James R. Henderson Sells 53,234 Shares of Aerojet Rocketdyne Holdings, Inc. (AJRD) Stock

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Director James R. Henderson sold 53,234 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $29.97, for a total transaction of $1,595,422.98. Following the transaction, the director now owns 113,341 shares in the company, valued at $3,396,829.77. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) opened at $29.14 on Wednesday. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.66 and a quick ratio of 1.38. The company has a market cap of $2,168.14, a PE ratio of 35.21, a price-to-earnings-growth ratio of 6.25 and a beta of 1.43. Aerojet Rocketdyne Holdings, Inc. has a one year low of $17.56 and a one year high of $36.25.

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

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A number of hedge funds have recently modified their holdings of AJRD. BlackRock Inc. grew its stake in Aerojet Rocketdyne Holdings by 208,237.4% in the 1st quarter. BlackRock Inc. now owns 9,712,688 shares of the aerospace company’s stock worth $210,766,000 after acquiring an additional 9,708,026 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Aerojet Rocketdyne Holdings by 1,662.1% in the 3rd quarter. Wells Fargo & Company MN now owns 1,429,808 shares of the aerospace company’s stock worth $50,059,000 after purchasing an additional 1,348,666 shares during the period. Mesirow Financial Investment Management Equity Management purchased a new stake in shares of Aerojet Rocketdyne Holdings in the 3rd quarter worth approximately $16,466,000. State Street Corp lifted its position in shares of Aerojet Rocketdyne Holdings by 25.4% in the 2nd quarter. State Street Corp now owns 2,139,438 shares of the aerospace company’s stock worth $44,504,000 after purchasing an additional 433,398 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Aerojet Rocketdyne Holdings by 42.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,440,290 shares of the aerospace company’s stock worth $29,958,000 after purchasing an additional 427,755 shares during the period. Institutional investors and hedge funds own 93.04% of the company’s stock.

Several brokerages recently commented on AJRD. SunTrust Banks, Inc. reiterated a “buy” rating and set a $40.00 price target on shares of Aerojet Rocketdyne Holdings in a report on Friday, November 3rd. BidaskClub downgraded shares of Aerojet Rocketdyne Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Jefferies Group LLC downgraded shares of Aerojet Rocketdyne Holdings from a “buy” rating to a “hold” rating and set a $35.00 price target on the stock. in a report on Monday, October 23rd. Zacks Investment Research downgraded shares of Aerojet Rocketdyne Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, CL King upgraded shares of Aerojet Rocketdyne Holdings from a “neutral” rating to a “buy” rating in a report on Friday, September 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $35.33.

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.

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