Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund grew its holdings in shares of Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,399 shares of the aerospace company’s stock after purchasing an additional 500 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Aerojet Rocketdyne were worth $1,271,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Manchester Capital Management LLC acquired a new position in shares of Aerojet Rocketdyne in the 1st quarter valued at $36,000. Pearl River Capital LLC acquired a new stake in Aerojet Rocketdyne during the 1st quarter worth about $64,000. Osborn Williams & Donohoe LLC acquired a new stake in Aerojet Rocketdyne during the 1st quarter worth about $82,000. Nikko Asset Management Americas Inc. boosted its position in Aerojet Rocketdyne by 383.5% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 5,024 shares of the aerospace company’s stock worth $179,000 after acquiring an additional 3,985 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Aerojet Rocketdyne by 16.2% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,529 shares of the aerospace company’s stock worth $196,000 after acquiring an additional 769 shares during the period.

Shares of AJRD traded up $0.31 during midday trading on Tuesday, reaching $48.63. 5,905 shares of the stock were exchanged, compared to its average volume of 597,230. Aerojet Rocketdyne Holdings Inc has a 12-month low of $29.40 and a 12-month high of $49.74. The business has a 50 day simple moving average of $44.63. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a market cap of $3.82 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 5.10 and a beta of 0.55.

Aerojet Rocketdyne (NYSE:AJRD) last posted its quarterly earnings results on Wednesday, July 31st. The aerospace company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.10. Aerojet Rocketdyne had a return on equity of 30.58% and a net margin of 8.95%. The company had revenue of $485.00 million during the quarter, compared to the consensus estimate of $473.98 million. During the same period last year, the business earned $0.45 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, sell-side analysts predict that Aerojet Rocketdyne Holdings Inc will post 1.67 earnings per share for the current year.

AJRD has been the subject of a number of research reports. SunTrust Banks raised their price objective on Aerojet Rocketdyne to $55.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Canaccord Genuity initiated coverage on Aerojet Rocketdyne in a research report on Friday, June 28th. They set a “buy” rating and a $50.00 price objective for the company. Zacks Investment Research upgraded Aerojet Rocketdyne from a “sell” rating to a “hold” rating and set a $52.00 price objective for the company in a research report on Friday. Finally, ValuEngine raised Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $52.33.

About Aerojet Rocketdyne

Aerojet Rocketdyne Holdings, Inc designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. The company operates through 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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Institutional Ownership by Quarter for Aerojet Rocketdyne (NYSE:AJRD)

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