OppenheimerFunds Inc. trimmed its position in Aerojet Rocketdyne Holdings (NYSE:AJRD) by 12.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,005 shares of the aerospace company’s stock after selling 5,550 shares during the quarter. OppenheimerFunds Inc. owned approximately 0.05% of Aerojet Rocketdyne worth $1,249,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Parametric Portfolio Associates LLC grew its stake in shares of Aerojet Rocketdyne by 13.0% in the second quarter. Parametric Portfolio Associates LLC now owns 59,416 shares of the aerospace company’s stock worth $1,236,000 after acquiring an additional 6,847 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Aerojet Rocketdyne by 347.0% during the third quarter. Nationwide Fund Advisors now owns 175,334 shares of the aerospace company’s stock valued at $6,138,000 after acquiring an additional 136,110 shares during the period. Aperio Group LLC bought a new position in shares of Aerojet Rocketdyne during the third quarter valued at $275,000. Principal Financial Group Inc. raised its holdings in shares of Aerojet Rocketdyne by 0.3% in the third quarter. Principal Financial Group Inc. now owns 578,611 shares of the aerospace company’s stock valued at $20,257,000 after buying an additional 1,838 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Aerojet Rocketdyne by 48.2% in the third quarter. BNP Paribas Arbitrage SA now owns 45,796 shares of the aerospace company’s stock valued at $1,603,000 after buying an additional 14,896 shares during the last quarter. Institutional investors own 97.76% of the company’s stock.
NYSE AJRD traded down $0.56 during trading on Friday, hitting $28.09. The stock had a trading volume of 533,964 shares, compared to its average volume of 833,384. Aerojet Rocketdyne Holdings has a 12 month low of $20.06 and a 12 month high of $36.25. The stock has a market capitalization of $2,107.31, a price-to-earnings ratio of 37.96, a PEG ratio of 5.08 and a beta of 1.03. The company has a debt-to-equity ratio of 5.78, a quick ratio of 1.48 and a current ratio of 1.71.
Aerojet Rocketdyne (NYSE:AJRD) last announced its quarterly earnings data on Wednesday, February 21st. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Aerojet Rocketdyne had a positive return on equity of 47.43% and a negative net margin of 0.49%. The company had revenue of $528.20 million for the quarter, compared to the consensus estimate of $540.35 million. During the same quarter in the prior year, the company earned $0.74 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. equities research analysts forecast that Aerojet Rocketdyne Holdings will post 1 EPS for the current year.
A number of research analysts recently issued reports on the company. ValuEngine raised Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a report on Monday. Zacks Investment Research raised Aerojet Rocketdyne from a “sell” rating to a “hold” rating in a report on Friday, March 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Aerojet Rocketdyne currently has an average rating of “Buy” and an average price target of $37.33.
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About Aerojet Rocketdyne
Aerojet Rocketdyne Holdings, Inc designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. The company operates through two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers aerospace and defense products and systems for the United States government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors.
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