Royce & Associates LP cut its stake in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 7.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 767,829 shares of the aerospace company’s stock after selling 63,257 shares during the period. Royce & Associates LP owned 1.02% of Aerojet Rocketdyne worth $26,882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Engineers Gate Manager LP acquired a new stake in Aerojet Rocketdyne in the third quarter worth $1,863,000. Convergence Investment Partners LLC acquired a new stake in Aerojet Rocketdyne in the third quarter worth $1,541,000. Invictus RG acquired a new stake in Aerojet Rocketdyne in the third quarter worth $776,000. OxFORD Asset Management LLP increased its position in Aerojet Rocketdyne by 156.5% in the third quarter. OxFORD Asset Management LLP now owns 425,669 shares of the aerospace company’s stock worth $14,903,000 after buying an additional 259,718 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Aerojet Rocketdyne by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,218,990 shares of the aerospace company’s stock worth $77,687,000 after buying an additional 34,676 shares during the period. 97.59% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Martin Turchin sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $30.73, for a total transaction of $307,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James H. Perry sold 25,001 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $30.00, for a total value of $750,030.00. Following the transaction, the director now directly owns 166,959 shares of the company’s stock, valued at approximately $5,008,770. The disclosure for this sale can be found here. In the last three months, insiders sold 88,235 shares of company stock valued at $2,652,753. Company insiders own 2.70% of the company’s stock.

Several research analysts have recently issued reports on AJRD shares. SunTrust Banks reissued a “buy” rating on shares of Aerojet Rocketdyne in a research note on Wednesday, September 27th. BidaskClub raised Aerojet Rocketdyne from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 23rd. Zacks Investment Research cut Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Jefferies Group cut Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 price target for the company. in a research note on Monday, October 23rd. Finally, CL King raised Aerojet Rocketdyne from a “neutral” rating to a “buy” rating in a research note on Friday, September 22nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Aerojet Rocketdyne currently has a consensus rating of “Buy” and an average target price of $35.33.

Aerojet Rocketdyne Holdings, Inc. (AJRD) opened at $30.36 on Friday. Aerojet Rocketdyne Holdings, Inc. has a 52 week low of $17.56 and a 52 week high of $36.25. The stock has a market capitalization of $2,317.59, a price-to-earnings ratio of 37.63, a PEG ratio of 6.68 and a beta of 1.41. The company has a quick ratio of 1.38, a current ratio of 1.66 and a debt-to-equity ratio of 3.94.

Aerojet Rocketdyne (NYSE:AJRD) last released its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.03). Aerojet Rocketdyne had a return on equity of 60.91% and a net margin of 3.24%. The business had revenue of $484.00 million during the quarter, compared to the consensus estimate of $487.48 million. Aerojet Rocketdyne’s revenue for the quarter was up 4.3% compared to the same quarter last year. research analysts expect that Aerojet Rocketdyne Holdings, Inc. will post 0.84 EPS for the current year.

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Aerojet Rocketdyne 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.

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

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