Aerojet Rocketdyne (NYSE:AJRD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday, March 9th.
According to Zacks, “Aerojet Rocketdyne Holdings, Inc. focuses on developing military, civil and commercial systems and components for the aerospace and defense industry markets. Aerojet Rocketdyne Holdings, Inc., formerly known as GenCorp, Inc., is headquartered in Sacramento, California. “
Shares of AJRD traded up $0.05 during midday trading on Friday, reaching $28.02. The stock had a trading volume of 928,494 shares, compared to its average volume of 849,821. Aerojet Rocketdyne has a 12-month low of $20.06 and a 12-month high of $36.25. The company has a current ratio of 1.71, a quick ratio of 1.48 and a debt-to-equity ratio of 5.78. The stock has a market capitalization of $2,100.55, a P/E ratio of 37.86, a PEG ratio of 4.89 and a beta of 1.02.
Aerojet Rocketdyne (NYSE:AJRD) last released its earnings results on Wednesday, February 21st. The aerospace company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12). Aerojet Rocketdyne had a negative net margin of 0.49% and a positive return on equity of 47.43%. The company had revenue of $528.20 million during the quarter, compared to the consensus estimate of $540.35 million. During the same period last year, the firm posted $0.74 EPS. The company’s revenue was down .8% on a year-over-year basis. equities research analysts predict that Aerojet Rocketdyne will post 1.04 EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. purchased a new stake in shares of Aerojet Rocketdyne in the 3rd quarter worth approximately $101,000. IFP Advisors Inc boosted its stake in Aerojet Rocketdyne by 1,129.9% during the 4th quarter. IFP Advisors Inc now owns 3,542 shares of the aerospace company’s stock valued at $111,000 after purchasing an additional 3,254 shares during the last quarter. Greenleaf Trust boosted its stake in Aerojet Rocketdyne by 97.2% during the 4th quarter. Greenleaf Trust now owns 4,300 shares of the aerospace company’s stock valued at $134,000 after purchasing an additional 2,120 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Aerojet Rocketdyne during the 3rd quarter valued at $201,000. Finally, Ballentine Partners LLC purchased a new stake in Aerojet Rocketdyne during the 3rd quarter valued at $210,000. Institutional investors own 97.76% of the company’s stock.
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About Aerojet Rocketdyne
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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