Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) has been given an average broker rating score of 1.75 (Buy) from the four brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company.
Brokers have set a 12 month consensus price objective of $36.33 for the company and are forecasting that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also assigned Aerojet Rocketdyne an industry rank of 81 out of 265 based on the ratings given to its competitors.
A number of analysts recently commented on AJRD shares. Zacks Investment Research raised Aerojet Rocketdyne from a “hold” rating to a “strong-buy” rating and set a $37.00 price target for the company in a research report on Wednesday, January 10th. SunTrust Banks reaffirmed a “buy” rating and set a $40.00 price target on shares of Aerojet Rocketdyne in a research report on Friday, November 3rd. BidaskClub downgraded Aerojet Rocketdyne from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, Jefferies Group downgraded Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 price target for the company. in a research report on Monday, October 23rd.
In other Aerojet Rocketdyne news, Director Martin Turchin sold 10,000 shares of the firm’s stock in a transaction on 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James H. Perry sold 25,001 shares of the firm’s stock in a transaction 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 directly owns 166,959 shares of the company’s stock, valued at $5,008,770. The disclosure for this sale can be found here. Insiders have sold 88,235 shares of company stock valued at $2,652,753 over the last ninety days. 2.70% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Aerojet Rocketdyne by 6.8% in the second quarter. BlackRock Inc. now owns 10,372,466 shares of the aerospace company’s stock worth $215,747,000 after buying an additional 659,778 shares during the last quarter. Vanguard Group Inc. increased its position in Aerojet Rocketdyne by 7.1% in the second quarter. Vanguard Group Inc. now owns 3,740,974 shares of the aerospace company’s stock worth $77,813,000 after buying an additional 246,605 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Aerojet Rocketdyne by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,218,990 shares of the aerospace company’s stock worth $77,687,000 after buying an additional 34,676 shares during the last quarter. State Street Corp increased its position in Aerojet Rocketdyne by 25.4% in the second quarter. State Street Corp now owns 2,139,438 shares of the aerospace company’s stock worth $44,504,000 after buying an additional 433,398 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Aerojet Rocketdyne by 2.9% in the second quarter. Renaissance Technologies LLC now owns 1,809,895 shares of the aerospace company’s stock worth $37,646,000 after buying an additional 51,600 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.
Aerojet Rocketdyne (AJRD) traded up $0.15 during mid-day trading on Tuesday, hitting $31.27. The stock had a trading volume of 687,021 shares, compared to its average volume of 495,258. Aerojet Rocketdyne has a 52 week low of $17.69 and a 52 week high of $36.25. The company has a quick ratio of 1.38, a current ratio of 1.66 and a debt-to-equity ratio of 3.94. The company has a market capitalization of $2,348.38, a price-to-earnings ratio of 38.13, a PEG ratio of 4.75 and a beta of 1.41.
Aerojet Rocketdyne (NYSE:AJRD) last posted its earnings results on Thursday, November 2nd. The aerospace company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.03). Aerojet Rocketdyne had a net margin of 3.24% and a return on equity of 60.91%. The company had revenue of $484.00 million during the quarter, compared to the consensus estimate of $487.48 million. The business’s revenue was up 4.3% compared to the same quarter last year. research analysts expect that Aerojet Rocketdyne will post 0.84 EPS for the current year.
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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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