Swiss National Bank Increases Stake in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD)

Swiss National Bank increased its stake in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD – Get Rating) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,800 shares of the aerospace company’s stock after acquiring an additional 3,100 shares during the period. Swiss National Bank owned approximately 0.22% of Aerojet Rocketdyne worth $9,777,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nuance Investments LLC raised its position in Aerojet Rocketdyne by 101.3% in the 4th quarter. Nuance Investments LLC now owns 2,563,171 shares of the aerospace company’s stock valued at $143,358,000 after purchasing an additional 1,290,174 shares in the last quarter. BlackRock Inc. raised its holdings in Aerojet Rocketdyne by 8.9% in the first quarter. BlackRock Inc. now owns 13,381,966 shares of the aerospace company’s stock valued at $526,579,000 after acquiring an additional 1,095,899 shares in the last quarter. State Street Corp lifted its stake in Aerojet Rocketdyne by 20.9% in the first quarter. State Street Corp now owns 4,135,632 shares of the aerospace company’s stock worth $162,737,000 after acquiring an additional 715,758 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in Aerojet Rocketdyne by 447.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 702,990 shares of the aerospace company’s stock worth $28,113,000 after acquiring an additional 574,590 shares in the last quarter. Finally, Owl Creek Asset Management L.P. increased its position in shares of Aerojet Rocketdyne by 66.4% in the 3rd quarter. Owl Creek Asset Management L.P. now owns 1,257,891 shares of the aerospace company’s stock valued at $50,303,000 after purchasing an additional 502,019 shares during the last quarter. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Aerojet Rocketdyne Price Performance

Shares of AJRD opened at $56.17 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.53. Aerojet Rocketdyne Holdings, Inc. has a 1-year low of $36.44 and a 1-year high of $56.80. The stock has a market cap of $4.54 billion, a PE ratio of 61.73 and a beta of 0.57. The firm has a fifty day moving average price of $56.16 and a 200 day moving average price of $54.89.

Aerojet Rocketdyne (NYSE:AJRD – Get Rating) last posted its earnings results on Thursday, May 4th. The aerospace company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.02). The firm had revenue of $566.30 million during the quarter, compared to analysts’ expectations of $540.35 million. Aerojet Rocketdyne had a net margin of 3.23% and a return on equity of 20.42%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. As a group, sell-side analysts anticipate that Aerojet Rocketdyne Holdings, Inc. will post 1.99 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Aerojet Rocketdyne in a report on Saturday. They issued a “hold” rating on the stock.

About Aerojet Rocketdyne

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Aerojet Rocketdyne Holdings, Inc engages in provision of solutions in the field of aerospace and defense, as well as in the field of real estate. It operates through the following business segments: Aerospace and Defense, and Real Estate. The Aerospace and Defense segment operates through Aerojet Rocketdyne, Inc in developing and manufacturing aerospace and defense products and systems for the United States government, the National Aeronautics and Space Administration, major aerospace and defense prime contractors as well as portions of the commercial sector.