10,363 Shares in Aerojet Rocketdyne Holdings Inc (AJRD) Acquired by Element Capital Management LLC

Element Capital Management LLC bought a new stake in Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,363 shares of the aerospace company’s stock, valued at approximately $290,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG lifted its position in shares of Aerojet Rocketdyne by 82.5% in the first quarter. UBS Group AG now owns 16,831 shares of the aerospace company’s stock valued at $471,000 after acquiring an additional 7,609 shares in the last quarter. Profund Advisors LLC lifted its position in shares of Aerojet Rocketdyne by 33.8% in the first quarter. Profund Advisors LLC now owns 14,609 shares of the aerospace company’s stock valued at $409,000 after acquiring an additional 3,691 shares in the last quarter. Carillon Tower Advisers Inc. purchased a new position in shares of Aerojet Rocketdyne in the first quarter valued at approximately $12,445,000. Principal Financial Group Inc. lifted its position in shares of Aerojet Rocketdyne by 2.1% in the first quarter. Principal Financial Group Inc. now owns 616,157 shares of the aerospace company’s stock valued at $17,234,000 after acquiring an additional 12,780 shares in the last quarter. Finally, Koch Industries Inc. purchased a new position in shares of Aerojet Rocketdyne in the first quarter valued at approximately $508,000. Institutional investors and hedge funds own 97.76% of the company’s stock.

Shares of Aerojet Rocketdyne stock opened at $29.20 on Friday. Aerojet Rocketdyne Holdings Inc has a one year low of $20.17 and a one year high of $36.25. The company has a market cap of $2.23 billion, a P/E ratio of 39.46, a P/E/G ratio of 5.53 and a beta of 1.03. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 3.47.



Aerojet Rocketdyne (NYSE:AJRD) last announced its quarterly earnings data on Tuesday, May 1st. The aerospace company reported $0.18 EPS for the quarter, missing the Zacks’ 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 company had revenue of $492.00 million for the quarter, compared to analysts’ expectations of $417.68 million. During the same quarter in the previous year, the business posted $0.08 EPS. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. research analysts predict that Aerojet Rocketdyne Holdings Inc will post 0.97 earnings per share for the current year.

A number of equities analysts recently commented on AJRD shares. Zacks Investment Research upgraded Aerojet Rocketdyne from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. ValuEngine upgraded 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 given a hold rating and four have issued a buy rating to the company. Aerojet Rocketdyne has a consensus rating of “Buy” and a consensus price target of $37.33.

Aerojet Rocketdyne Company 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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