Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Director Martin Turchin sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $30.73, for a total transaction of $307,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) opened at $30.59 on Thursday. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.66 and a quick ratio of 1.38. The company has a market cap of $2,252.25, a PE ratio of 36.57, a price-to-earnings-growth ratio of 6.49 and a beta of 1.41. Aerojet Rocketdyne Holdings, Inc. has a one year low of $17.56 and a one year high of $36.25.
Aerojet Rocketdyne (NYSE:AJRD) last posted its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.03). The firm had revenue of $484.00 million during the quarter, compared to analysts’ expectations of $487.48 million. Aerojet Rocketdyne had a net margin of 3.24% and a return on equity of 60.91%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. equities research analysts forecast that Aerojet Rocketdyne Holdings, Inc. will post 0.84 earnings per share for the current year.
A number of research firms recently weighed in on AJRD. BidaskClub lowered shares of Aerojet Rocketdyne from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 13th. Zacks Investment Research lowered shares of Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. SunTrust Banks restated a “buy” rating and issued a $40.00 target price on shares of Aerojet Rocketdyne in a report on Friday, November 3rd. CL King upgraded shares of Aerojet Rocketdyne from a “neutral” rating to a “buy” rating in a report on Friday, September 22nd. Finally, Jefferies Group lowered shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 target price on the stock. in a report on Monday, October 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Aerojet Rocketdyne presently has a consensus rating of “Buy” and a consensus price target of $35.33.
A number of large investors have recently bought and sold shares of AJRD. Wells Fargo & Company MN increased its stake in Aerojet Rocketdyne by 1,662.1% in the 3rd quarter. Wells Fargo & Company MN now owns 1,429,808 shares of the aerospace company’s stock valued at $50,059,000 after buying an additional 1,348,666 shares during the last quarter. BlackRock Inc. increased its stake in Aerojet Rocketdyne by 6.8% in the 2nd quarter. BlackRock Inc. now owns 10,372,466 shares of the aerospace company’s stock valued at $215,747,000 after buying an additional 659,778 shares during the last quarter. Mesirow Financial Investment Management Equity Management purchased a new stake in Aerojet Rocketdyne in the 3rd quarter valued at about $16,466,000. State Street Corp increased its stake in Aerojet Rocketdyne by 25.4% in the 2nd quarter. State Street Corp now owns 2,139,438 shares of the aerospace company’s stock valued at $44,504,000 after buying an additional 433,398 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Aerojet Rocketdyne by 42.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,440,290 shares of the aerospace company’s stock valued at $29,958,000 after buying an additional 427,755 shares during the last quarter. Hedge funds and other institutional investors own 97.59% of the company’s stock.
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Aerojet Rocketdyne Company 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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