Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD)‘s stock had its “buy” rating reissued by equities researchers at SunTrust Banks, Inc. in a research note issued on Friday. They currently have a $40.00 price objective on the aerospace company’s stock. SunTrust Banks, Inc.’s price target would suggest a potential upside of 43.01% from the stock’s previous close.

A number of other brokerages also recently issued reports on AJRD. Jefferies Group LLC downgraded shares of Aerojet Rocketdyne Holdings from a “buy” rating to a “hold” rating and set a $35.00 price target for the company. in a research note on Monday, October 23rd. BidaskClub upgraded shares of Aerojet Rocketdyne Holdings from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 23rd. CL King upgraded shares of Aerojet Rocketdyne Holdings from a “neutral” rating to a “buy” rating in a research note on Friday, September 22nd. Finally, Zacks Investment Research downgraded shares of Aerojet Rocketdyne Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $35.33.

Aerojet Rocketdyne Holdings (NYSE AJRD) opened at $27.97 on Friday. The company has a debt-to-equity ratio of 4.83, a quick ratio of 1.40 and a current ratio of 1.70. The company has a market cap of $2.41 billion, a P/E ratio of 33.14, a P/E/G ratio of 6.77 and a beta of 1.43.

Aerojet Rocketdyne Holdings (NYSE:AJRD) last posted its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.03). Aerojet Rocketdyne Holdings had a net margin of 2.00% and a return on equity of 153.06%. The business had revenue of $484.00 million during the quarter, compared to analysts’ expectations of $487.48 million. Aerojet Rocketdyne Holdings’s revenue for the quarter was up 4.3% compared to the same quarter last year. analysts anticipate that Aerojet Rocketdyne Holdings will post 0.86 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently made changes to their positions in the business. Engine Capital Management LLC acquired a new position in Aerojet Rocketdyne Holdings in the 4th quarter valued at $20,463,000. Fortaleza Asset Management Inc. purchased a new stake in shares of Aerojet Rocketdyne Holdings during the 3rd quarter worth $136,000. Acrospire Investment Management LLC purchased a new stake in shares of Aerojet Rocketdyne Holdings during the 1st quarter worth $100,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Aerojet Rocketdyne Holdings during the 1st quarter worth $112,000. Finally, Glen Harbor Capital Management LLC boosted its position in shares of Aerojet Rocketdyne Holdings by 10.6% during the 1st quarter. Glen Harbor Capital Management LLC now owns 5,338 shares of the aerospace company’s stock worth $116,000 after purchasing an additional 510 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.

About Aerojet Rocketdyne Holdings

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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