JPMorgan Chase & Co. lessened its stake in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 2.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,546 shares of the aerospace company’s stock after selling 2,718 shares during the period. JPMorgan Chase & Co. owned 0.14% of Aerojet Rocketdyne worth $3,588,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. grew its position in Aerojet Rocketdyne by 6.8% in the 2nd quarter. BlackRock Inc. now owns 10,372,466 shares of the aerospace company’s stock valued at $215,747,000 after buying an additional 659,778 shares in the last quarter. Vanguard Group Inc. grew its position in Aerojet Rocketdyne by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,740,974 shares of the aerospace company’s stock valued at $77,813,000 after buying an additional 246,605 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Aerojet Rocketdyne by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,184,314 shares of the aerospace company’s stock valued at $45,434,000 after buying an additional 121,334 shares in the last quarter. State Street Corp grew its position in Aerojet Rocketdyne by 25.4% in the 2nd quarter. State Street Corp now owns 2,139,438 shares of the aerospace company’s stock valued at $44,504,000 after buying an additional 433,398 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Aerojet Rocketdyne by 2.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,809,895 shares of the aerospace company’s stock valued at $37,646,000 after buying an additional 51,600 shares in the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Aerojet Rocketdyne Holdings, Inc. (NYSE AJRD) opened at $30.68 on Thursday. Aerojet Rocketdyne Holdings, Inc. has a 12-month low of $17.69 and a 12-month high of $36.25. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.38 and a current ratio of 1.66. The firm has a market cap of $2,340.12, a PE ratio of 37.42, a PEG ratio of 5.18 and a beta of 1.41.

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

In other Aerojet Rocketdyne news, Director Martin Turchin sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $30.73, for a total transaction of $307,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James R. Henderson sold 53,234 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $29.97, for a total transaction of $1,595,422.98. Following the sale, the director now directly owns 113,341 shares of the company’s stock, valued at $3,396,829.77. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,235 shares of company stock valued at $2,652,753. Insiders own 2.70% of the company’s stock.

AJRD has been the subject of a number of recent analyst reports. Jefferies Group lowered shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 target price for the company. in a research report on Monday, October 23rd. BidaskClub lowered shares of Aerojet Rocketdyne from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. SunTrust Banks restated a “buy” rating and set a $40.00 price objective on shares of Aerojet Rocketdyne in a research report on Friday, November 3rd. Zacks Investment Research lowered shares of Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, CL King upgraded shares of Aerojet Rocketdyne from a “neutral” rating to a “buy” rating in a research report on Friday, September 22nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $37.00.

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About Aerojet Rocketdyne

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 (NYSE:AJRD)

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