Steward Partners Investment Advisory LLC Buys 900 Shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD)

Steward Partners Investment Advisory LLC boosted its stake in shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRDGet Rating) by 588.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,053 shares of the aerospace company’s stock after acquiring an additional 900 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Aerojet Rocketdyne were worth $43,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AJRD. Royce & Associates LP boosted its stake in shares of Aerojet Rocketdyne by 9.2% in the 2nd quarter. Royce & Associates LP now owns 266,424 shares of the aerospace company’s stock valued at $10,817,000 after purchasing an additional 22,402 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Aerojet Rocketdyne by 4.3% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,688 shares of the aerospace company’s stock valued at $921,000 after acquiring an additional 935 shares during the period. Winslow Asset Management Inc. acquired a new stake in shares of Aerojet Rocketdyne in the 2nd quarter valued at approximately $4,883,000. Envestnet Asset Management Inc. raised its position in shares of Aerojet Rocketdyne by 16.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 51,894 shares of the aerospace company’s stock valued at $2,107,000 after acquiring an additional 7,212 shares during the period. Finally, Alpine Woods Capital Investors LLC raised its position in shares of Aerojet Rocketdyne by 20.0% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 74,153 shares of the aerospace company’s stock valued at $3,011,000 after acquiring an additional 12,340 shares during the period. Institutional investors own 94.77% of the company’s stock.

Aerojet Rocketdyne Stock Performance

Shares of AJRD stock opened at $49.07 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.25. Aerojet Rocketdyne Holdings, Inc. has a 52 week low of $35.47 and a 52 week high of $51.38. The company has a market capitalization of $3.95 billion, a P/E ratio of 42.30 and a beta of 0.57. The company’s 50 day moving average price is $44.21 and its two-hundred day moving average price is $42.17.

Aerojet Rocketdyne (NYSE:AJRDGet Rating) last released its earnings results on Tuesday, November 1st. The aerospace company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. Aerojet Rocketdyne had a net margin of 4.40% and a return on equity of 22.96%. The business had revenue of $549.80 million during the quarter, compared to analysts’ expectations of $558.27 million. During the same period last year, the business earned $0.58 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. On average, analysts expect that Aerojet Rocketdyne Holdings, Inc. will post 1.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Aerojet Rocketdyne in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Aerojet Rocketdyne Company Profile

(Get Rating)

Aerojet Rocketdyne Holdings, Inc designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. It operates in 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.

Further Reading

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

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