First Trust Advisors LP cut its holdings in Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) by 23.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,711 shares of the aerospace company’s stock after selling 26,161 shares during the quarter. First Trust Advisors LP’s holdings in Aerojet Rocketdyne were worth $2,984,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. acquired a new stake in Aerojet Rocketdyne in the third quarter valued at about $360,000. Arizona State Retirement System boosted its stake in Aerojet Rocketdyne by 10.0% in the fourth quarter. Arizona State Retirement System now owns 110,935 shares of the aerospace company’s stock valued at $3,908,000 after buying an additional 10,040 shares in the last quarter. Paloma Partners Management Co acquired a new stake in Aerojet Rocketdyne in the third quarter valued at about $1,763,000. James Investment Research Inc. acquired a new stake in Aerojet Rocketdyne in the fourth quarter valued at about $1,053,000. Finally, Carillon Tower Advisers Inc. boosted its stake in Aerojet Rocketdyne by 40.5% in the third quarter. Carillon Tower Advisers Inc. now owns 1,860,944 shares of the aerospace company’s stock valued at $63,253,000 after buying an additional 536,697 shares in the last quarter.

Several analysts recently weighed in on AJRD shares. Credit Suisse Group raised Aerojet Rocketdyne from a “neutral” rating to an “outperform” rating in a research note on Monday, January 14th. SunTrust Banks raised their price objective on Aerojet Rocketdyne to $45.00 and gave the company a “buy” rating in a research note on Wednesday, February 20th. Zacks Investment Research lowered Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, ValuEngine lowered Aerojet Rocketdyne from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Aerojet Rocketdyne has an average rating of “Hold” and an average price target of $45.00.

Shares of AJRD stock opened at $34.27 on Friday. Aerojet Rocketdyne Holdings Inc has a 12 month low of $25.06 and a 12 month high of $40.99. The stock has a market cap of $2.68 billion, a PE ratio of 17.76, a PEG ratio of 4.64 and a beta of 0.74. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.84.

Aerojet Rocketdyne (NYSE:AJRD) last announced its quarterly earnings results on Tuesday, February 19th. The aerospace company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). Aerojet Rocketdyne had a net margin of 7.24% and a return on equity of 36.16%. The firm had revenue of $437.90 million for the quarter, compared to analyst estimates of $512.37 million. During the same period in the previous year, the business posted $0.23 earnings per share. The business’s revenue for the quarter was down 17.1% compared to the same quarter last year. Equities analysts predict that Aerojet Rocketdyne Holdings Inc will post 1.33 EPS for the current year.

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

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