OppenheimerFunds Inc. Acquires 65,126 Shares of Aerojet Rocketdyne Holdings Inc (NYSE:AJRD)

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OppenheimerFunds Inc. grew its position in Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) by 12.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 605,206 shares of the aerospace company’s stock after purchasing an additional 65,126 shares during the period. OppenheimerFunds Inc.’s holdings in Aerojet Rocketdyne were worth $21,504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. OmniStar Financial Group Inc. grew its position in Aerojet Rocketdyne by 3.2% in the 4th quarter. OmniStar Financial Group Inc. now owns 8,257 shares of the aerospace company’s stock worth $291,000 after purchasing an additional 257 shares during the last quarter. Arizona State Retirement System grew its position in Aerojet Rocketdyne by 0.3% in the 1st quarter. Arizona State Retirement System now owns 111,254 shares of the aerospace company’s stock worth $3,953,000 after purchasing an additional 319 shares during the last quarter. Fruth Investment Management grew its position in Aerojet Rocketdyne by 6.1% in the 1st quarter. Fruth Investment Management now owns 8,700 shares of the aerospace company’s stock worth $309,000 after purchasing an additional 500 shares during the last quarter. Bridges Investment Management Inc. grew its position in Aerojet Rocketdyne by 3.2% in the 1st quarter. Bridges Investment Management Inc. now owns 16,000 shares of the aerospace company’s stock worth $569,000 after purchasing an additional 500 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in Aerojet Rocketdyne by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 27,899 shares of the aerospace company’s stock worth $991,000 after purchasing an additional 504 shares during the last quarter.

Several research analysts have commented on AJRD shares. ValuEngine upgraded shares of Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a research report on Thursday. SunTrust Banks upped their target price on shares of Aerojet Rocketdyne to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Finally, Zacks Investment Research cut shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Aerojet Rocketdyne presently has an average rating of “Buy” and an average target price of $45.00.

In other news, CEO Eileen P. Drake sold 29,592 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $34.42, for a total value of $1,018,556.64. Following the completion of the sale, the chief executive officer now directly owns 382,236 shares of the company’s stock, valued at approximately $13,156,563.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Shares of NYSE:AJRD opened at $41.56 on Friday. The company has a market capitalization of $3.22 billion, a PE ratio of 21.53, a P/E/G ratio of 4.46 and a beta of 0.49. Aerojet Rocketdyne Holdings Inc has a twelve month low of $27.69 and a twelve month high of $41.74. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.79.

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

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Aerojet Rocketdyne Profile

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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