Inspire Investing LLC purchased a new position in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,478 shares of the aerospace company’s stock, valued at approximately $239,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Parisi Gray Wealth Management purchased a new stake in shares of Aerojet Rocketdyne during the second quarter worth about $25,000. IFP Advisors Inc grew its position in shares of Aerojet Rocketdyne by 300.9% during the third quarter. IFP Advisors Inc now owns 461 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 346 shares in the last quarter. Herold Advisors Inc. purchased a new stake in shares of Aerojet Rocketdyne during the third quarter worth about $37,000. Meeder Asset Management Inc. grew its position in shares of Aerojet Rocketdyne by 127.3% during the third quarter. Meeder Asset Management Inc. now owns 866 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 485 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in shares of Aerojet Rocketdyne by 74.0% during the second quarter. O Shaughnessy Asset Management LLC now owns 1,576 shares of the aerospace company’s stock worth $76,000 after purchasing an additional 670 shares in the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.
NYSE AJRD opened at $42.98 on Friday. The stock has a market capitalization of $3.46 billion, a PE ratio of 25.13 and a beta of 0.42. The business has a 50 day simple moving average of $44.40 and a two-hundred day simple moving average of $44.48. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.45 and a quick ratio of 1.45. Aerojet Rocketdyne Holdings, Inc. has a 1-year low of $39.85 and a 1-year high of $53.34.
Aerojet Rocketdyne (NYSE:AJRD) last released its quarterly earnings results on Monday, October 25th. The aerospace company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. The business had revenue of $545.30 million during the quarter, compared to analysts’ expectations of $548.27 million. Aerojet Rocketdyne had a return on equity of 52.80% and a net margin of 6.55%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. On average, analysts anticipate that Aerojet Rocketdyne Holdings, Inc. will post 2.04 EPS for the current fiscal year.
Aerojet Rocketdyne Profile
Aerojet Rocketdyne Holdings, Inc engages in providing 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 & Defense, and Real Estate. The Aerospace & Defense segment operates through the Aerojet Rocketdyne, Inc in developing and manufacturing of 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.
Further Reading: Return on Investment (ROI)
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