Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) has earned an average recommendation of “Buy” from the seven research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $36.33.
AJRD has been the subject of several analyst reports. TheStreet upgraded shares of Aerojet Rocketdyne from a “c+” rating to a “b” rating in a research report on Friday, August 3rd. Zacks Investment Research upgraded shares of Aerojet Rocketdyne from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd.
In related news, Director James H. Perry sold 25,225 shares of Aerojet Rocketdyne stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $34.33, for a total transaction of $865,974.25. Following the sale, the director now directly owns 113,140 shares of the company’s stock, valued at approximately $3,884,096.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Bray Capital Advisors bought a new stake in shares of Aerojet Rocketdyne during the 1st quarter valued at approximately $107,000. LS Investment Advisors LLC grew its holdings 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 holdings 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. NumerixS Investment Technologies Inc grew its holdings in Aerojet Rocketdyne by 28.7% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 7,720 shares of the aerospace company’s stock worth $228,000 after acquiring an additional 1,720 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in Aerojet Rocketdyne by 42.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,995 shares of the aerospace company’s stock worth $281,000 after acquiring an additional 2,683 shares during the last quarter.
Shares of Aerojet Rocketdyne traded up $0.43, hitting $36.26, during midday trading on Friday, MarketBeat.com reports. The stock had a trading volume of 659,852 shares, compared to its average volume of 1,026,910. The stock has a market capitalization of $2.71 billion, a PE ratio of 49.00, a PEG ratio of 5.13 and a beta of 1.17. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 2.64. Aerojet Rocketdyne has a fifty-two week low of $24.41 and a fifty-two week high of $36.58.
Aerojet Rocketdyne (NYSE:AJRD) last issued its earnings results on Monday, July 30th. The aerospace company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.27 by $0.18. The company had revenue of $467.20 million during the quarter, compared to analysts’ expectations of $457.41 million. Aerojet Rocketdyne had a net margin of 0.48% and a return on equity of 46.03%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 EPS. research analysts predict that Aerojet Rocketdyne will post 1.27 EPS for the current fiscal year.
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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