JBF Capital Inc. Lowers Stake in Aerojet Rocketdyne Holdings Inc (AJRD)

JBF Capital Inc. lowered its stake in shares of Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) by 73.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 20,000 shares of the aerospace company’s stock after selling 54,500 shares during the period. JBF Capital Inc.’s holdings in Aerojet Rocketdyne were worth $680,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in Aerojet Rocketdyne by 27.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,550,475 shares of the aerospace company’s stock worth $104,703,000 after purchasing an additional 768,151 shares during the period. Dimensional Fund Advisors LP raised its position in Aerojet Rocketdyne by 5.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,418,630 shares of the aerospace company’s stock worth $71,326,000 after purchasing an additional 120,481 shares during the period. Eagle Asset Management Inc. raised its position in Aerojet Rocketdyne by 31.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 2,050,357 shares of the aerospace company’s stock worth $69,691,000 after purchasing an additional 489,725 shares during the period. Carillon Tower Advisers Inc. raised its position in Aerojet Rocketdyne by 40.5% in the 3rd quarter. Carillon Tower Advisers Inc. now owns 1,860,944 shares of the aerospace company’s stock worth $63,253,000 after purchasing an additional 536,697 shares during the period. Finally, Newport Trust Co purchased a new position in Aerojet Rocketdyne in the 3rd quarter worth $57,266,000.

A number of equities analysts recently commented on the stock. ValuEngine cut shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating in a research report on Monday, September 24th. Zacks Investment Research upgraded shares of Aerojet Rocketdyne from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Tuesday, October 23rd. Finally, SunTrust Banks lifted their target price on shares of Aerojet Rocketdyne from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday, August 21st.

In other Aerojet Rocketdyne news, Director Martin Turchin sold 5,000 shares of the firm’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $37.78, for a total value of $188,900.00. Following the sale, the director now owns 85,650 shares of the company’s stock, valued at approximately $3,235,857. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.20% of the stock is owned by company insiders.

Shares of Aerojet Rocketdyne stock opened at $35.22 on Tuesday. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 4.51 and a beta of 0.88. Aerojet Rocketdyne Holdings Inc has a 12-month low of $24.41 and a 12-month high of $38.92. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.24 and a current ratio of 1.24.

Aerojet Rocketdyne (NYSE:AJRD) last announced its quarterly earnings results on Tuesday, October 30th. The aerospace company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.13. The business had revenue of $497.20 million for the quarter, compared to analyst estimates of $479.64 million. Aerojet Rocketdyne had a net margin of 3.11% and a return on equity of 42.70%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 EPS. Research analysts expect that Aerojet Rocketdyne Holdings Inc will post 1.42 earnings per share for the current fiscal year.

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Aerojet Rocketdyne Profile

Aerojet Rocketdyne Holdings, Inc designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. The company operates through two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers aerospace and defense products and systems for the United States government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors.

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

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