Aerojet Rocketdyne Target of Unusually Large Options Trading (AJRD)
Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) was the recipient of some unusual options trading activity on Monday. Investors bought 2,712 call options on the company. This represents an increase of approximately 2,035% compared to the average daily volume of 127 call options.
Shares of Aerojet Rocketdyne (AJRD) opened at $31.81 on Thursday. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.38 and a current ratio of 1.66. The stock has a market cap of $2,400.00, a PE ratio of 37.87, a PEG ratio of 5.18 and a beta of 1.41. Aerojet Rocketdyne has a 12 month low of $17.69 and a 12 month high of $36.25.
Aerojet Rocketdyne (NYSE:AJRD) last posted its earnings results on Thursday, November 2nd. The aerospace company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company had revenue of $484.00 million for the quarter, compared to analyst estimates of $487.48 million. Aerojet Rocketdyne had a return on equity of 60.91% and a net margin of 3.24%. The business’s revenue was up 4.3% on a year-over-year basis. research analysts forecast that Aerojet Rocketdyne will post 0.84 earnings per share for the current year.
In other Aerojet Rocketdyne news, Director James H. Perry sold 25,001 shares of the 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 sale, the director now owns 166,959 shares in the company, valued at $5,008,770. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Martin Turchin sold 10,000 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $30.73, for a total transaction of $307,300.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,235 shares of company stock valued at $2,652,753. Corporate insiders own 2.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of Aerojet Rocketdyne during the 3rd quarter worth about $101,000. Ameritas Investment Partners Inc. lifted its stake in shares of Aerojet Rocketdyne by 18.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,071 shares of the aerospace company’s stock worth $126,000 after buying an additional 925 shares during the last quarter. Fortaleza Asset Management Inc. acquired a new stake in shares of Aerojet Rocketdyne during the 3rd quarter worth about $136,000. Advisor Group Inc. lifted its stake in shares of Aerojet Rocketdyne by 0.4% during the 2nd 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 last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Aerojet Rocketdyne during the 3rd quarter worth about $201,000. Institutional investors own 97.76% of the company’s stock.
AJRD has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Aerojet Rocketdyne from a “hold” rating to a “strong-buy” rating and set a $36.00 price target for the company in a research note on Tuesday, January 2nd. SunTrust Banks reiterated a “buy” rating on shares of Aerojet Rocketdyne in a research note on Wednesday, September 27th. BidaskClub upgraded shares of Aerojet Rocketdyne from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 23rd. Jefferies Group cut shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 price target for the company. in a research note on Monday, October 23rd. Finally, CL King upgraded shares of Aerojet Rocketdyne from a “neutral” rating to a “buy” rating in a research note on Friday, September 22nd. One equities 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 stock has a consensus rating of “Buy” and an average target price of $37.33.
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Aerojet Rocketdyne 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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