Aerojet Rocketdyne Holdings, Inc. (AJRD) Director Sells $1,595,422.98 in Stock

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Director James R. Henderson sold 53,234 shares of Aerojet Rocketdyne Holdings stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $29.97, for a total transaction of $1,595,422.98. Following the completion of the sale, the director now owns 113,341 shares in the company, valued at $3,396,829.77. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Aerojet Rocketdyne Holdings, Inc. (AJRD) opened at $28.87 on Thursday. Aerojet Rocketdyne Holdings, Inc. has a 52-week low of $17.56 and a 52-week high of $36.25. The company has a market cap of $2,188.41, a PE ratio of 35.54, a price-to-earnings-growth ratio of 6.31 and a beta of 1.43. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.38 and a current ratio of 1.66.

Aerojet Rocketdyne Holdings (NYSE:AJRD) last released its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Aerojet Rocketdyne Holdings had a return on equity of 60.91% and a net margin of 3.24%. The company had revenue of $484.00 million for the quarter, compared to the consensus estimate of $487.48 million. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. sell-side analysts anticipate that Aerojet Rocketdyne Holdings, Inc. will post 0.84 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in AJRD. Oppenheimer Asset Management Inc. bought a new stake in shares of Aerojet Rocketdyne Holdings in the 3rd quarter worth approximately $101,000. Ameritas Investment Partners Inc. raised its holdings in shares of Aerojet Rocketdyne Holdings by 18.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,071 shares of the aerospace company’s stock worth $126,000 after purchasing an additional 925 shares in the last quarter. Fortaleza Asset Management Inc. bought a new stake in shares of Aerojet Rocketdyne Holdings in the 3rd quarter worth approximately $136,000. Advisor Group Inc. raised its holdings in shares of Aerojet Rocketdyne Holdings by 0.4% in the 2nd quarter. Advisor Group Inc. now owns 8,644 shares of the aerospace company’s stock worth $180,000 after purchasing an additional 35 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Aerojet Rocketdyne Holdings in the 3rd quarter worth approximately $201,000. Institutional investors and hedge funds own 93.04% of the company’s stock.

A number of analysts have commented on AJRD shares. SunTrust Banks, Inc. restated a “buy” rating on shares of Aerojet Rocketdyne Holdings in a research report on Wednesday, September 27th. Zacks Investment Research downgraded shares of Aerojet Rocketdyne Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Jefferies Group LLC downgraded shares of Aerojet Rocketdyne Holdings from a “buy” rating to a “hold” rating and set a $35.00 price target on the stock. in a research report on Monday, October 23rd. BidaskClub upgraded shares of Aerojet Rocketdyne Holdings from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 23rd. Finally, CL King upgraded shares of Aerojet Rocketdyne Holdings from a “neutral” rating to a “buy” rating in a research report on Friday, September 22nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $35.33.

Aerojet Rocketdyne Holdings 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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