Aerojet Rocketdyne (NYSE:AJRD) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Aerojet Rocketdyne (NYSE:AJRD – Get Rating) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the aerospace company’s stock.

Aerojet Rocketdyne Trading Up 0.3 %

Aerojet Rocketdyne stock opened at $54.51 on Thursday. The stock has a market cap of $4.40 billion, a PE ratio of 59.90 and a beta of 0.57. The stock has a 50-day moving average price of $55.42 and a 200 day moving average price of $55.66. Aerojet Rocketdyne has a 52 week low of $37.69 and a 52 week high of $56.80. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51.

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Aerojet Rocketdyne (NYSE:AJRD – Get Rating) last posted 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 company had revenue of $566.30 million for the quarter, compared to analysts’ expectations of $540.35 million. Aerojet Rocketdyne had a return on equity of 20.42% and a net margin of 3.23%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 EPS. Equities research analysts predict that Aerojet Rocketdyne will post 1.99 earnings per share for the current fiscal year.

Institutional Trading of Aerojet Rocketdyne

A number of hedge funds have recently added to or reduced their stakes in AJRD. US Bancorp DE lifted its stake in shares of Aerojet Rocketdyne by 247.6% in the 1st quarter. US Bancorp DE now owns 643 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 458 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in Aerojet Rocketdyne during the 4th quarter worth approximately $32,000. Pinnacle Holdings LLC purchased a new stake in Aerojet Rocketdyne during the 1st quarter worth approximately $45,000. Quadrant Capital Group LLC increased its holdings in Aerojet Rocketdyne by 316.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,340 shares of the aerospace company’s stock worth $54,000 after purchasing an additional 1,018 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Aerojet Rocketdyne during the 4th quarter worth approximately $55,000. 94.56% of the stock is owned by institutional investors and hedge funds.

About Aerojet Rocketdyne

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Aerojet Rocketdyne Holdings, Inc engages in the design, development, manufacture, and sale of aerospace and defense products and systems in the United States. It operates in two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers aerospace and defense products and systems for the United States government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors.

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