Aerojet Rocketdyne Holdings Inc (AJRD) Receives Average Rating of “Buy” from Analysts

Share on StockTwits

Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) has been assigned an average rating of “Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $37.50.

Several research firms recently weighed in on AJRD. ValuEngine raised Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research cut Aerojet Rocketdyne from a “hold” rating to a “sell” rating in a report on Friday, May 4th.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN raised its holdings in Aerojet Rocketdyne by 9.2% in the 4th quarter. Wells Fargo & Company MN now owns 1,561,009 shares of the aerospace company’s stock valued at $48,703,000 after acquiring an additional 131,201 shares in the last quarter. Swiss National Bank raised its holdings in Aerojet Rocketdyne by 2.5% in the 4th quarter. Swiss National Bank now owns 108,700 shares of the aerospace company’s stock valued at $3,391,000 after acquiring an additional 2,700 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in Aerojet Rocketdyne in the 4th quarter valued at $250,000. US Bancorp DE raised its holdings in Aerojet Rocketdyne by 21.0% in the 4th quarter. US Bancorp DE now owns 27,117 shares of the aerospace company’s stock valued at $846,000 after acquiring an additional 4,701 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in Aerojet Rocketdyne by 621.7% in the 4th quarter. Eagle Asset Management Inc. now owns 464,294 shares of the aerospace company’s stock valued at $14,485,000 after acquiring an additional 399,958 shares in the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.

Shares of AJRD traded up $0.25 during mid-day trading on Friday, reaching $29.51. The company’s stock had a trading volume of 782,400 shares, compared to its average volume of 759,250. Aerojet Rocketdyne has a 1-year low of $20.17 and a 1-year high of $36.25. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 39.88, a PEG ratio of 5.36 and a beta of 1.03. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 3.47.

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

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.

Receive News & Ratings for Aerojet Rocketdyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aerojet Rocketdyne and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply