Investors Purchase Large Volume of Aerojet Rocketdyne Put Options (AJRD)

Aerojet Rocketdyne Holdings (NYSE:AJRD) saw unusually large options trading activity on Tuesday. Investors acquired 500 put options on the stock. This represents an increase of approximately 862% compared to the average volume of 52 put options.

Shares of AJRD opened at $27.41 on Wednesday. Aerojet Rocketdyne has a fifty-two week low of $20.06 and a fifty-two week high of $36.25. The firm has a market capitalization of $1.95 billion, a P/E ratio of 37.04, a price-to-earnings-growth ratio of 4.84 and a beta of 1.03. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 3.47.

Aerojet Rocketdyne (NYSE:AJRD) last announced its quarterly earnings results on Tuesday, May 1st. The aerospace company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The business had revenue of $492.00 million during the quarter, compared to the consensus estimate of $417.68 million. Aerojet Rocketdyne had a positive return on equity of 46.38% and a negative net margin of 0.06%. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 EPS. analysts anticipate that Aerojet Rocketdyne will post 0.97 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System boosted its stake in Aerojet Rocketdyne by 6.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 32,300 shares of the aerospace company’s stock worth $1,008,000 after buying an additional 1,900 shares during the period. Rhumbline Advisers boosted its stake in Aerojet Rocketdyne by 1.5% during the first quarter. Rhumbline Advisers now owns 139,811 shares of the aerospace company’s stock worth $3,911,000 after buying an additional 2,070 shares during the period. Greenleaf Trust boosted its stake in 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 during the period. Swiss National Bank boosted its stake in Aerojet Rocketdyne by 2.3% during the first quarter. Swiss National Bank now owns 111,200 shares of the aerospace company’s stock worth $3,110,000 after buying an additional 2,500 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Aerojet Rocketdyne by 2.1% during the first quarter. Prudential Financial Inc. now owns 126,057 shares of the aerospace company’s stock worth $3,526,000 after buying an additional 2,650 shares during the period. 97.76% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Aerojet Rocketdyne from a “hold” rating to a “sell” rating in a research report on Friday, May 4th. ValuEngine upgraded shares of Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $37.33.

Aerojet Rocketdyne Company Profile

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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