Landscape Capital Management L.L.C. acquired a new position in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) during the fourth quarter, Holdings Channel reports. The fund acquired 10,126 shares of the aerospace company’s stock, valued at approximately $316,000.
Several other institutional investors also recently bought and sold shares of AJRD. Oppenheimer Asset Management Inc. acquired a new position in Aerojet Rocketdyne in the third quarter valued at approximately $101,000. IFP Advisors Inc lifted its stake in Aerojet Rocketdyne by 1,129.9% in the fourth quarter. IFP Advisors Inc now owns 3,542 shares of the aerospace company’s stock valued at $111,000 after buying an additional 3,254 shares during the period. Greenleaf Trust lifted its stake in Aerojet Rocketdyne by 97.2% in the fourth quarter. Greenleaf Trust now owns 4,300 shares of the aerospace company’s stock valued at $134,000 after buying an additional 2,120 shares during the period. SG Americas Securities LLC acquired a new position in Aerojet Rocketdyne in the third quarter valued at approximately $201,000. Finally, Ballentine Partners LLC acquired a new position in Aerojet Rocketdyne in the third quarter valued at approximately $210,000. 97.76% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research raised Aerojet Rocketdyne from a “sell” rating to a “hold” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Aerojet Rocketdyne currently has an average rating of “Buy” and a consensus target price of $37.33.
Aerojet Rocketdyne (NYSE:AJRD) last issued its quarterly earnings results on Wednesday, February 21st. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.12). Aerojet Rocketdyne had a negative net margin of 0.49% and a positive return on equity of 47.43%. The business had revenue of $528.20 million during the quarter, compared to analyst estimates of $540.35 million. During the same period last year, the firm posted $0.74 earnings per share. Aerojet Rocketdyne’s quarterly revenue was down .8% compared to the same quarter last year. equities research analysts anticipate that Aerojet Rocketdyne Holdings, Inc. will post 1.04 EPS for the current year.
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About Aerojet Rocketdyne
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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