Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Holdings Raised by Lazard Asset Management LLC

Lazard Asset Management LLC lifted its stake in shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRDGet Rating) by 54.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,883 shares of the aerospace company’s stock after purchasing an additional 1,365 shares during the quarter. Lazard Asset Management LLC’s holdings in Aerojet Rocketdyne were worth $157,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE raised its position in Aerojet Rocketdyne by 247.6% in the first quarter. US Bancorp DE now owns 643 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 458 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Aerojet Rocketdyne by 307.0% in the second quarter. Parkside Financial Bank & Trust now owns 700 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 528 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in Aerojet Rocketdyne by 588.2% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,053 shares of the aerospace company’s stock worth $43,000 after acquiring an additional 900 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Aerojet Rocketdyne by 22,333.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,346 shares of the aerospace company’s stock worth $54,000 after acquiring an additional 1,340 shares in the last quarter. Finally, Byrne Asset Management LLC raised its position in Aerojet Rocketdyne by 77.6% in the second quarter. Byrne Asset Management LLC now owns 1,350 shares of the aerospace company’s stock worth $55,000 after acquiring an additional 590 shares in the last quarter. 94.77% of the stock is currently owned by institutional investors.

Aerojet Rocketdyne Price Performance

NYSE AJRD opened at $51.15 on Tuesday. The stock’s 50-day moving average price is $45.01 and its two-hundred day moving average price is $42.62. 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 company has a market cap of $4.12 billion, a PE ratio of 44.09 and a beta of 0.57. Aerojet Rocketdyne Holdings, Inc. has a 1 year low of $35.47 and a 1 year high of $51.93.

Aerojet Rocketdyne (NYSE:AJRDGet Rating) last posted its quarterly earnings data on Tuesday, November 1st. The aerospace company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. Aerojet Rocketdyne had a return on equity of 22.96% and a net margin of 4.40%. The firm had revenue of $549.80 million for the quarter, compared to the consensus estimate of $558.27 million. During the same quarter in the previous year, the company earned $0.58 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. On average, 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 report on Wednesday, October 12th. They set a “hold” rating on the stock.

Aerojet Rocketdyne Company Profile

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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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