Aerojet Rocketdyne Holdings Inc

Remigio Civitarese
Agosto 13, 2017

UBS Group AG cut its stake in shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 11.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Aerojet Rocketdyne Holdings's revenue was up 12.5% on a year-over-year basis.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AJRD. BlackRock Inc. increased its stake in Aerojet Rocketdyne Holdings by 208,237.4% in the first quarter. Teachers Advisors LLC now owns 101,023 shares of the aerospace company's stock valued at $2,192,000 after buying an additional 1,310 shares during the last quarter. Renaissance Technologies LLC increased its stake in Aerojet Rocketdyne Holdings by 17.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,062,980 shares of the aerospace company's stock valued at $44,766,000 after buying an additional 111,038 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of Aerojet Rocketdyne Holdings during the first quarter worth approximately $100,000. Bank of New York Mellon Corp now owns 1,440,290 shares of the aerospace company's stock worth $29,958,000 after buying an additional 427,755 shares in the last quarter. Royce & Associates LP increased its stake in Aerojet Rocketdyne Holdings by 6.6% in the first quarter. Hightower Advisors, LLC now holds 64,211 shares with a value of $1,397,000.

As of the end of the quarter New South Capital Management Inc had disposed of a total of 1,063 shares trimming its holdings by 1.5%. State of Alaska Department of Revenue now owns 8,260 shares of the aerospace company's stock valued at $179,000 after buying an additional 730 shares during the last quarter. Institutional investors own 93.10% of the company's stock.

Aerojet Rocketdyne Holdings, Inc. has a 12-month low of $16.04 and a 12-month high of $27.95.

Shares of the company are trading at $26.83 a great deal higher than the 50 day moving average which is $22.97 and significantly higher than the 200 day moving average of $21.43. The company's stock had a trading volume of 309,003 shares. The 50 day moving average moved up $3.86 and the 200 day average went up by +25.19%.

Shares of Aerojet Rocketdyne Holdings, Inc.

The P/E ratio is 52.11 and the market value is 2.02B.

Aerojet Rocketdyne Holdings (NYSE:AJRD) last posted its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $0.32 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.15 by $0.17. The value of the company's investment in Aerojet Rocketdyne Holdings, In increased from $1,292,000 to $1,538,000 a change of $246,000 quarter to quarter. The business had revenue of $459.60 million during the quarter, compared to analyst estimates of $433.71 million. Analysts expect next quarter's EPS to be $0.30 with next year's EPS anticipated to be $1.03. The firm's revenue for the quarter was up 12.5% compared to the same quarter past year. Analysts predict that Aerojet Rocketdyne Holdings, Inc. will post $0.90 EPS for the current fiscal year.

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Zacks Investment Research upgraded shares of Aerojet Rocketdyne Holdings, Inc. The Real Estate segment includes the activities of its subsidiary Easton Development Company, LLC (Easton) 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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