First Trust Advisors LP raised its position in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 212.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,830 shares of the aerospace company’s stock after purchasing an additional 57,662 shares during the period. First Trust Advisors LP owned about 0.11% of Aerojet Rocketdyne Holdings worth $1,764,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AJRD. Acrospire Investment Management LLC purchased a new position in Aerojet Rocketdyne Holdings in the 1st quarter valued at about $100,000. Ameritas Investment Partners Inc. purchased a new position in Aerojet Rocketdyne Holdings in the 1st quarter valued at about $112,000. Glen Harbor Capital Management LLC lifted its holdings in Aerojet Rocketdyne Holdings by 10.6% in the 1st quarter. Glen Harbor Capital Management LLC now owns 5,338 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 510 shares in the last quarter. Invictus RG purchased a new position in Aerojet Rocketdyne Holdings in the 1st quarter valued at about $268,000. Finally, State of Alaska Department of Revenue lifted its holdings in Aerojet Rocketdyne Holdings by 77.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 14,687 shares of the aerospace company’s stock valued at $305,000 after purchasing an additional 6,427 shares in the last quarter. Institutional investors own 93.33% of the company’s stock.

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) opened at 28.11 on Thursday. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 54.48 and a beta of 1.47. The firm has a 50-day moving average of $26.98 and a 200-day moving average of $22.97. Aerojet Rocketdyne Holdings, Inc. has a 12-month low of $16.04 and a 12-month high of $30.06.

Aerojet Rocketdyne Holdings (NYSE:AJRD) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.17. The firm had revenue of $459.60 million for the quarter, compared to analysts’ expectations of $433.71 million. Aerojet Rocketdyne Holdings had a return on equity of 153.06% and a net margin of 2.00%. Aerojet Rocketdyne Holdings’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. Equities research analysts forecast that Aerojet Rocketdyne Holdings, Inc. will post $0.90 earnings per share for the current fiscal year.

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A number of research firms have issued reports on AJRD. BidaskClub upgraded shares of Aerojet Rocketdyne Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Aerojet Rocketdyne Holdings from a “sell” rating to a “hold” rating and set a $31.00 target price on the stock in a report on Tuesday, August 8th.

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

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