Legal & General Group Plc Has $2.77 Million Stake in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD)

Legal & General Group Plc raised its position in shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 8.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 127,731 shares of the aerospace company’s stock after buying an additional 10,010 shares during the period. Legal & General Group Plc’s holdings in Aerojet Rocketdyne Holdings were worth $2,773,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC bought a new stake in Aerojet Rocketdyne Holdings during the first quarter worth about $100,000. Ameritas Investment Partners Inc. bought a new stake in Aerojet Rocketdyne Holdings during the first quarter worth about $112,000. Glen Harbor Capital Management LLC increased its stake in Aerojet Rocketdyne Holdings by 10.6% in the first quarter. Glen Harbor Capital Management LLC now owns 5,338 shares of the aerospace company’s stock worth $116,000 after buying an additional 510 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Aerojet Rocketdyne Holdings by 9.7% in the first quarter. State of Alaska Department of Revenue now owns 8,260 shares of the aerospace company’s stock worth $179,000 after buying an additional 730 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in Aerojet Rocketdyne Holdings by 231.8% in the first quarter. Quantbot Technologies LP now owns 14,910 shares of the aerospace company’s stock worth $323,000 after buying an additional 10,416 shares in the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Aerojet Rocketdyne Holdings, Inc. (NYSE AJRD) traded up 14.27% on Friday, reaching $27.22. 2,239,832 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $21.94 and a 200 day moving average price of $21.10. Aerojet Rocketdyne Holdings, Inc. has a 12-month low of $16.04 and a 12-month high of $27.49. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 100.81 and a beta of 1.53.

Aerojet Rocketdyne Holdings (NYSE:AJRD) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.17. The business had revenue of $459.60 million during the quarter, compared to the consensus estimate of $433.71 million. Aerojet Rocketdyne Holdings had a return on equity of 360.33% and a net margin of 2.00%. The business’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 EPS. Analysts forecast that Aerojet Rocketdyne Holdings, Inc. will post $0.74 EPS for the current year.

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Several analysts have weighed in on the stock. BidaskClub raised shares of Aerojet Rocketdyne Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research downgraded shares of Aerojet Rocketdyne Holdings from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 11th.

About Aerojet Rocketdyne Holdings

GenCorp Inc, incorporated in 1915, is a manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets. The Company develops and manufactures propulsion systems for defense and space applications, and armaments for precision tactical and long range weapon systems applications.

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

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