Insider Selling: Aerojet Rocketdyne Holdings Inc (AJRD) Director Sells $188,900.00 in Stock

Share on StockTwits

Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) Director Martin Turchin sold 5,000 shares of the company’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $37.78, for a total value of $188,900.00. Following the completion of the transaction, the director now directly owns 85,650 shares in the company, valued at approximately $3,235,857. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Martin Turchin also recently made the following trade(s):

  • On Thursday, August 16th, Martin Turchin sold 5,000 shares of Aerojet Rocketdyne stock. The shares were sold at an average price of $36.43, for a total value of $182,150.00.

Shares of Aerojet Rocketdyne stock opened at $35.95 on Friday. Aerojet Rocketdyne Holdings Inc has a 52 week low of $24.41 and a 52 week high of $38.92. The firm has a market capitalization of $2.84 billion, a PE ratio of 48.58, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.90.

Aerojet Rocketdyne (NYSE:AJRD) last announced its quarterly earnings results on Tuesday, October 30th. The aerospace company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.13. Aerojet Rocketdyne had a return on equity of 42.70% and a net margin of 3.11%. The business had revenue of $497.20 million for the quarter, compared to analyst estimates of $479.64 million. During the same quarter in the prior year, the company posted $0.17 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Equities analysts forecast that Aerojet Rocketdyne Holdings Inc will post 1.42 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in shares of Aerojet Rocketdyne by 27.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,550,475 shares of the aerospace company’s stock valued at $104,703,000 after purchasing an additional 768,151 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Aerojet Rocketdyne by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,418,630 shares of the aerospace company’s stock worth $71,326,000 after acquiring an additional 120,481 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in Aerojet Rocketdyne by 31.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 2,050,357 shares of the aerospace company’s stock worth $69,691,000 after acquiring an additional 489,725 shares in the last quarter. Carillon Tower Advisers Inc. lifted its stake in Aerojet Rocketdyne by 40.5% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 1,860,944 shares of the aerospace company’s stock worth $63,253,000 after acquiring an additional 536,697 shares in the last quarter. Finally, Newport Trust Co acquired a new position in Aerojet Rocketdyne during the 3rd quarter worth about $57,266,000.

AJRD has been the topic of several recent analyst reports. TheStreet raised Aerojet Rocketdyne from a “c+” rating to a “b” rating in a research note on Friday, August 3rd. Zacks Investment Research raised Aerojet Rocketdyne from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, October 23rd. ValuEngine raised Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a research note on Monday, October 22nd. Finally, SunTrust Banks upped their price target on Aerojet Rocketdyne from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Tuesday, August 21st.

COPYRIGHT VIOLATION NOTICE: This report was first posted by Week Herald and is the property of of Week Herald. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://weekherald.com/2018/11/16/insider-selling-aerojet-rocketdyne-holdings-inc-ajrd-director-sells-188900-00-in-stock.html.

About Aerojet Rocketdyne

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.

Read More: Leveraged Buyout (LBO)

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