Shares of Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) have been given an average rating of “Buy” by the seven research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $36.67.

Several analysts recently issued reports on AJRD shares. Zacks Investment Research upgraded shares of Aerojet Rocketdyne from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a report on Tuesday, July 24th. SunTrust Banks boosted their price objective on shares of Aerojet Rocketdyne from $36.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, August 21st. Finally, TheStreet upgraded shares of Aerojet Rocketdyne from a “c+” rating to a “b” rating in a research note on Friday, August 3rd.

In other Aerojet Rocketdyne news, Director Martin Turchin sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $36.43, for a total transaction of $182,150.00. Following the sale, the director now directly owns 90,650 shares in the company, valued at $3,302,379.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James H. Perry sold 25,225 shares of the business’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $34.33, for a total transaction of $865,974.25. Following the sale, the director now owns 113,140 shares in the company, valued at $3,884,096.20. The disclosure for this sale can be found here. 3.20% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Rhumbline Advisers increased its stake in shares of Aerojet Rocketdyne by 1.5% during the first quarter. Rhumbline Advisers now owns 139,811 shares of the aerospace company’s stock worth $3,911,000 after buying an additional 2,070 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Aerojet Rocketdyne by 14.5% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 253,811 shares of the aerospace company’s stock worth $7,099,000 after buying an additional 32,169 shares during the period. Trexquant Investment LP increased its stake in shares of Aerojet Rocketdyne by 193.3% during the first quarter. Trexquant Investment LP now owns 95,203 shares of the aerospace company’s stock worth $2,663,000 after buying an additional 62,740 shares during the period. Bray Capital Advisors purchased a new stake in shares of Aerojet Rocketdyne during the first quarter worth approximately $107,000. Finally, Prudential Financial Inc. increased its stake in shares of Aerojet Rocketdyne by 2.1% during the first quarter. Prudential Financial Inc. now owns 126,057 shares of the aerospace company’s stock worth $3,526,000 after buying an additional 2,650 shares during the period.

AJRD traded up $0.16 on Thursday, hitting $35.27. The company had a trading volume of 14,587 shares, compared to its average volume of 516,706. The firm has a market cap of $2.65 billion, a P/E ratio of 47.95, a price-to-earnings-growth ratio of 5.03 and a beta of 1.08. Aerojet Rocketdyne has a 1 year low of $24.41 and a 1 year high of $37.70. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 2.64.

Aerojet Rocketdyne (NYSE:AJRD) last issued its quarterly earnings data on Monday, July 30th. The aerospace company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.18. The firm had revenue of $467.20 million for the quarter, compared to analyst estimates of $457.41 million. Aerojet Rocketdyne had a net margin of 0.48% and a return on equity of 46.03%. Aerojet Rocketdyne’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 EPS. equities research analysts forecast that Aerojet Rocketdyne will post 1.27 earnings per share for the current year.

About Aerojet Rocketdyne

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.

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