Eagle Asset Management Inc. bought a new stake in shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 64,336 shares of the aerospace company’s stock, valued at approximately $2,298,000. Eagle Asset Management Inc. owned 0.09% of Aerojet Rocketdyne as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its holdings in Aerojet Rocketdyne by 18.0% in 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 Aerojet Rocketdyne in the 3rd quarter worth about $136,000. Advisor Group Inc. boosted its holdings in Aerojet Rocketdyne by 0.4% in 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. SG Americas Securities LLC acquired a new stake in Aerojet Rocketdyne in the 3rd quarter worth about $201,000. Finally, Pinebridge Investments L.P. boosted its holdings in Aerojet Rocketdyne by 0.7% in the 2nd quarter. Pinebridge Investments L.P. now owns 9,824 shares of the aerospace company’s stock worth $204,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 97.59% of the company’s stock.

Several equities research analysts recently issued reports on the company. BidaskClub upgraded Aerojet Rocketdyne from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. CL King upgraded Aerojet Rocketdyne from a “neutral” rating to a “buy” rating in a report on Friday, September 22nd. Zacks Investment Research upgraded Aerojet Rocketdyne from a “sell” rating to a “hold” rating and set a $31.00 price objective on the stock in a report on Tuesday, August 8th. Jefferies Group cut Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 price objective on the stock. in a report on Monday, October 23rd. Finally, SunTrust Banks reiterated a “buy” rating and issued a $40.00 price objective on shares of Aerojet Rocketdyne in a report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Aerojet Rocketdyne currently has an average rating of “Buy” and an average target price of $35.33.

Aerojet Rocketdyne Holdings, Inc. (AJRD) opened at $29.99 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.66 and a debt-to-equity ratio of 3.94. Aerojet Rocketdyne Holdings, Inc. has a 12 month low of $17.56 and a 12 month high of $36.25. The firm has a market cap of $2,274.78, a P/E ratio of 36.94, a price-to-earnings-growth ratio of 6.56 and a beta of 1.41.

Aerojet Rocketdyne (NYSE:AJRD) last released its earnings results on Thursday, November 2nd. The aerospace company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.03). Aerojet Rocketdyne had a return on equity of 60.91% and a net margin of 3.24%. The business had revenue of $484.00 million during the quarter, compared to analysts’ expectations of $487.48 million. Aerojet Rocketdyne’s revenue for the quarter was up 4.3% on a year-over-year basis. sell-side analysts predict that Aerojet Rocketdyne Holdings, Inc. will post 0.84 earnings per share for the current fiscal year.

In other news, Director Martin Turchin sold 10,000 shares of Aerojet Rocketdyne stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $30.73, for a total transaction of $307,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James R. Henderson sold 53,234 shares of Aerojet Rocketdyne stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $29.97, for a total transaction of $1,595,422.98. Following the sale, the director now directly owns 113,341 shares in the company, valued at approximately $3,396,829.77. The disclosure for this sale can be found here. Insiders sold a total of 88,235 shares of company stock worth $2,652,753 over the last three months. Corporate insiders own 2.70% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Eagle Asset Management Inc. Takes $2.30 Million Position in Aerojet Rocketdyne Holdings, Inc. (AJRD)” was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://www.watchlistnews.com/eagle-asset-management-inc-takes-2-30-million-position-in-aerojet-rocketdyne-holdings-inc-ajrd/1747074.html.

Aerojet Rocketdyne 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.

Want to see what other hedge funds are holding AJRD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD).

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

Receive News & Ratings for Aerojet Rocketdyne Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aerojet Rocketdyne Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.