Russell Investments Group Ltd. Invests $360,000 in Aerojet Rocketdyne Holdings, Inc. (AJRD)

Russell Investments Group Ltd. bought a new position in shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,275 shares of the aerospace company’s stock, valued at approximately $360,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Fortaleza Asset Management Inc. bought a new stake in shares of Aerojet Rocketdyne during the third quarter worth $136,000. Ballentine Partners LLC bought a new stake in shares of Aerojet Rocketdyne during the third quarter worth $210,000. Ameritas Investment Partners Inc. raised its position in shares of Aerojet Rocketdyne by 18.0% during the second quarter. Ameritas Investment Partners Inc. now owns 6,071 shares of the aerospace company’s stock worth $126,000 after acquiring an additional 925 shares during the last quarter. Aperio Group LLC bought a new stake in shares of Aerojet Rocketdyne during the third quarter worth $275,000. Finally, Advisor Group Inc. raised its position in shares of Aerojet Rocketdyne by 0.4% during the second quarter. Advisor Group Inc. now owns 8,644 shares of the aerospace company’s stock worth $180,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 97.76% of the company’s stock.

In other Aerojet Rocketdyne news, Director Martin Turchin sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $30.73, for a total value of $307,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James R. Henderson sold 53,234 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $29.97, for a total value of $1,595,422.98. Following the completion of the transaction, the director now directly owns 113,341 shares of the company’s stock, valued at $3,396,829.77. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,235 shares of company stock valued at $2,652,753. 2.70% of the stock is owned by insiders.

Shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) opened at $31.14 on Friday. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.38 and a current ratio of 1.66. Aerojet Rocketdyne Holdings, Inc. has a 52 week low of $17.69 and a 52 week high of $36.25. The company has a market capitalization of $2,338.61, a price-to-earnings ratio of 37.98, a P/E/G ratio of 5.18 and a beta of 1.41.

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

AJRD has been the subject of a number of analyst reports. Jefferies Group cut Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 price objective for the company. in a research note on Monday, October 23rd. BidaskClub cut Aerojet Rocketdyne from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. SunTrust Banks reaffirmed a “buy” rating and set a $40.00 price objective on shares of Aerojet Rocketdyne in a research note on Friday, November 3rd. Zacks Investment Research cut Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, CL King raised Aerojet Rocketdyne from a “neutral” rating to a “buy” rating in a research note on Friday, September 22nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $37.00.

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

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