Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) has been given a consensus broker rating score of 1.75 (Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company.
Brokers have set a 12 month consensus price target of $36.33 for the company and are anticipating that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also given Aerojet Rocketdyne an industry rank of 113 out of 265 based on the ratings given to related companies.
Several research analysts have recently weighed in on AJRD shares. SunTrust Banks restated a “buy” rating and set a $40.00 price objective on shares of Aerojet Rocketdyne in a research note on Friday, November 3rd. BidaskClub lowered shares of Aerojet Rocketdyne from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. Jefferies Group lowered shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 price target on the stock. in a research note on Monday, October 23rd. Finally, Zacks Investment Research lowered shares of Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 3rd.
In other Aerojet Rocketdyne news, Director Martin Turchin sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $30.73, for a total value of $307,300.00. The transaction 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 business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $29.97, for a total transaction of $1,595,422.98. Following the completion of 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. 2.70% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. bought a new stake in Aerojet Rocketdyne in the 3rd quarter valued at about $101,000. IFP Advisors Inc boosted its holdings in Aerojet Rocketdyne by 1,129.9% in the 4th quarter. IFP Advisors Inc now owns 3,542 shares of the aerospace company’s stock valued at $111,000 after purchasing an additional 3,254 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in 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 purchasing an additional 925 shares during the period. Fortaleza Asset Management Inc. bought a new stake in Aerojet Rocketdyne in the 3rd quarter valued at about $136,000. Finally, Advisor Group Inc. boosted its holdings in 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 purchasing an additional 35 shares during the period. 98.01% of the stock is owned by hedge funds and other institutional investors.
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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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