Mason Street Advisors LLC Has $1.24 Million Stock Position in Aerojet Rocketdyne Holdings Inc (NYSE:AJRD)

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Mason Street Advisors LLC raised its position in shares of Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) by 1.8% in the 3rd quarter, Holdings Channel reports. The firm owned 24,578 shares of the aerospace company’s stock after acquiring an additional 424 shares during the period. Mason Street Advisors LLC’s holdings in Aerojet Rocketdyne were worth $1,241,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AJRD. NEXT Financial Group Inc bought a new stake in shares of Aerojet Rocketdyne during the second quarter worth $43,000. Quantamental Technologies LLC bought a new stake in shares of Aerojet Rocketdyne in the second quarter worth $73,000. NumerixS Investment Technologies Inc bought a new stake in shares of Aerojet Rocketdyne in the second quarter worth $76,000. Point72 Hong Kong Ltd bought a new stake in shares of Aerojet Rocketdyne in the second quarter worth $76,000. Finally, First Mercantile Trust Co. bought a new stake in shares of Aerojet Rocketdyne in the third quarter worth $109,000.

Shares of Aerojet Rocketdyne stock opened at $44.11 on Monday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.71. Aerojet Rocketdyne Holdings Inc has a twelve month low of $30.11 and a twelve month high of $52.84. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 22.85, a P/E/G ratio of 4.69 and a beta of 0.38. The company’s fifty day moving average is $46.56 and its 200 day moving average is $44.97.

Aerojet Rocketdyne (NYSE:AJRD) last issued its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.09). The firm had revenue of $481.80 million for the quarter, compared to the consensus estimate of $505.47 million. Aerojet Rocketdyne had a net margin of 7.34% and a return on equity of 27.14%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.42 EPS. As a group, equities analysts anticipate that Aerojet Rocketdyne Holdings Inc will post 1.71 earnings per share for the current fiscal year.

Several brokerages recently weighed in on AJRD. SunTrust Banks boosted their price objective on shares of Aerojet Rocketdyne to $55.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. began coverage on shares of Aerojet Rocketdyne in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $52.00 price objective on the stock. ValuEngine raised shares of Aerojet Rocketdyne from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Zacks Investment Research raised shares of Aerojet Rocketdyne from a “sell” rating to a “hold” rating and set a $52.00 price objective on the stock in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $52.25.

In other Aerojet Rocketdyne news, CEO Eileen P. Drake sold 38,656 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $52.07, for a total transaction of $2,012,817.92. Following the sale, the chief executive officer now owns 358,271 shares of the company’s stock, valued at $18,655,170.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

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.

See Also: Book Value Per Share – BVPS

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Institutional Ownership by Quarter for Aerojet Rocketdyne (NYSE:AJRD)

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