Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Receives Consensus Rating of “Hold” from Brokerages

Share on StockTwits

Shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) have received an average rating of “Hold” from the eight research firms that are presently covering the stock, reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $52.83.

AJRD has been the topic of a number of recent analyst reports. Canaccord Genuity reduced their target price on Aerojet Rocketdyne from $56.00 to $51.00 and set a “hold” rating on the stock in a report on Monday. Jefferies Financial Group lowered Aerojet Rocketdyne from a “buy” rating to a “hold” rating and lifted their target price for the company from $55.00 to $56.00 in a research report on Thursday, January 7th. Finally, Truist lowered their price target on Aerojet Rocketdyne from $56.00 to $51.00 in a research report on Tuesday, April 27th.

Several hedge funds have recently bought and sold shares of AJRD. Manchester Financial Inc. increased its position in shares of Aerojet Rocketdyne by 256.0% during the first quarter. Manchester Financial Inc. now owns 1,335 shares of the aerospace company’s stock valued at $63,000 after acquiring an additional 960 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Aerojet Rocketdyne by 15.1% in the fourth quarter. US Bancorp DE now owns 1,478 shares of the aerospace company’s stock worth $78,000 after acquiring an additional 194 shares during the period. Veriti Management LLC bought a new stake in Aerojet Rocketdyne during the fourth quarter valued at $102,000. Penserra Capital Management LLC boosted its stake in Aerojet Rocketdyne by 18.0% during the fourth quarter. Penserra Capital Management LLC now owns 1,942 shares of the aerospace company’s stock valued at $102,000 after buying an additional 296 shares during the period. Finally, Whittier Trust Co. bought a new stake in Aerojet Rocketdyne during the first quarter worth about $153,000.

Shares of AJRD stock traded up $0.29 during trading hours on Tuesday, reaching $47.09. 1,196,272 shares of the company’s stock were exchanged, compared to its average volume of 1,151,268. Aerojet Rocketdyne has a fifty-two week low of $32.15 and a fifty-two week high of $53.53. The stock has a market capitalization of $3.77 billion, a P/E ratio of 30.94 and a beta of 0.49. The business has a fifty day moving average price of $47.57 and a 200-day moving average price of $46.28. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.47.

Aerojet Rocketdyne (NYSE:AJRD) last announced its quarterly earnings results on Sunday, April 25th. The aerospace company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.11). Aerojet Rocketdyne had a net margin of 6.26% and a return on equity of 19.05%. As a group, research analysts expect that Aerojet Rocketdyne will post 1.68 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. It operates in 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.

Read More: What are catch-up contributions?

Analyst Recommendations for Aerojet Rocketdyne (NYSE:AJRD)

Receive News & Ratings for Aerojet Rocketdyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aerojet Rocketdyne and related companies with's FREE daily email newsletter.