Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) shares saw an uptick in trading volume on Thursday . 51,076 shares changed hands during mid-day trading, a decline of 92% from the previous session’s volume of 679,562 shares.The stock last traded at $36.47 and had previously closed at $35.32.
Several research firms have commented on AJRD. TheStreet raised Aerojet Rocketdyne from a “c+” rating to a “b” rating in a report on Friday, August 3rd. ValuEngine cut Aerojet Rocketdyne from a “buy” rating to a “hold” rating in a report on Monday, September 24th. Zacks Investment Research upgraded Aerojet Rocketdyne from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Tuesday, October 23rd. Finally, SunTrust Banks upped their price objective on Aerojet Rocketdyne from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Tuesday, August 21st.
The company has a market cap of $2.77 billion, a price-to-earnings ratio of 49.81, a P/E/G ratio of 5.06 and a beta of 0.90. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.24 and a quick ratio of 1.60.
Aerojet Rocketdyne (NYSE:AJRD) last released its quarterly earnings data on Tuesday, October 30th. The aerospace company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.13. Aerojet Rocketdyne had a return on equity of 42.70% and a net margin of 3.11%. The company had revenue of $497.20 million for the quarter, compared to analyst estimates of $479.64 million. During the same period in the prior year, the company posted $0.17 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts expect that Aerojet Rocketdyne Holdings Inc will post 1.55 EPS for the current year.
In other news, Director Martin Turchin sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $36.43, for a total value of $182,150.00. Following the sale, the director now directly owns 90,650 shares in the company, valued at approximately $3,302,379.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AJRD. Benjamin F. Edwards & Company Inc. grew its position in Aerojet Rocketdyne by 801.6% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 3,877 shares of the aerospace company’s stock worth $132,000 after acquiring an additional 3,447 shares during the last quarter. LS Investment Advisors LLC grew its position in Aerojet Rocketdyne by 99.3% during the 2nd quarter. LS Investment Advisors LLC now owns 4,556 shares of the aerospace company’s stock worth $134,000 after acquiring an additional 2,270 shares during the last quarter. Eidelman Virant Capital grew its position in Aerojet Rocketdyne by 298.5% during the 2nd quarter. Eidelman Virant Capital now owns 6,675 shares of the aerospace company’s stock worth $196,000 after acquiring an additional 5,000 shares during the last quarter. Seven Eight Capital LP bought a new stake in Aerojet Rocketdyne during the 3rd quarter worth approximately $207,000. Finally, WINTON GROUP Ltd bought a new stake in Aerojet Rocketdyne during the 3rd quarter worth approximately $222,000.
About Aerojet Rocketdyne (NYSE:AJRD)
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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