Legal & General Group Plc Increases Position in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD)

Legal & General Group Plc boosted its stake in shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 8.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 have also recently modified their holdings of AJRD. Bank of New York Mellon Corp increased its stake in shares of Aerojet Rocketdyne Holdings by 32.1% in the first quarter. Bank of New York Mellon Corp now owns 1,012,535 shares of the aerospace company’s stock valued at $21,971,000 after buying an additional 246,070 shares in the last quarter. State Street Corp increased its stake in shares of Aerojet Rocketdyne Holdings by 18.5% in the fourth quarter. State Street Corp now owns 1,556,557 shares of the aerospace company’s stock valued at $27,943,000 after buying an additional 243,219 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Aerojet Rocketdyne Holdings by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,951,942 shares of the aerospace company’s stock valued at $35,037,000 after buying an additional 103,725 shares in the last quarter. Oxford Asset Management purchased a new stake in shares of Aerojet Rocketdyne Holdings during the first quarter valued at approximately $1,858,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Aerojet Rocketdyne Holdings during the first quarter valued at approximately $1,761,000. Institutional investors own 93.10% of the company’s stock.

Aerojet Rocketdyne Holdings, Inc. (AJRD) opened at 21.99 on Wednesday. Aerojet Rocketdyne Holdings, Inc. has a 52 week low of $16.04 and a 52 week high of $23.27. The stock has a market cap of $1.64 billion, a P/E ratio of 81.44 and a beta of 1.52. The stock has a 50 day moving average price of $21.11 and a 200-day moving average price of $20.36.

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Several analysts have recently commented on AJRD shares. Zacks Investment Research downgraded Aerojet Rocketdyne Holdings from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 11th. Jefferies Group LLC assumed coverage on Aerojet Rocketdyne Holdings in a research note on Friday, March 31st. They set a “buy” rating and a $28.00 price target for the company. Finally, BidaskClub downgraded Aerojet Rocketdyne Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th.

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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