Aerojet Rocketdyne Holdings, Inc. (AJRD) Shares Bought by Thrivent Financial For Lutherans
Thrivent Financial For Lutherans lifted its holdings in shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 6.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 45,070 shares of the aerospace company’s stock after purchasing an additional 2,910 shares during the period. Thrivent Financial For Lutherans owned 0.06% of Aerojet Rocketdyne Holdings worth $937,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new stake in shares of Aerojet Rocketdyne Holdings during the first quarter worth $112,000. Amalgamated Bank bought a new stake in shares of Aerojet Rocketdyne Holdings during the second quarter worth $206,000. Invictus RG bought a new stake in shares of Aerojet Rocketdyne Holdings during the first quarter worth $268,000. State of Alaska Department of Revenue grew its holdings in shares of 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 purchasing an additional 6,427 shares during the last quarter. Finally, Mason Street Advisors LLC grew its holdings in shares of Aerojet Rocketdyne Holdings by 14.4% during the first quarter. Mason Street Advisors LLC now owns 17,491 shares of the aerospace company’s stock worth $380,000 after purchasing an additional 2,195 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.
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Aerojet Rocketdyne Holdings, Inc. (AJRD) opened at 35.05 on Friday. The stock’s 50 day moving average price is $30.77 and its 200 day moving average price is $24.41. Aerojet Rocketdyne Holdings, Inc. has a 52 week low of $16.04 and a 52 week high of $36.25. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 67.93 and a beta of 1.50.
Aerojet Rocketdyne Holdings (NYSE:AJRD) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $459.60 million for the quarter, compared to analyst estimates of $433.71 million. During the same quarter in the previous year, the company posted $0.09 EPS. The business’s revenue was up 12.5% on a year-over-year basis. On average, equities research analysts predict that Aerojet Rocketdyne Holdings, Inc. will post $0.90 EPS for the current year.
Several analysts have recently commented on the company. BidaskClub upgraded Aerojet Rocketdyne Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. CL King raised Aerojet Rocketdyne Holdings from a “neutral” rating to a “buy” rating in a research note on Friday, September 22nd. Zacks Investment Research raised Aerojet Rocketdyne Holdings from a “sell” rating to a “hold” rating and set a $31.00 price target on the stock in a research note on Tuesday, August 8th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Aerojet Rocketdyne Holdings in a research note on Wednesday, September 27th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $27.33.
Aerojet Rocketdyne Holdings 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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