Analysts Expect Aerojet Rocketdyne Holdings, Inc. (AJRD) to Announce $0.25 Earnings Per Share

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 analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company.

Analysts have set a 1 year consensus target price of $36.33 for the company and are predicting that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also given Aerojet Rocketdyne an industry rank of 105 out of 265 based on the ratings given to its competitors.

AJRD has been the topic of a number of recent research reports. 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. Zacks Investment Research lowered shares of Aerojet Rocketdyne from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, January 23rd. BidaskClub lowered shares of Aerojet Rocketdyne from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. Finally, SunTrust Banks reiterated a “buy” rating and set a $40.00 price target on shares of Aerojet Rocketdyne in a research note on Friday, November 3rd.

Shares of Aerojet Rocketdyne (AJRD) traded up $0.75 on Wednesday, reaching $27.30. 649,237 shares of the company traded hands, compared to its average volume of 867,181. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.38 and a current ratio of 1.66. The stock has a market cap of $1,990.00, a price-to-earnings ratio of 32.52, a P/E/G ratio of 5.21 and a beta of 1.12. Aerojet Rocketdyne has a 12-month low of $18.88 and a 12-month high of $36.25.

In other news, Director Martin Turchin sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was 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 can be accessed through this link. Insiders own 2.70% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in AJRD. Wells Fargo & Company MN boosted its holdings in shares of Aerojet Rocketdyne by 79.0% in the second quarter. Wells Fargo & Company MN now owns 81,142 shares of the aerospace company’s stock valued at $1,688,000 after acquiring an additional 35,808 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Aerojet Rocketdyne by 7.1% in the second quarter. Vanguard Group Inc. now owns 3,740,974 shares of the aerospace company’s stock valued at $77,813,000 after acquiring an additional 246,605 shares during the period. Reinhart Partners Inc. boosted its holdings in shares of Aerojet Rocketdyne by 433.7% in the fourth quarter. Reinhart Partners Inc. now owns 384,282 shares of the aerospace company’s stock valued at $11,990,000 after acquiring an additional 312,274 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Aerojet Rocketdyne by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,184,314 shares of the aerospace company’s stock valued at $45,434,000 after acquiring an additional 121,334 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Aerojet Rocketdyne by 18.5% in the second quarter. The Manufacturers Life Insurance Company now owns 55,306 shares of the aerospace company’s stock valued at $1,150,000 after acquiring an additional 8,618 shares during the period. 97.06% 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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