Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Stock Holdings Boosted by California Public Employees Retirement System

California Public Employees Retirement System boosted its position in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRDGet Rating) by 63.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 251,320 shares of the aerospace company’s stock after purchasing an additional 97,504 shares during the quarter. California Public Employees Retirement System owned about 0.31% of Aerojet Rocketdyne worth $10,204,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss National Bank increased its stake in shares of Aerojet Rocketdyne by 5.6% in the second quarter. Swiss National Bank now owns 170,800 shares of the aerospace company’s stock valued at $6,934,000 after purchasing an additional 9,000 shares during the period. Truvestments Capital LLC bought a new position in Aerojet Rocketdyne in the 2nd quarter worth approximately $132,000. SeaCrest Wealth Management LLC acquired a new stake in Aerojet Rocketdyne in the 2nd quarter valued at approximately $49,000. Lazard Asset Management LLC raised its stake in Aerojet Rocketdyne by 54.2% during the 2nd quarter. Lazard Asset Management LLC now owns 3,883 shares of the aerospace company’s stock valued at $157,000 after acquiring an additional 1,365 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in Aerojet Rocketdyne by 1.1% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 42,894 shares of the aerospace company’s stock worth $1,741,000 after acquiring an additional 450 shares during the period. 94.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Aerojet Rocketdyne Price Performance

Shares of NYSE:AJRD opened at $51.15 on Tuesday. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 44.09 and a beta of 0.57. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.25 and a quick ratio of 1.25. Aerojet Rocketdyne Holdings, Inc. has a 12 month low of $35.47 and a 12 month high of $51.93. The stock’s 50 day moving average price is $45.01 and its 200 day moving average price is $42.62.

Aerojet Rocketdyne (NYSE:AJRDGet Rating) last posted its quarterly earnings data on Tuesday, November 1st. The aerospace company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Aerojet Rocketdyne had a return on equity of 22.96% and a net margin of 4.40%. The company had revenue of $549.80 million for the quarter, compared to the consensus estimate of $558.27 million. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 EPS. Equities research analysts anticipate that Aerojet Rocketdyne Holdings, Inc. will post 1.7 earnings per share for the current fiscal year.

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.

See Also

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

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