Rhumbline Advisers increased its stake in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 2.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 137,741 shares of the aerospace company’s stock after acquiring an additional 3,750 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of Aerojet Rocketdyne worth $4,298,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new stake in Aerojet Rocketdyne in the 3rd quarter worth $101,000. IFP Advisors Inc increased its holdings in Aerojet Rocketdyne by 1,129.9% in the 4th quarter. IFP Advisors Inc now owns 3,542 shares of the aerospace company’s stock worth $111,000 after acquiring an additional 3,254 shares in the last quarter. Greenleaf Trust grew its holdings in shares of Aerojet Rocketdyne by 97.2% during the fourth quarter. Greenleaf Trust now owns 4,300 shares of the aerospace company’s stock worth $134,000 after buying an additional 2,120 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Aerojet Rocketdyne during the third quarter worth $201,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Aerojet Rocketdyne during the third quarter worth $210,000. 97.76% of the stock is owned by institutional investors.
Shares of Aerojet Rocketdyne stock traded down $0.30 during mid-day trading on Monday, hitting $26.96. 263,658 shares of the stock traded hands, compared to its average volume of 889,777. The company has a debt-to-equity ratio of 5.78, a quick ratio of 1.48 and a current ratio of 1.71. The firm has a market cap of $2,047.23, a PE ratio of -194.71, a price-to-earnings-growth ratio of 4.77 and a beta of 1.10. Aerojet Rocketdyne Holdings, Inc. has a 1 year low of $20.06 and a 1 year high of $36.25.
Aerojet Rocketdyne (NYSE:AJRD) last announced its quarterly earnings results on Wednesday, February 21st. The aerospace company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.12). The firm had revenue of $528.20 million for the quarter, compared to analyst estimates of $540.35 million. Aerojet Rocketdyne had a negative net margin of 0.49% and a positive return on equity of 47.43%. The company’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 EPS. analysts expect that Aerojet Rocketdyne Holdings, Inc. will post 1.04 EPS for the current fiscal year.
Separately, Zacks Investment Research raised shares of Aerojet Rocketdyne from a “hold” rating to a “strong-buy” rating and set a $37.00 target price for the company in a report on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $37.33.
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Aerojet Rocketdyne 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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