Quadrant Capital Group LLC Buys 518 Shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD)

Posted by on Jun 4th, 2023

Quadrant Capital Group LLC lifted its position in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD – Get Rating) by 38.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,858 shares of the aerospace company’s stock after purchasing an additional 518 shares during the quarter. Quadrant Capital Group LLC’s holdings in Aerojet Rocketdyne were worth $104,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AJRD. Tower Research Capital LLC TRC increased its holdings in shares of Aerojet Rocketdyne by 65.1% during the third quarter. Tower Research Capital LLC TRC now owns 6,187 shares of the aerospace company’s stock worth $247,000 after buying an additional 2,439 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in Aerojet Rocketdyne during the 4th quarter worth approximately $493,000. PNC Financial Services Group Inc. increased its holdings in Aerojet Rocketdyne by 21.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,971 shares of the aerospace company’s stock valued at $725,000 after purchasing an additional 2,321 shares in the last quarter. K2 Principal Fund L.P. bought a new position in Aerojet Rocketdyne in the 4th quarter valued at $427,000. Finally, BCK Capital Management LP acquired a new position in Aerojet Rocketdyne in the fourth quarter worth $7,666,000. Institutional investors and hedge funds own 93.78% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Aerojet Rocketdyne in a research note on Monday, May 29th. They issued a “hold” rating for the company.

Aerojet Rocketdyne Price Performance

AJRD opened at $54.32 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 1.53. The company’s 50 day simple moving average is $55.91 and its 200-day simple moving average is $55.40. Aerojet Rocketdyne Holdings, Inc. has a one year low of $36.44 and a one year high of $56.80. The stock has a market capitalization of $4.39 billion, a P/E ratio of 59.69 and a beta of 0.57.

Aerojet Rocketdyne (NYSE:AJRD – Get Rating) last announced its quarterly earnings data on Thursday, May 4th. The aerospace company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.02). The firm had revenue of $566.30 million during the quarter, compared to the consensus estimate of $540.35 million. Aerojet Rocketdyne had a net margin of 3.23% and a return on equity of 20.42%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 earnings per share. Sell-side analysts anticipate that Aerojet Rocketdyne Holdings, Inc. will post 1.99 earnings per share for the current fiscal year.

Aerojet Rocketdyne Company Profile

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Aerojet Rocketdyne Holdings, Inc engages in provision of solutions in the field of aerospace and defense, as well as in the field of real estate. It operates through the following business segments: Aerospace and Defense, and Real Estate. The Aerospace and Defense segment operates through Aerojet Rocketdyne, Inc in developing and manufacturing aerospace and defense products and systems for the United States government, the National Aeronautics and Space Administration, major aerospace and defense prime contractors as well as portions of the commercial sector.

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

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