JPMorgan Chase & Co. lifted its position in Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) by 151.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 365,756 shares of the aerospace company’s stock after acquiring an additional 220,428 shares during the quarter. JPMorgan Chase & Co.’s holdings in Aerojet Rocketdyne were worth $10,230,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Bray Capital Advisors bought a new stake in shares of Aerojet Rocketdyne in the first quarter valued at about $107,000. Virtu Financial LLC bought a new stake in shares of Aerojet Rocketdyne in the fourth quarter valued at about $245,000. Crossmark Global Holdings Inc. bought a new stake in shares of Aerojet Rocketdyne in the fourth quarter valued at about $250,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Aerojet Rocketdyne by 42.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,995 shares of the aerospace company’s stock valued at $281,000 after acquiring an additional 2,683 shares in the last quarter. Finally, South Dakota Investment Council bought a new stake in shares of Aerojet Rocketdyne in the first quarter valued at about $310,000. Hedge funds and other institutional investors own 97.76% of the company’s stock.
A number of equities analysts have commented on the stock. ValuEngine upgraded shares of Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research downgraded shares of Aerojet Rocketdyne from a “hold” rating to a “sell” rating in a report on Friday, May 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $37.33.
Shares of Aerojet Rocketdyne stock opened at $29.20 on Friday. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 5.53 and a beta of 1.03. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 3.47. Aerojet Rocketdyne Holdings Inc has a one year low of $20.17 and a one year high of $36.25.
Aerojet Rocketdyne (NYSE:AJRD) last announced its earnings results on Tuesday, May 1st. The aerospace company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). The firm 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 business’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 earnings per share. sell-side analysts anticipate that Aerojet Rocketdyne Holdings Inc will post 0.97 EPS for the current year.
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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