Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) Director Martin Turchin sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $36.43, for a total transaction of $182,150.00. Following the completion of the transaction, the director now owns 90,650 shares in the company, valued at approximately $3,302,379.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of NYSE:AJRD traded down $0.16 on Friday, reaching $35.85. 591,700 shares of the company’s stock were exchanged, compared to its average volume of 759,886. Aerojet Rocketdyne Holdings Inc has a twelve month low of $24.41 and a twelve month high of $37.70. The firm has a market cap of $2.74 billion, a PE ratio of 47.96, a PEG ratio of 5.19 and a beta of 1.17. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 2.64.

Aerojet Rocketdyne (NYSE:AJRD) last announced its earnings results on Monday, July 30th. The aerospace company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.18. Aerojet Rocketdyne had a net margin of 0.48% and a return on equity of 46.03%. The firm had revenue of $467.20 million for the quarter, compared to analyst estimates of $457.41 million. During the same quarter in the prior year, the business posted $0.32 EPS. The business’s revenue was up 1.7% compared to the same quarter last year. research analysts expect that Aerojet Rocketdyne Holdings Inc will post 1.27 EPS for the current year.

Several large investors have recently made changes to their positions in AJRD. Guggenheim Capital LLC grew its position in shares of Aerojet Rocketdyne by 612.1% during the 4th quarter. Guggenheim Capital LLC now owns 42,406 shares of the aerospace company’s stock worth $1,322,000 after purchasing an additional 36,451 shares in the last quarter. Rhumbline Advisers grew its position in shares of Aerojet Rocketdyne by 1.5% during the 1st quarter. Rhumbline Advisers now owns 139,811 shares of the aerospace company’s stock worth $3,911,000 after purchasing an additional 2,070 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Aerojet Rocketdyne by 14.5% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 253,811 shares of the aerospace company’s stock worth $7,099,000 after purchasing an additional 32,169 shares in the last quarter. Trexquant Investment LP grew its position in shares of Aerojet Rocketdyne by 193.3% during the 1st quarter. Trexquant Investment LP now owns 95,203 shares of the aerospace company’s stock worth $2,663,000 after purchasing an additional 62,740 shares in the last quarter. Finally, Bray Capital Advisors acquired a new position in shares of Aerojet Rocketdyne during the 1st quarter worth approximately $107,000.

A number of research analysts recently commented on AJRD shares. Zacks Investment Research lowered shares of Aerojet Rocketdyne from a “hold” rating to a “sell” rating in a research note on Friday, May 4th. TheStreet upgraded shares of Aerojet Rocketdyne from a “c+” rating to a “b” rating in a research note on Friday, August 3rd. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Aerojet Rocketdyne currently has an average rating of “Buy” and an average price target of $36.33.

Aerojet Rocketdyne Company Profile

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.

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