Aerojet Rocketdyne Target of Unusually Large Options Trading (AJRD)
Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) saw unusually large options trading activity on Monday. Traders acquired 2,712 call options on the stock. This represents an increase of 2,035% compared to the average volume of 127 call options.
In other news, Director Martin Turchin sold 10,000 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $30.73, for a total transaction of $307,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James R. Henderson sold 53,234 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $29.97, for a total transaction of $1,595,422.98. Following the sale, the director now directly owns 113,341 shares of the company’s stock, valued at approximately $3,396,829.77. The disclosure for this sale can be found here. Over the last quarter, insiders sold 88,235 shares of company stock worth $2,652,753. Company insiders own 2.70% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Shelton Capital Management bought a new position in Aerojet Rocketdyne in the third quarter valued at $234,000. Public Employees Retirement System of Ohio grew its position in Aerojet Rocketdyne by 3.2% in the third quarter. Public Employees Retirement System of Ohio now owns 491,308 shares of the aerospace company’s stock valued at $17,201,000 after purchasing an additional 15,339 shares in the last quarter. Walthausen & Co. LLC grew its position in Aerojet Rocketdyne by 29.0% in the third quarter. Walthausen & Co. LLC now owns 433,014 shares of the aerospace company’s stock valued at $15,160,000 after purchasing an additional 97,240 shares in the last quarter. California Public Employees Retirement System grew its position in Aerojet Rocketdyne by 14.2% in the third quarter. California Public Employees Retirement System now owns 107,731 shares of the aerospace company’s stock valued at $3,772,000 after purchasing an additional 13,431 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in Aerojet Rocketdyne by 307.5% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,312 shares of the aerospace company’s stock valued at $221,000 after purchasing an additional 4,763 shares in the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.
Shares of Aerojet Rocketdyne (NYSE:AJRD) opened at $31.81 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.38 and a debt-to-equity ratio of 3.94. Aerojet Rocketdyne has a 12-month low of $17.69 and a 12-month high of $36.25. The stock has a market cap of $2,400.00, a price-to-earnings ratio of 37.87, a PEG ratio of 5.18 and a beta of 1.41.
Aerojet Rocketdyne (NYSE:AJRD) last issued its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.03). The company had revenue of $484.00 million for the quarter, compared to the consensus estimate of $487.48 million. Aerojet Rocketdyne had a return on equity of 60.91% and a net margin of 3.24%. Aerojet Rocketdyne’s revenue for the quarter was up 4.3% compared to the same quarter last year. research analysts expect that Aerojet Rocketdyne will post 0.84 EPS for the current fiscal year.
About Aerojet Rocketdyne
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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