State Board of Administration of Florida Retirement System Has $1,012,000 Stake in Aerojet Rocketdyne Holdings, Inc. (AJRD)

State Board of Administration of Florida Retirement System continued to hold its stake in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,386 shares of the aerospace company’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System owned approximately 0.08% of Aerojet Rocketdyne Holdings worth $1,012,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AJRD. Malaga Cove Capital LLC purchased a new position in shares of Aerojet Rocketdyne Holdings during the third quarter valued at approximately $591,000. California Public Employees Retirement System increased its position in shares of Aerojet Rocketdyne Holdings by 1.3% in the third quarter. California Public Employees Retirement System now owns 131,800 shares of the aerospace company’s stock valued at $2,317,000 after buying an additional 1,700 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Aerojet Rocketdyne Holdings by 11.4% in the third quarter. Great West Life Assurance Co. Can now owns 90,270 shares of the aerospace company’s stock valued at $1,587,000 after buying an additional 9,221 shares during the period. Texas Permanent School Fund increased its position in shares of Aerojet Rocketdyne Holdings by 7.8% in the third quarter. Texas Permanent School Fund now owns 53,021 shares of the aerospace company’s stock valued at $932,000 after buying an additional 3,856 shares during the period. Finally, Rothschild Asset Management Inc. boosted its position in shares of Aerojet Rocketdyne Holdings by 6.5% in the third quarter. Rothschild Asset Management Inc. now owns 829,992 shares of the aerospace company’s stock valued at $14,591,000 after buying an additional 50,936 shares in the last quarter. 93.22% of the stock is owned by institutional investors and hedge funds.

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

Shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) traded up 0.72% during midday trading on Friday, reaching $22.37. 365,459 shares of the company’s stock were exchanged. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 83.47 and a beta of 1.65. Aerojet Rocketdyne Holdings, Inc. has a 12-month low of $16.04 and a 12-month high of $22.99. The stock’s 50 day moving average price is $21.75 and its 200 day moving average price is $19.32.

Aerojet Rocketdyne Holdings (NYSE:AJRD) last released its earnings results on Wednesday, March 1st. The aerospace company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.10. Aerojet Rocketdyne Holdings had a net margin of 0.44% and a negative return on equity of 36.72%. The business earned $532.20 million during the quarter, compared to analyst estimates of $493.05 million. Equities analysts anticipate that Aerojet Rocketdyne Holdings, Inc. will post $0.88 earnings per share for the current fiscal year.

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Several brokerages recently issued reports on AJRD. Jefferies Group LLC began coverage on shares of Aerojet Rocketdyne Holdings in a research report on Friday, March 31st. They set a “buy” rating and a $28.00 price target 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, March 21st. Finally, SunTrust Banks, Inc. began coverage on shares of Aerojet Rocketdyne Holdings in a report on Thursday, January 19th. They issued a “buy” rating and a $23.00 price objective on the stock.

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.

5 Day Chart for NYSE:AJRD

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