Trexquant Investment LP bought a new stake in Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 9,706 shares of the aerospace company’s stock, valued at approximately $330,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Meadow Creek Investment Management LLC boosted its stake in shares of Aerojet Rocketdyne by 15.4% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 11,116 shares of the aerospace company’s stock valued at $328,000 after purchasing an additional 1,484 shares during the last quarter. NumerixS Investment Technologies Inc raised its position in shares of Aerojet Rocketdyne by 28.7% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 7,720 shares of the aerospace company’s stock valued at $228,000 after acquiring an additional 1,720 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of Aerojet Rocketdyne by 801.6% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 3,877 shares of the aerospace company’s stock valued at $132,000 after acquiring an additional 3,447 shares during the period. American Century Companies Inc. raised its position in shares of Aerojet Rocketdyne by 1.5% in the 3rd quarter. American Century Companies Inc. now owns 252,104 shares of the aerospace company’s stock valued at $8,569,000 after acquiring an additional 3,751 shares during the period. Finally, JBF Capital Inc. raised its position in shares of Aerojet Rocketdyne by 5.7% in the 2nd quarter. JBF Capital Inc. now owns 74,500 shares of the aerospace company’s stock valued at $2,197,000 after acquiring an additional 4,000 shares during the period.
Shares of NYSE:AJRD opened at $34.13 on Friday. The company has a market capitalization of $2.69 billion, a P/E ratio of 46.12, a PEG ratio of 4.40 and a beta of 0.88. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.24 and a current ratio of 1.24. Aerojet Rocketdyne Holdings Inc has a fifty-two week low of $24.41 and a fifty-two week high of $38.92.
Aerojet Rocketdyne (NYSE:AJRD) last announced its quarterly earnings results on Tuesday, October 30th. The aerospace company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.13. The business had revenue of $497.20 million for the quarter, compared to the consensus estimate of $479.64 million. Aerojet Rocketdyne had a net margin of 3.11% and a return on equity of 42.70%. Aerojet Rocketdyne’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. On average, analysts forecast that Aerojet Rocketdyne Holdings Inc will post 1.42 EPS for the current fiscal year.
A number of analysts recently weighed in on AJRD shares. ValuEngine downgraded shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating in a research report on Monday, September 24th. Zacks Investment Research downgraded shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Finally, SunTrust Banks increased their price target on shares of Aerojet Rocketdyne from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Tuesday, August 21st.
In related news, Director Martin Turchin sold 5,000 shares of the stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $37.78, for a total value of $188,900.00. Following the sale, the director now directly owns 85,650 shares in the company, valued at approximately $3,235,857. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.20% of the company’s stock.
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Aerojet Rocketdyne Profile
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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