Lisanti Capital Growth LLC Buys 12,695 Shares of Aerojet Rocketdyne Holdings, Inc. (AJRD)

Lisanti Capital Growth LLC raised its stake in shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 145.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 21,450 shares of the aerospace company’s stock after buying an additional 12,695 shares during the period. Lisanti Capital Growth LLC’s holdings in Aerojet Rocketdyne were worth $669,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. purchased a new position in shares of Aerojet Rocketdyne in the 3rd quarter valued at about $101,000. IFP Advisors Inc increased its stake in shares of Aerojet Rocketdyne by 1,129.9% in 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 in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Aerojet Rocketdyne by 18.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,071 shares of the aerospace company’s stock valued at $126,000 after purchasing an additional 925 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new position in shares of Aerojet Rocketdyne in the 3rd quarter valued at about $136,000. Finally, Advisor Group Inc. increased its stake in shares of Aerojet Rocketdyne by 0.4% in the 2nd quarter. Advisor Group Inc. now owns 8,644 shares of the aerospace company’s stock valued at $180,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 98.01% of the company’s stock.

In other Aerojet Rocketdyne news, Director Martin Turchin sold 10,000 shares of the business’s 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 available through the SEC website. 2.70% of the stock is owned by insiders.

Aerojet Rocketdyne Holdings, Inc. (NYSE AJRD) opened at $25.90 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.66 and a debt-to-equity ratio of 3.94. Aerojet Rocketdyne Holdings, Inc. has a 52 week low of $18.88 and a 52 week high of $36.25. The firm has a market capitalization of $1,945.09, a PE ratio of 31.59, a P/E/G ratio of 5.08 and a beta of 1.12.

Several brokerages recently weighed in on AJRD. Jefferies Group lowered Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 price target for the company. in a research note on Monday, October 23rd. Zacks Investment Research upgraded Aerojet Rocketdyne from a “hold” rating to a “strong-buy” rating and set a $37.00 price target for the company in a research note on Wednesday, January 10th. BidaskClub lowered Aerojet Rocketdyne from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. Finally, SunTrust Banks restated a “buy” rating and issued a $40.00 price target on shares of Aerojet Rocketdyne in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $37.33.

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Aerojet Rocketdyne Profile

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

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