Aerojet Rocketdyne Holdings, Inc. (AJRD) Director Martin Turchin Sells 10,000 Shares

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Director Martin Turchin sold 10,000 shares of Aerojet Rocketdyne stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $30.73, for a total transaction of $307,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Aerojet Rocketdyne Holdings, Inc. (AJRD) traded down $0.90 during trading on Monday, reaching $30.29. 623,665 shares of the company’s stock traded hands, compared to its average volume of 601,206. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.38 and a current ratio of 1.66. The firm has a market capitalization of $2,342.37, a price-to-earnings ratio of 38.04, a price-to-earnings-growth ratio of 6.75 and a beta of 1.41. Aerojet Rocketdyne Holdings, Inc. has a 12-month low of $17.56 and a 12-month high of $36.25.

Aerojet Rocketdyne (NYSE:AJRD) last posted its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Aerojet Rocketdyne had a return on equity of 60.91% and a net margin of 3.24%. The firm had revenue of $484.00 million during the quarter, compared to analyst estimates of $487.48 million. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. analysts predict that Aerojet Rocketdyne Holdings, Inc. will post 0.84 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in Aerojet Rocketdyne by 79.0% in the 2nd quarter. Wells Fargo & Company MN now owns 81,142 shares of the aerospace company’s stock worth $1,688,000 after purchasing an additional 35,808 shares during the period. Legal & General Group Plc boosted its stake in Aerojet Rocketdyne by 10.1% in the 2nd quarter. Legal & General Group Plc now owns 140,654 shares of the aerospace company’s stock worth $2,925,000 after purchasing an additional 12,923 shares during the period. Vanguard Group Inc. boosted its stake in Aerojet Rocketdyne by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,740,974 shares of the aerospace company’s stock worth $77,813,000 after purchasing an additional 246,605 shares during the period. Walthausen & Co. LLC acquired a new position in Aerojet Rocketdyne in the 2nd quarter worth approximately $6,984,000. Finally, Dimensional Fund Advisors LP boosted its stake in Aerojet Rocketdyne by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,314 shares of the aerospace company’s stock worth $45,434,000 after purchasing an additional 121,334 shares during the period. 97.59% of the stock is owned by hedge funds and other institutional investors.

AJRD has been the topic of several recent research reports. SunTrust Banks restated a “buy” rating on shares of Aerojet Rocketdyne in a research report on Wednesday, September 27th. BidaskClub upgraded shares of Aerojet Rocketdyne from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 23rd. Zacks Investment Research lowered shares of Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Jefferies Group lowered shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 price target on the stock. in a research report on Monday, October 23rd. Finally, CL King upgraded shares of Aerojet Rocketdyne from a “neutral” rating to a “buy” rating in a research report on Friday, September 22nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $35.33.

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About Aerojet Rocketdyne

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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