Parametric Portfolio Associates LLC increased its stake in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 5.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,569 shares of the aerospace company’s stock after buying an additional 2,728 shares during the period. Parametric Portfolio Associates LLC’s holdings in Aerojet Rocketdyne Holdings were worth $1,141,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Acrospire Investment Management LLC bought a new position in shares of Aerojet Rocketdyne Holdings during the first quarter valued at $100,000. Glen Harbor Capital Management LLC raised 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 valued at $116,000 after buying an additional 510 shares in the last quarter. State of Alaska Department of Revenue raised 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 valued at $179,000 after buying an additional 730 shares in the last quarter. National Investment Services Inc. WI acquired a new stake in Aerojet Rocketdyne Holdings during the first quarter valued at approximately $346,000. Finally, Algert Global LLC acquired a new stake in Aerojet Rocketdyne Holdings during the first quarter valued at approximately $571,000. Institutional investors own 93.41% of the company’s stock.
Aerojet Rocketdyne Holdings, Inc. (NYSE AJRD) traded down 0.33% during mid-day trading on Tuesday, hitting $26.97. 558,389 shares of the stock traded hands. The stock has a 50 day moving average price of $22.25 and a 200 day moving average price of $21.18. The firm has a market cap of $2.01 billion, a PE ratio of 99.89 and a beta of 1.53. Aerojet Rocketdyne Holdings, Inc. has a 12-month low of $16.04 and a 12-month high of $27.49.
Aerojet Rocketdyne Holdings (NYSE:AJRD) last released its earnings results on Thursday, August 3rd. The aerospace company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.17. Aerojet Rocketdyne Holdings had a net margin of 2.00% and a return on equity of 153.06%. The business had revenue of $459.60 million for the quarter, compared to the consensus estimate of $433.71 million. During the same period in the previous year, the firm earned $0.09 EPS. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts expect that Aerojet Rocketdyne Holdings, Inc. will post $0.86 earnings per share for the current fiscal year.
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Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Aerojet Rocketdyne Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub lowered shares of Aerojet Rocketdyne Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th.
Aerojet Rocketdyne Holdings Company Profile
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.
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