Systematic Financial Management LP raised its holdings in Aerojet Rocketdyne Holdings (NYSE:AJRD) by 63.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 396,733 shares of the aerospace company’s stock after purchasing an additional 153,699 shares during the quarter. Systematic Financial Management LP owned 0.53% of Aerojet Rocketdyne worth $11,097,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Eagle Asset Management Inc. raised its position in Aerojet Rocketdyne by 1.8% in the first quarter. Eagle Asset Management Inc. now owns 472,766 shares of the aerospace company’s stock valued at $13,223,000 after purchasing an additional 8,472 shares during the period. Stevens Capital Management LP purchased a new stake in Aerojet Rocketdyne in the first quarter valued at $419,000. Thrivent Financial for Lutherans raised its position in Aerojet Rocketdyne by 461.3% in the first quarter. Thrivent Financial for Lutherans now owns 261,406 shares of the aerospace company’s stock valued at $7,312,000 after purchasing an additional 214,838 shares during the period. Engineers Gate Manager LP raised its position in Aerojet Rocketdyne by 100.8% in the first quarter. Engineers Gate Manager LP now owns 83,857 shares of the aerospace company’s stock valued at $2,345,000 after purchasing an additional 42,099 shares during the period. Finally, Chicago Equity Partners LLC raised its position in Aerojet Rocketdyne by 2.6% in the first quarter. Chicago Equity Partners LLC now owns 121,370 shares of the aerospace company’s stock valued at $3,395,000 after purchasing an additional 3,020 shares during the period. Institutional investors own 97.76% of the company’s stock.
NYSE:AJRD opened at $28.35 on Wednesday. Aerojet Rocketdyne Holdings has a 52 week low of $20.17 and a 52 week high of $36.25. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 38.31, a price-to-earnings-growth ratio of 5.47 and a beta of 1.03.
Aerojet Rocketdyne (NYSE:AJRD) last issued its quarterly earnings data on Tuesday, May 1st. The aerospace company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). Aerojet Rocketdyne had a negative net margin of 0.06% and a positive return on equity of 46.38%. The firm had revenue of $492.00 million during the quarter, compared to analyst estimates of $417.68 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. research analysts predict that Aerojet Rocketdyne Holdings will post 0.97 EPS for the current fiscal year.
A number of equities research analysts have commented on the company. Zacks Investment Research downgraded Aerojet Rocketdyne from a “hold” rating to a “sell” rating in a research report on Friday, May 4th. ValuEngine upgraded Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $37.33.
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.
Want to see what other hedge funds are holding AJRD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aerojet Rocketdyne Holdings (NYSE:AJRD).
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.