Engineers Gate Manager LP Has $2.35 Million Holdings in Aerojet Rocketdyne Holdings (AJRD)

Engineers Gate Manager LP grew its stake in Aerojet Rocketdyne Holdings (NYSE:AJRD) by 100.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,857 shares of the aerospace company’s stock after buying an additional 42,099 shares during the period. Engineers Gate Manager LP owned approximately 0.11% of Aerojet Rocketdyne worth $2,345,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Victory Capital Management Inc. lifted its position in shares of Aerojet Rocketdyne by 4.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,837,895 shares of the aerospace company’s stock worth $88,542,000 after buying an additional 114,532 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Aerojet Rocketdyne by 9.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,561,009 shares of the aerospace company’s stock worth $48,703,000 after buying an additional 131,201 shares during the last quarter. Mesirow Financial Investment Management Equity Management lifted its position in shares of Aerojet Rocketdyne by 14.3% in the fourth quarter. Mesirow Financial Investment Management Equity Management now owns 537,660 shares of the aerospace company’s stock worth $16,774,000 after buying an additional 67,310 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Aerojet Rocketdyne by 2.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 518,842 shares of the aerospace company’s stock worth $16,188,000 after purchasing an additional 12,827 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its position in shares of Aerojet Rocketdyne by 621.7% during the 4th quarter. Eagle Asset Management Inc. now owns 464,294 shares of the aerospace company’s stock worth $14,485,000 after purchasing an additional 399,958 shares during the last quarter. 98.92% of the stock is owned by institutional investors.

NYSE AJRD opened at $27.89 on Thursday. Aerojet Rocketdyne Holdings has a twelve month low of $27.67 and a twelve month high of $27.94. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 3.47. The stock has a market cap of $2.10 billion, a P/E ratio of 33.58, a price-to-earnings-growth ratio of 5.22 and a beta of 1.03.



Aerojet Rocketdyne (NYSE:AJRD) last posted its quarterly earnings data on Tuesday, May 1st. The aerospace company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). Aerojet Rocketdyne had a positive return on equity of 46.38% and a negative net margin of 0.06%. The business had revenue of $492.00 million for the quarter, compared to analyst estimates of $417.68 million. During the same period in the prior year, the firm posted $0.08 EPS. Aerojet Rocketdyne’s revenue for the quarter was up 21.4% on a year-over-year basis. analysts expect that Aerojet Rocketdyne Holdings will post 0.97 EPS for the current year.

Several research firms recently weighed in on AJRD. Zacks Investment Research cut Aerojet Rocketdyne from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, January 23rd. ValuEngine raised Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Aerojet Rocketdyne presently has a consensus rating of “Buy” and a consensus price target of $37.33.

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.

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

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