1,054,464 Shares in Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) Purchased by Clearbridge Investments LLC

Clearbridge Investments LLC purchased a new stake in Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,054,464 shares of the aerospace company’s stock, valued at approximately $37,465,000. Clearbridge Investments LLC owned about 1.34% of Aerojet Rocketdyne as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in AJRD. Rhumbline Advisers increased its holdings in Aerojet Rocketdyne by 26.7% during the fourth quarter. Rhumbline Advisers now owns 170,393 shares of the aerospace company’s stock valued at $6,003,000 after buying an additional 35,876 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in Aerojet Rocketdyne during the fourth quarter valued at approximately $27,000. Comerica Bank increased its holdings in Aerojet Rocketdyne by 4.0% during the fourth quarter. Comerica Bank now owns 70,082 shares of the aerospace company’s stock valued at $2,733,000 after buying an additional 2,681 shares during the last quarter. Mackenzie Financial Corp increased its holdings in Aerojet Rocketdyne by 118.0% during the fourth quarter. Mackenzie Financial Corp now owns 200,986 shares of the aerospace company’s stock valued at $7,081,000 after buying an additional 108,802 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. increased its holdings in Aerojet Rocketdyne by 7.0% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 17,150 shares of the aerospace company’s stock valued at $604,000 after buying an additional 1,119 shares during the last quarter.

Shares of NYSE AJRD traded up $0.38 during midday trading on Friday, reaching $46.21. The stock had a trading volume of 356,416 shares, compared to its average volume of 659,948. The business’s 50-day simple moving average is $41.86. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market cap of $3.63 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 4.99 and a beta of 0.58. Aerojet Rocketdyne Holdings Inc has a 12-month low of $27.69 and a 12-month high of $46.82.

Aerojet Rocketdyne (NYSE:AJRD) last announced its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.17. The firm had revenue of $491.70 million during the quarter, compared to analysts’ expectations of $478.20 million. Aerojet Rocketdyne had a net margin of 8.55% and a return on equity of 34.95%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 earnings per share. Sell-side analysts predict that Aerojet Rocketdyne Holdings Inc will post 1.67 earnings per share for the current fiscal year.

A number of analysts have commented on AJRD shares. ValuEngine raised shares of WEX from a “hold” rating to a “buy” rating in a report on Thursday, June 13th. Zacks Investment Research cut shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. Finally, Canaccord Genuity set a $18.00 price objective on shares of Zynerba Pharmaceuticals and gave the stock a “buy” rating in a research note on Friday, June 28th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $46.67.

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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