Northpointe Capital LLC lowered its position in shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 201,130 shares of the aerospace company’s stock after selling 3 shares during the period. Northpointe Capital LLC’s holdings in Aerojet Rocketdyne Holdings were worth $4,184,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Comerica Bank boosted its stake in Aerojet Rocketdyne Holdings by 11.3% in the first quarter. Comerica Bank now owns 82,319 shares of the aerospace company’s stock worth $1,882,000 after buying an additional 8,325 shares during the last quarter. Bank of New York Mellon Corp boosted 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 worth $21,971,000 after buying an additional 246,070 shares during the last quarter. Algert Global LLC purchased a new stake in Aerojet Rocketdyne Holdings during the first quarter worth about $571,000. First Trust Advisors LP boosted its stake in Aerojet Rocketdyne Holdings by 10.2% in the first quarter. First Trust Advisors LP now owns 27,168 shares of the aerospace company’s stock worth $590,000 after buying an additional 2,513 shares during the last quarter. Finally, Reinhart Partners Inc. boosted its stake in Aerojet Rocketdyne Holdings by 4.5% in the first quarter. Reinhart Partners Inc. now owns 109,068 shares of the aerospace company’s stock worth $2,367,000 after buying an additional 4,661 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

Shares of Aerojet Rocketdyne Holdings, Inc. (AJRD) opened at 27.28 on Wednesday. The firm has a market cap of $2.05 billion, a PE ratio of 52.87 and a beta of 1.53. The firm has a 50 day moving average price of $23.54 and a 200-day moving average price of $21.67. Aerojet Rocketdyne Holdings, Inc. has a 12 month low of $16.04 and a 12 month high of $27.95.

Aerojet Rocketdyne Holdings (NYSE:AJRD) last announced its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.17. The company had revenue of $459.60 million during the quarter, compared to analysts’ expectations of $433.71 million. Aerojet Rocketdyne Holdings had a return on equity of 153.06% and a net margin of 2.00%. Aerojet Rocketdyne Holdings’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 EPS. On average, analysts predict that Aerojet Rocketdyne Holdings, Inc. will post $0.90 EPS for the current fiscal year.

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A number of research firms recently issued reports on AJRD. Zacks Investment Research cut Aerojet Rocketdyne Holdings from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 11th. BidaskClub raised Aerojet Rocketdyne Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th.

About Aerojet Rocketdyne Holdings

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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