Legal & General Group Plc lifted its position in Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 161,784 shares of the aerospace company’s stock after buying an additional 414 shares during the quarter. Legal & General Group Plc owned approximately 0.21% of Aerojet Rocketdyne worth $5,498,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in shares of Aerojet Rocketdyne by 652.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 74,053 shares of the aerospace company’s stock worth $2,184,000 after acquiring an additional 64,214 shares in the last quarter. Waddell & Reed Financial Inc. acquired a new position in shares of Aerojet Rocketdyne during the 2nd quarter worth about $7,081,000. Pacer Advisors Inc. acquired a new position in shares of Aerojet Rocketdyne during the 3rd quarter worth about $360,000. Paloma Partners Management Co acquired a new position in shares of Aerojet Rocketdyne during the 3rd quarter worth about $1,763,000. Finally, We Are One Seven LLC acquired a new position in shares of Aerojet Rocketdyne during the 3rd quarter worth about $455,000.
AJRD has been the subject of several analyst reports. ValuEngine cut Aerojet Rocketdyne from a “buy” rating to a “hold” rating in a research report on Monday, September 24th. Zacks Investment Research cut Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 2nd.
NYSE:AJRD opened at $36.64 on Friday. The stock has a market cap of $2.79 billion, a PE ratio of 49.51, a price-to-earnings-growth ratio of 4.45 and a beta of 0.77. Aerojet Rocketdyne Holdings Inc has a 1 year low of $24.41 and a 1 year high of $38.92. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.90.
Aerojet Rocketdyne (NYSE:AJRD) last announced its earnings results on Tuesday, October 30th. The aerospace company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.13. The firm had revenue of $497.20 million during the quarter, compared to analysts’ expectations of $479.64 million. Aerojet Rocketdyne had a return on equity of 42.70% and a net margin of 3.11%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 EPS. As a group, research analysts forecast that Aerojet Rocketdyne Holdings Inc will post 1.42 earnings per share for the current year.
In related news, Director Martin Turchin sold 5,000 shares of the company’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $37.78, for a total value of $188,900.00. Following the completion of the sale, the director now directly owns 85,650 shares of the company’s stock, valued at approximately $3,235,857. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.20% of the stock is owned by corporate insiders.
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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