report on Tuesday, August 8th. BidaskClub upgraded shares of Aerojet Rocketdyne from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. CL King upgraded shares of Aerojet Rocketdyne from a “neutral” rating to a “buy” rating in a research report on Friday, September 22nd. SunTrust Banks reiterated a “buy” rating on shares of Aerojet Rocketdyne in a research report on Wednesday, September 27th. Finally, Jefferies Group downgraded shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 price target on the stock. in a research report on Monday, October 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $35.33.

Large investors have recently made changes to their positions in the business. Wells Fargo & Company MN raised its holdings in Aerojet Rocketdyne by 79.0% during the 2nd quarter. Wells Fargo & Company MN now owns 81,142 shares of the aerospace company’s stock worth $1,688,000 after purchasing an additional 35,808 shares during the last quarter. Legal & General Group Plc raised its holdings in Aerojet Rocketdyne by 10.1% during the 2nd quarter. Legal & General Group Plc now owns 140,654 shares of the aerospace company’s stock worth $2,925,000 after purchasing an additional 12,923 shares during the last quarter. Vanguard Group Inc. raised its holdings in Aerojet Rocketdyne by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,740,974 shares of the aerospace company’s stock worth $77,813,000 after purchasing an additional 246,605 shares during the last quarter. Walthausen & Co. LLC bought a new stake in Aerojet Rocketdyne during the 2nd quarter worth about $6,984,000. Finally, Dimensional Fund Advisors LP raised its holdings in Aerojet Rocketdyne by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,314 shares of the aerospace company’s stock worth $45,434,000 after purchasing an additional 121,334 shares during the last quarter. 97.59% of the stock is owned by hedge funds and other institutional investors.

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About Aerojet Rocketdyne

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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