Two Sigma Investments LP Purchases Shares of 59,964 Aerojet Rocketdyne Holdings, Inc. (AJRD)

Two Sigma Investments LP acquired a new position in shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 59,964 shares of the aerospace company’s stock, valued at approximately $1,076,000. Two Sigma Investments LP owned about 0.09% of Aerojet Rocketdyne Holdings as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AJRD. Aperio Group LLC increased its position in shares of Aerojet Rocketdyne Holdings by 10.5% in the third quarter. Aperio Group LLC now owns 11,289 shares of the aerospace company’s stock worth $198,000 after buying an additional 1,072 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Aerojet Rocketdyne Holdings during the third quarter valued at approximately $219,000. Municipal Employees Retirement System of Michigan increased its stake in Aerojet Rocketdyne Holdings by 8.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 15,290 shares of the aerospace company’s stock valued at $269,000 after buying an additional 1,250 shares in the last quarter. Advisor Group Inc. acquired a new stake in Aerojet Rocketdyne Holdings during the third quarter valued at approximately $445,000. Finally, Wells Fargo & Company MN increased its stake in Aerojet Rocketdyne Holdings by 23.6% in the third quarter. Wells Fargo & Company MN now owns 26,417 shares of the aerospace company’s stock valued at $464,000 after buying an additional 5,049 shares in the last quarter. 93.22% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) traded up 0.45% during mid-day trading on Friday, hitting $22.31. 452,016 shares of the stock were exchanged. Aerojet Rocketdyne Holdings, Inc. has a 12-month low of $16.04 and a 12-month high of $22.99. The firm has a 50-day moving average price of $21.75 and a 200 day moving average price of $19.32. The company has a market capitalization of $1.67 billion, a PE ratio of 83.25 and a beta of 1.65.

Aerojet Rocketdyne Holdings (NYSE:AJRD) last announced its quarterly earnings data on Wednesday, March 1st. The aerospace company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.10. The firm had revenue of $532.20 million for the quarter, compared to analysts’ expectations of $493.05 million. Aerojet Rocketdyne Holdings had a net margin of 0.44% and a negative return on equity of 36.72%. On average, equities research analysts expect that Aerojet Rocketdyne Holdings, Inc. will post $0.88 earnings per share for the current year.

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Several analysts have commented on the stock. Jefferies Group LLC assumed coverage on shares of Aerojet Rocketdyne Holdings in a research report on Friday, March 31st. They issued a “buy” rating and a $28.00 target price for the company. Zacks Investment Research raised 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. assumed coverage on shares of Aerojet Rocketdyne Holdings in a research report on Thursday, January 19th. They issued a “buy” rating and a $23.00 target price for the company.

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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