Zacks: Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD) Receives Average Recommendation of “Buy” from Analysts
Shares of Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD) have been assigned an average broker rating score of 1.50 (Buy) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and three have given a strong buy rating to the company.
Brokers have set a 1-year consensus price target of $26.00 for the company and are forecasting that the company will post $0.36 EPS for the current quarter, according to Zacks. Zacks has also assigned Aerojet Rocketdyne Holdings an industry rank of 78 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered Aerojet Rocketdyne Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 26th.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC boosted its stake in Aerojet Rocketdyne Holdings by 13.4% in the second quarter. FMR LLC now owns 6,513,781 shares of the company’s stock worth $119,072,000 after buying an additional 767,363 shares during the period. Victory Capital Management Inc. raised its stake in Aerojet Rocketdyne Holdings by 10.4% in the second quarter. Victory Capital Management Inc. now owns 4,284,774 shares of the company’s stock valued at $78,326,000 after buying an additional 405,340 shares in the last quarter. Northpointe Capital LLC raised its stake in Aerojet Rocketdyne Holdings by 147.4% in the second quarter. Northpointe Capital LLC now owns 486,986 shares of the company’s stock valued at $8,902,000 after buying an additional 290,141 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in Aerojet Rocketdyne Holdings during the first quarter valued at about $4,514,000. Finally, Bank of Montreal Can bought a new stake in Aerojet Rocketdyne Holdings during the second quarter valued at about $2,781,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.
Aerojet Rocketdyne Holdings (NYSE:AJRD) traded down 0.06% during mid-day trading on Tuesday, hitting $17.58. 127,599 shares of the stock traded hands. The firm’s market cap is $1.22 billion. The stock has a 50 day moving average price of $18.02 and a 200 day moving average price of $17.55. Aerojet Rocketdyne Holdings has a 12-month low of $13.98 and a 12-month high of $19.78.
Aerojet Rocketdyne Holdings 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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