Shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) have received an average broker rating score of 1.75 (Buy) from the four analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. Aerojet Rocketdyne’s rating score has declined by 40% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 1-year consensus price target of $36.67 for the company and are predicting that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also given Aerojet Rocketdyne an industry rank of 85 out of 265 based on the ratings given to its competitors.
Several research analysts recently commented on AJRD shares. BidaskClub raised Aerojet Rocketdyne from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. CL King raised Aerojet Rocketdyne from a “neutral” rating to a “buy” rating in a research note on Friday, September 22nd. SunTrust Banks reaffirmed a “buy” rating on shares of Aerojet Rocketdyne in a research note on Wednesday, September 27th. Zacks Investment Research downgraded Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Jefferies Group downgraded Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 target price for the company. in a research note on Monday, October 23rd.
Institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. purchased a new position in shares of Aerojet Rocketdyne in the 3rd quarter valued at about $101,000. Ameritas Investment Partners Inc. boosted its stake in shares of Aerojet Rocketdyne by 18.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,071 shares of the aerospace company’s stock valued at $126,000 after buying an additional 925 shares during the period. Fortaleza Asset Management Inc. purchased a new position in shares of Aerojet Rocketdyne in the 3rd quarter valued at about $136,000. Advisor Group Inc. boosted its stake in shares of Aerojet Rocketdyne by 0.4% in the 2nd quarter. Advisor Group Inc. now owns 8,644 shares of the aerospace company’s stock valued at $180,000 after buying an additional 35 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Aerojet Rocketdyne during the 3rd quarter worth about $201,000. Institutional investors own 97.76% of the company’s stock.
Shares of Aerojet Rocketdyne (NYSE AJRD) traded down $0.46 during trading hours on Tuesday, hitting $29.90. The stock had a trading volume of 801,500 shares, compared to its average volume of 605,411. Aerojet Rocketdyne has a 52-week low of $17.56 and a 52-week high of $36.25. The stock has a market cap of $2,280.04, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 6.57 and a beta of 1.41. The company has a quick ratio of 1.38, a current ratio of 1.66 and a debt-to-equity ratio of 3.94.
Aerojet Rocketdyne (NYSE:AJRD) last announced its earnings results on Thursday, November 2nd. The aerospace company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Aerojet Rocketdyne had a net margin of 3.24% and a return on equity of 60.91%. The business had revenue of $484.00 million for the quarter, compared to analysts’ expectations of $487.48 million. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. analysts forecast that Aerojet Rocketdyne will post 0.84 earnings per share for the current year.
Aerojet Rocketdyne 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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