Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) – Stock analysts at SunTrust Banks raised their FY2018 earnings per share (EPS) estimates for Aerojet Rocketdyne in a research note issued on Monday. SunTrust Banks analyst M. Ciarmoli now expects that the aerospace company will earn $1.65 per share for the year, up from their prior forecast of $1.34. SunTrust Banks has a “Buy” rating and a $40.00 price objective on the stock. SunTrust Banks also issued estimates for Aerojet Rocketdyne’s FY2019 earnings at $1.94 EPS.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Aerojet Rocketdyne from a “hold” rating to a “strong-buy” rating and set a $37.00 price target for the company in a research report on Wednesday. CL King raised shares of Aerojet Rocketdyne from a “neutral” rating to a “buy” rating in a research report on Friday, September 22nd. BidaskClub cut shares of Aerojet Rocketdyne from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, Jefferies Group cut shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 price target for the company. in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Aerojet Rocketdyne currently has a consensus rating of “Buy” and a consensus target price of $37.33.

Shares of Aerojet Rocketdyne (AJRD) traded up $0.04 on Wednesday, hitting $31.81. 312,914 shares of the stock traded hands, compared to its average volume of 634,144. Aerojet Rocketdyne has a 52-week low of $17.69 and a 52-week high of $36.25. The stock has a market cap of $2,390.00, a PE ratio of 37.87, a PEG ratio of 5.18 and a beta of 1.41. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.66 and a quick ratio of 1.38.

Aerojet Rocketdyne (NYSE:AJRD) last announced its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Aerojet Rocketdyne had a return on equity of 60.91% and a net margin of 3.24%. The business had revenue of $484.00 million during the quarter, compared to analysts’ expectations of $487.48 million. The firm’s revenue was up 4.3% on a year-over-year basis.

In related news, Director Martin Turchin sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $30.73, for a total transaction of $307,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James H. Perry sold 25,001 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $30.00, for a total transaction of $750,030.00. Following the sale, the director now directly owns 166,959 shares of the company’s stock, valued at approximately $5,008,770. The disclosure for this sale can be found here. Insiders have sold 88,235 shares of company stock valued at $2,652,753 in the last three months. 2.70% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Aerojet Rocketdyne by 6.8% during the second quarter. BlackRock Inc. now owns 10,372,466 shares of the aerospace company’s stock valued at $215,747,000 after acquiring an additional 659,778 shares during the last quarter. Vanguard Group Inc. lifted its position in Aerojet Rocketdyne by 7.1% during the second quarter. Vanguard Group Inc. now owns 3,740,974 shares of the aerospace company’s stock valued at $77,813,000 after acquiring an additional 246,605 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Aerojet Rocketdyne by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,218,990 shares of the aerospace company’s stock valued at $77,687,000 after acquiring an additional 34,676 shares during the last quarter. State Street Corp increased its stake in Aerojet Rocketdyne by 25.4% during the 2nd quarter. State Street Corp now owns 2,139,438 shares of the aerospace company’s stock valued at $44,504,000 after purchasing an additional 433,398 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Aerojet Rocketdyne by 2.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,809,895 shares of the aerospace company’s stock valued at $37,646,000 after purchasing an additional 51,600 shares in the last quarter. 97.76% of the stock is owned by institutional investors.

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Aerojet Rocketdyne Company Profile

GenCorp Inc, incorporated in 1915, is a manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets. The Company develops and manufactures propulsion systems for defense and space applications, and armaments for precision tactical and long range weapon systems applications.

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