Zacks Investment Research upgraded shares of Aerojet Rocketdyne (NYSE:AJRD) from a sell rating to a hold rating in a research note released on Friday.
According to Zacks, “Aerojet Rocketdyne Holdings, Inc. focuses on developing military, civil and commercial systems and components for the aerospace and defense industry markets. Aerojet Rocketdyne Holdings, Inc., formerly known as GenCorp, Inc., is headquartered in Sacramento, California. “
Shares of Aerojet Rocketdyne (AJRD) traded up $0.46 during midday trading on Friday, hitting $28.11. The stock had a trading volume of 601,784 shares, compared to its average volume of 933,974. Aerojet Rocketdyne has a one year low of $20.06 and a one year high of $36.25. The company has a debt-to-equity ratio of 5.78, a quick ratio of 1.48 and a current ratio of 1.71. The stock has a market capitalization of $2,076.51, a PE ratio of -200.79, a PEG ratio of 4.83 and a beta of 1.10.
A number of institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its position in Aerojet Rocketdyne by 0.3% during the third quarter. Principal Financial Group Inc. now owns 578,611 shares of the aerospace company’s stock worth $20,257,000 after buying an additional 1,838 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Aerojet Rocketdyne by 6.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 32,300 shares of the aerospace company’s stock worth $1,008,000 after purchasing an additional 1,900 shares during the last quarter. Keybank National Association OH lifted its stake in shares of Aerojet Rocketdyne by 2.8% in the 3rd quarter. Keybank National Association OH now owns 73,273 shares of the aerospace company’s stock valued at $2,565,000 after acquiring an additional 2,023 shares during the last quarter. Greenleaf Trust lifted its stake in shares of Aerojet Rocketdyne by 97.2% in the 4th quarter. Greenleaf Trust now owns 4,300 shares of the aerospace company’s stock valued at $134,000 after acquiring an additional 2,120 shares during the last quarter. Finally, Comerica Bank increased its holdings in Aerojet Rocketdyne by 3.0% during the 3rd quarter. Comerica Bank now owns 80,541 shares of the aerospace company’s stock valued at $2,541,000 after purchasing an additional 2,372 shares during the period. Institutional investors and hedge funds own 97.76% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Aerojet Rocketdyne (AJRD) Lifted to Hold at Zacks Investment Research” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3253346/aerojet-rocketdyne-ajrd-lifted-to-hold-at-zacks-investment-research.html.
About Aerojet Rocketdyne
GenCorp Inc, incorporated in 1915, is a manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets. The Company develops and manufactures propulsion systems for defense and space applications, and armaments for precision tactical and long range weapon systems applications.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Aerojet Rocketdyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aerojet Rocketdyne and related companies with MarketBeat.com's FREE daily email newsletter.