SeaCrest Wealth Management LLC Makes New Investment in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD)

SeaCrest Wealth Management LLC purchased a new position in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRDGet Rating) in the second quarter, HoldingsChannel.com reports. The firm purchased 1,200 shares of the aerospace company’s stock, valued at approximately $49,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AJRD. US Bancorp DE boosted its holdings in Aerojet Rocketdyne by 247.6% in the 1st quarter. US Bancorp DE now owns 643 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 458 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Aerojet Rocketdyne by 307.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 700 shares of the aerospace company’s stock valued at $28,000 after buying an additional 528 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Aerojet Rocketdyne by 588.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,053 shares of the aerospace company’s stock valued at $43,000 after buying an additional 900 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Aerojet Rocketdyne by 22,333.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,346 shares of the aerospace company’s stock valued at $54,000 after buying an additional 1,340 shares during the last quarter. Finally, Byrne Asset Management LLC boosted its stake in shares of Aerojet Rocketdyne by 77.6% during the 2nd quarter. Byrne Asset Management LLC now owns 1,350 shares of the aerospace company’s stock valued at $55,000 after buying an additional 590 shares during the last quarter. Hedge funds and other institutional investors own 94.77% of the company’s stock.

Aerojet Rocketdyne Stock Performance

AJRD stock opened at $51.21 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The firm has a market cap of $4.12 billion, a P/E ratio of 44.15 and a beta of 0.57. Aerojet Rocketdyne Holdings, Inc. has a 12-month low of $35.47 and a 12-month high of $51.93. The stock’s 50 day simple moving average is $44.89 and its 200 day simple moving average is $42.54.

Aerojet Rocketdyne (NYSE:AJRDGet Rating) last posted its quarterly earnings results on Tuesday, November 1st. The aerospace company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $549.80 million for the quarter, compared to analyst estimates of $558.27 million. Aerojet Rocketdyne had a return on equity of 22.96% and a net margin of 4.40%. The business’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.58 EPS. As a group, equities research analysts predict that Aerojet Rocketdyne Holdings, Inc. will post 1.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Aerojet Rocketdyne in a research note on Wednesday, October 12th. They set a “hold” rating for the company.

Aerojet Rocketdyne Company Profile

(Get Rating)

Aerojet Rocketdyne Holdings, Inc designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. It operates in 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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