The Manufacturers Life Insurance Company boosted its stake in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 18.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,306 shares of the aerospace company’s stock after purchasing an additional 8,618 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.07% of Aerojet Rocketdyne Holdings worth $1,150,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Advisor Group Inc. grew its stake in Aerojet Rocketdyne Holdings by 0.4% during the second quarter. Advisor Group Inc. now owns 8,644 shares of the aerospace company’s stock worth $180,000 after buying an additional 35 shares during the period. Pinebridge Investments L.P. grew its stake in Aerojet Rocketdyne Holdings by 0.7% during the second quarter. Pinebridge Investments L.P. now owns 9,824 shares of the aerospace company’s stock worth $204,000 after buying an additional 67 shares during the period. Amalgamated Bank purchased a new stake in Aerojet Rocketdyne Holdings during the second quarter worth approximately $206,000. Miles Capital Inc. purchased a new stake in Aerojet Rocketdyne Holdings during the second quarter worth approximately $242,000. Finally, State of Alaska Department of Revenue grew its stake in Aerojet Rocketdyne Holdings by 77.8% during the second quarter. State of Alaska Department of Revenue now owns 14,687 shares of the aerospace company’s stock worth $305,000 after buying an additional 6,427 shares during the period. Hedge funds and other institutional investors own 92.02% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The original version of this story can be viewed at https://www.watchlistnews.com/aerojet-rocketdyne-holdings-inc-ajrd-position-raised-by-the-manufacturers-life-insurance-company/1697568.html.

Aerojet Rocketdyne Holdings, Inc. (NYSE AJRD) opened at $29.09 on Friday. The firm has a market cap of $2,184.66, a price-to-earnings ratio of 35.48, a PEG ratio of 6.30 and a beta of 1.43. 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 Holdings, Inc. has a 52 week low of $17.56 and a 52 week high of $36.25.

Aerojet Rocketdyne Holdings (NYSE:AJRD) last announced its earnings results on Thursday, November 2nd. The aerospace company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $484.00 million during the quarter, compared to analysts’ expectations of $487.48 million. Aerojet Rocketdyne Holdings had a net margin of 3.24% and a return on equity of 60.91%. The business’s revenue was up 4.3% compared to the same quarter last year. analysts anticipate that Aerojet Rocketdyne Holdings, Inc. will post 0.84 EPS for the current fiscal year.

In other news, Director James H. Perry sold 25,001 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $30.00, for a total value of $750,030.00. Following the completion of the transaction, the director now directly owns 166,959 shares in the company, valued at $5,008,770. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Several equities research analysts have issued reports on AJRD shares. Jefferies Group LLC downgraded shares of Aerojet Rocketdyne Holdings from a “buy” rating to a “hold” rating and set a $35.00 price objective for the company. in a research note on Monday, October 23rd. BidaskClub upgraded shares of Aerojet Rocketdyne Holdings from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 23rd. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Aerojet Rocketdyne Holdings in a research note on Wednesday, September 27th. CL King upgraded shares of Aerojet Rocketdyne Holdings from a “neutral” rating to a “buy” rating in a research note on Friday, September 22nd. Finally, Zacks Investment Research upgraded shares of Aerojet Rocketdyne Holdings from a “sell” rating to a “hold” rating and set a $31.00 price objective for the company in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $35.33.

Aerojet Rocketdyne Holdings 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.

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).

Institutional Ownership by Quarter for Aerojet Rocketdyne Holdings (NYSE:AJRD)

Receive News & Ratings for Aerojet Rocketdyne Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aerojet Rocketdyne Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.