Walthausen & Co. LLC Has $15.16 Million Holdings in Aerojet Rocketdyne Holdings, Inc. (AJRD)
Walthausen & Co. LLC boosted its stake in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 29.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 433,014 shares of the aerospace company’s stock after purchasing an additional 97,240 shares during the quarter. Aerojet Rocketdyne makes up 1.4% of Walthausen & Co. LLC’s investment portfolio, making the stock its 16th largest position. Walthausen & Co. LLC owned about 0.58% of Aerojet Rocketdyne worth $15,160,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. purchased a new position in Aerojet Rocketdyne in the 3rd quarter worth approximately $101,000. Fortaleza Asset Management Inc. bought a new stake in shares of Aerojet Rocketdyne in the 3rd quarter worth approximately $136,000. SG Americas Securities LLC bought a new stake in shares of Aerojet Rocketdyne in the 3rd quarter worth approximately $201,000. Ballentine Partners LLC bought a new stake in shares of Aerojet Rocketdyne in the 3rd quarter worth approximately $210,000. Finally, Ameritas Investment Partners Inc. grew its position in shares of 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. 97.76% of the stock is currently owned by hedge funds and other institutional investors.
In other Aerojet Rocketdyne news, Director James H. Perry sold 25,001 shares of Aerojet Rocketdyne stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $30.00, for a total transaction of $750,030.00. Following the completion of the transaction, the director now owns 166,959 shares in the company, valued at $5,008,770. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Martin Turchin sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $30.73, for a total value of $307,300.00. The disclosure for this sale can be found here. Insiders have sold 88,235 shares of company stock worth $2,652,753 over the last 90 days. 2.70% of the stock is currently owned by corporate insiders.
Shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) opened at $29.90 on Tuesday. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.38 and a current ratio of 1.66. Aerojet Rocketdyne Holdings, Inc. has a 1 year low of $17.56 and a 1 year high of $36.25. The firm has a market capitalization of $2,280.04, a P/E ratio of 37.02, a P/E/G ratio of 6.57 and a beta of 1.41.
Aerojet Rocketdyne (NYSE:AJRD) last released its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.03). Aerojet Rocketdyne had a net margin of 3.24% and a return on equity of 60.91%. The firm had revenue of $484.00 million for the quarter, compared to the consensus estimate of $487.48 million. The business’s revenue was up 4.3% compared to the same quarter last year. research analysts predict that Aerojet Rocketdyne Holdings, Inc. will post 0.84 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on AJRD shares. SunTrust Banks reiterated a “buy” rating on shares of Aerojet Rocketdyne in a research report on Wednesday, September 27th. BidaskClub upgraded Aerojet Rocketdyne from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 23rd. Zacks Investment Research lowered Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Jefferies Group lowered Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 price objective on the stock. in a research report on Monday, October 23rd. Finally, CL King upgraded Aerojet Rocketdyne from a “neutral” rating to a “buy” rating in a research report on Friday, September 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $35.33.
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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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