Dynamic Technology Lab Private Ltd bought a new position in Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 45,776 shares of the aerospace company’s stock, valued at approximately $1,556,000. Dynamic Technology Lab Private Ltd owned about 0.06% of Aerojet Rocketdyne at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in AJRD. Benjamin F. Edwards & Company Inc. increased its position in Aerojet Rocketdyne by 801.6% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 3,877 shares of the aerospace company’s stock worth $132,000 after buying an additional 3,447 shares during the last quarter. Seven Eight Capital LP purchased a new stake in Aerojet Rocketdyne in the third quarter worth $207,000. WINTON GROUP Ltd purchased a new stake in Aerojet Rocketdyne in the third quarter worth $222,000. Alambic Investment Management L.P. purchased a new position in shares of Aerojet Rocketdyne in the third quarter valued at $224,000. Finally, ARP Americas LP purchased a new position in shares of Aerojet Rocketdyne in the third quarter valued at $226,000.
In related news, Director Martin Turchin sold 5,000 shares of the business’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $37.78, for a total transaction of $188,900.00. Following the completion of the transaction, the director now directly owns 85,650 shares in the company, valued at $3,235,857. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.20% of the stock is owned by insiders.
Shares of NYSE AJRD opened at $34.13 on Friday. The firm has a market capitalization of $2.69 billion, a PE ratio of 28.43, a P/E/G ratio of 4.40 and a beta of 0.88. Aerojet Rocketdyne Holdings Inc has a fifty-two week low of $24.41 and a fifty-two week high of $38.92. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.24 and a quick ratio of 1.24.
Aerojet Rocketdyne (NYSE:AJRD) last announced its quarterly earnings results on Tuesday, October 30th. The aerospace company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.13. The company had revenue of $497.20 million during the quarter, compared to analysts’ expectations of $479.64 million. Aerojet Rocketdyne had a return on equity of 42.70% and a net margin of 3.11%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. As a group, equities research analysts predict that Aerojet Rocketdyne Holdings Inc will post 1.42 earnings per share for the current year.
AJRD has been the subject of several recent research reports. ValuEngine cut Aerojet Rocketdyne from a “buy” rating to a “hold” rating in a research report on Monday, September 24th. Zacks Investment Research cut Aerojet Rocketdyne from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Finally, SunTrust Banks lifted their price target on Aerojet Rocketdyne from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Tuesday, August 21st.
Aerojet Rocketdyne Profile
Aerojet Rocketdyne Holdings, Inc designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. The company operates through two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers aerospace and defense products and systems for the United States government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors.
See Also: Debt-To-Equity Ratio
Want to see what other hedge funds are holding AJRD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aerojet Rocketdyne Holdings Inc (NYSE:AJRD).
Receive News & Ratings for Aerojet Rocketdyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aerojet Rocketdyne and related companies with MarketBeat.com's FREE daily email newsletter.