UBS Group AG cut its stake in shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 52.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,849 shares of the aerospace company’s stock after selling 7,579 shares during the period. UBS Group AG’s holdings in Aerojet Rocketdyne Holdings were worth $149,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Aerojet Rocketdyne Holdings by 7.9% in the first quarter. Vanguard Group Inc. now owns 3,494,369 shares of the aerospace company’s stock valued at $75,827,000 after buying an additional 255,869 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Aerojet Rocketdyne Holdings by 5.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,062,980 shares of the aerospace company’s stock valued at $44,766,000 after buying an additional 111,038 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Aerojet Rocketdyne Holdings by 32.1% in the first quarter. Bank of New York Mellon Corp now owns 1,012,535 shares of the aerospace company’s stock valued at $21,971,000 after buying an additional 246,070 shares during the last quarter. Royce & Associates LP increased its stake in Aerojet Rocketdyne Holdings by 6.6% in the first quarter. Royce & Associates LP now owns 760,086 shares of the aerospace company’s stock valued at $16,494,000 after buying an additional 47,000 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Aerojet Rocketdyne Holdings by 12.8% in the first quarter. Principal Financial Group Inc. now owns 579,237 shares of the aerospace company’s stock valued at $12,569,000 after buying an additional 65,886 shares during the last quarter. Institutional investors own 93.41% of the company’s stock.

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) traded up 1.53% during midday trading on Friday, hitting $27.24. The stock had a trading volume of 98,823 shares. The company has a 50-day moving average price of $22.97 and a 200-day moving average price of $21.43. Aerojet Rocketdyne Holdings, Inc. has a 12-month low of $16.04 and a 12-month high of $27.95. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 52.79 and a beta of 1.53.

Aerojet Rocketdyne Holdings (NYSE:AJRD) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.17. Aerojet Rocketdyne Holdings had a return on equity of 153.06% and a net margin of 2.00%. The business had revenue of $459.60 million during the quarter, compared to the consensus estimate of $433.71 million. During the same period in the previous year, the business earned $0.09 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis. Equities analysts anticipate that Aerojet Rocketdyne Holdings, Inc. will post $0.90 EPS for the current year.

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AJRD has been the subject of several research analyst reports. BidaskClub raised Aerojet Rocketdyne Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research raised Aerojet Rocketdyne Holdings from a “sell” rating to a “hold” rating and set a $31.00 price objective for the company in a report on Tuesday.

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.

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

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