Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) Director Thomas A. Corcoran sold 10,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $48.94, for a total value of $489,400.00. Following the transaction, the director now directly owns 4,032 shares in the company, valued at $197,326.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
AJRD stock opened at $48.55 on Friday. Aerojet Rocketdyne Holdings Inc has a fifty-two week low of $29.40 and a fifty-two week high of $50.99. The business’s 50-day moving average is $46.04 and its two-hundred day moving average is $39.27. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 4.67 and a beta of 0.55.
Aerojet Rocketdyne (NYSE:AJRD) last posted its earnings results on Wednesday, July 31st. The aerospace company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. Aerojet Rocketdyne had a return on equity of 30.58% and a net margin of 8.95%. The company had revenue of $485.00 million for the quarter, compared to the consensus estimate of $473.98 million. During the same quarter in the prior year, the company earned $0.45 earnings per share. Aerojet Rocketdyne’s revenue was up 3.8% on a year-over-year basis. Equities analysts predict that Aerojet Rocketdyne Holdings Inc will post 1.9 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC raised its stake in shares of Aerojet Rocketdyne by 1.7% in the second quarter. AQR Capital Management LLC now owns 19,191 shares of the aerospace company’s stock worth $859,000 after buying an additional 313 shares during the period. Arizona State Retirement System raised its stake in shares of Aerojet Rocketdyne by 0.3% in the first quarter. Arizona State Retirement System now owns 111,254 shares of the aerospace company’s stock worth $3,953,000 after buying an additional 319 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Aerojet Rocketdyne by 1.3% in the second quarter. State of Alaska Department of Revenue now owns 24,631 shares of the aerospace company’s stock worth $1,102,000 after buying an additional 321 shares during the period. TD Asset Management Inc. raised its stake in shares of Aerojet Rocketdyne by 0.7% in the second quarter. TD Asset Management Inc. now owns 54,579 shares of the aerospace company’s stock worth $2,444,000 after buying an additional 400 shares during the period. Finally, USA Financial Portformulas Corp raised its stake in shares of Aerojet Rocketdyne by 8.3% in the second quarter. USA Financial Portformulas Corp now owns 5,241 shares of the aerospace company’s stock worth $186,000 after buying an additional 403 shares during the period.
A number of research analysts have weighed in on AJRD shares. ValuEngine raised Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a report on Thursday, June 13th. SunTrust Banks increased their target price on Aerojet Rocketdyne to $55.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Zacks Investment Research raised Aerojet Rocketdyne from a “sell” rating to a “hold” rating and set a $52.00 target price on the stock in a report on Friday, August 2nd. Finally, Canaccord Genuity started coverage on Aerojet Rocketdyne in a report on Friday, June 28th. They issued a “buy” rating and a $50.00 target price on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $52.33.
Aerojet Rocketdyne Company 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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