Teacher Retirement System of Texas bought a new position in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 21,775 shares of the aerospace company’s stock, valued at approximately $679,000.
Other hedge funds also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new stake in Aerojet Rocketdyne in the 3rd quarter worth approximately $101,000. IFP Advisors Inc raised its position in Aerojet Rocketdyne by 1,129.9% during the 4th quarter. IFP Advisors Inc now owns 3,542 shares of the aerospace company’s stock worth $111,000 after buying an additional 3,254 shares during the last quarter. SG Americas Securities LLC purchased a new position in Aerojet Rocketdyne during the 3rd quarter worth approximately $201,000. Ballentine Partners LLC purchased a new position in Aerojet Rocketdyne during the 3rd quarter worth approximately $210,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in Aerojet Rocketdyne by 307.5% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,312 shares of the aerospace company’s stock worth $221,000 after buying an additional 4,763 shares during the last quarter. Institutional investors own 97.76% of the company’s stock.
Aerojet Rocketdyne Holdings, Inc. (AJRD) opened at $28.11 on Friday. Aerojet Rocketdyne Holdings, Inc. has a 1 year low of $20.06 and a 1 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 cap of $2,111.06, a P/E ratio of -200.79, a price-to-earnings-growth ratio of 4.91 and a beta of 1.10.
Separately, Zacks Investment Research lowered shares of Aerojet Rocketdyne from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Aerojet Rocketdyne has an average rating of “Buy” and a consensus price target of $37.33.
Aerojet Rocketdyne Profile
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.
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