Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Several other brokerages also recently weighed in on AJRD. Zacks Investment Research upgraded Aerojet Rocketdyne Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, March 21st. Jefferies Group LLC assumed coverage on Aerojet Rocketdyne Holdings in a research note on Friday, March 31st. They set a “buy” rating and a $28.00 price target on the stock.

Aerojet Rocketdyne Holdings (AJRD) traded down 1.43% during midday trading on Tuesday, hitting $20.73. The company had a trading volume of 262,692 shares. The stock has a market capitalization of $1.54 billion, a PE ratio of 76.78 and a beta of 1.51. Aerojet Rocketdyne Holdings has a 52 week low of $16.04 and a 52 week high of $23.27. The stock has a 50 day moving average price of $21.35 and a 200-day moving average price of $20.34.

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Hedge funds have recently bought and sold shares of the stock. Louisiana State Employees Retirement System increased its stake in Aerojet Rocketdyne Holdings by 8.5% in the first quarter. Louisiana State Employees Retirement System now owns 30,500 shares of the aerospace company’s stock valued at $662,000 after buying an additional 2,400 shares during the last quarter. Teachers Advisors LLC increased its stake in Aerojet Rocketdyne Holdings by 4.3% in the fourth quarter. Teachers Advisors LLC now owns 99,713 shares of the aerospace company’s stock valued at $1,790,000 after buying an additional 4,128 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Aerojet Rocketdyne Holdings by 6.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 37,730 shares of the aerospace company’s stock valued at $677,000 after buying an additional 2,210 shares during the last quarter. Boothbay Fund Management LLC purchased a new stake in Aerojet Rocketdyne Holdings during the fourth quarter valued at $183,000. Finally, Loomis Sayles & Co. L P increased its stake in Aerojet Rocketdyne Holdings by 14.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 543,059 shares of the aerospace company’s stock valued at $9,748,000 after buying an additional 66,642 shares during the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

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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