Insider Selling: Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) Director Sells 10,000 Shares of Stock

Share on StockTwits

Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) Director Thomas A. Corcoran sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $48.94, for a total value of $489,400.00. Following the completion of the sale, the director now directly owns 4,032 shares of the company’s stock, valued at $197,326.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

NYSE:AJRD opened at $48.55 on Friday. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 4.67 and a beta of 0.55. Aerojet Rocketdyne Holdings Inc has a 1 year low of $29.40 and a 1 year high of $50.99. The business has a 50 day simple moving average of $46.04 and a 200-day simple moving average of $39.27. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.53 and a quick ratio of 1.53.

Aerojet Rocketdyne (NYSE:AJRD) last issued its quarterly earnings results on Wednesday, July 31st. The aerospace company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.10. Aerojet Rocketdyne had a return on equity of 30.58% and a net margin of 8.95%. The firm had revenue of $485.00 million during the quarter, compared to analyst estimates of $473.98 million. During the same period last year, the company earned $0.45 EPS. Aerojet Rocketdyne’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, analysts expect that Aerojet Rocketdyne Holdings Inc will post 1.9 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Aerojet Rocketdyne by 17.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 8,824,034 shares of the aerospace company’s stock worth $395,052,000 after acquiring an additional 1,289,760 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Aerojet Rocketdyne by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 8,648,206 shares of the aerospace company’s stock worth $387,180,000 after acquiring an additional 234,198 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Aerojet Rocketdyne by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,467,725 shares of the aerospace company’s stock worth $86,937,000 after acquiring an additional 54,328 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in shares of Aerojet Rocketdyne by 3.1% during the 2nd quarter. Eagle Asset Management Inc. now owns 2,204,055 shares of the aerospace company’s stock worth $98,675,000 after acquiring an additional 66,729 shares during the last quarter. Finally, Carillon Tower Advisers Inc. lifted its stake in shares of Aerojet Rocketdyne by 1.5% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 1,956,894 shares of the aerospace company’s stock worth $87,610,000 after acquiring an additional 29,175 shares during the last quarter.

Several equities research analysts have recently issued reports on AJRD shares. Canaccord Genuity started coverage on Aerojet Rocketdyne in a research note on Friday, June 28th. They issued a “buy” rating and a $50.00 price objective for the company. ValuEngine raised Aerojet Rocketdyne from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th. SunTrust Banks raised their price objective on Aerojet Rocketdyne to $55.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research raised Aerojet Rocketdyne from a “sell” rating to a “hold” rating and set a $52.00 price objective for the company in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $52.33.

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.

Further Reading: What is a Roth IRA?

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.



Latest News

Blackstone Group LP  Major Shareholder Buys $506,016.56 in Stock
Blackstone Group LP Major Shareholder Buys $506,016.56 in Stock
United Technologies Co.  EVP Sells $567,012.42 in Stock
United Technologies Co. EVP Sells $567,012.42 in Stock
Tyler Technologies, Inc.  Director Sells $453,336.45 in Stock
Tyler Technologies, Inc. Director Sells $453,336.45 in Stock
Michael Frederick Klein Sells 3,545 Shares of Travelers Companies Inc  Stock
Michael Frederick Klein Sells 3,545 Shares of Travelers Companies Inc Stock
David Granot Sells 7,500 Shares of Ormat Technologies, Inc.  Stock
David Granot Sells 7,500 Shares of Ormat Technologies, Inc. Stock
Insider Buying: Viewray Inc  CEO Buys 131,260 Shares of Stock
Insider Buying: Viewray Inc CEO Buys 131,260 Shares of Stock


© 2006-2019 Ticker Report