State of Alaska Department of Revenue Has $2.82 Million Position in Aerojet Rocketdyne Holdings Inc (NYSE:AJRD)

State of Alaska Department of Revenue raised its stake in Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) by 126.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,818 shares of the aerospace company’s stock after purchasing an additional 31,187 shares during the period. State of Alaska Department of Revenue owned 0.07% of Aerojet Rocketdyne worth $2,819,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. NEXT Financial Group Inc acquired a new position in shares of Aerojet Rocketdyne in the second quarter valued at about $43,000. Quantamental Technologies LLC bought a new stake in Aerojet Rocketdyne during the second quarter worth about $73,000. NumerixS Investment Technologies Inc bought a new stake in Aerojet Rocketdyne during the second quarter worth about $76,000. Point72 Hong Kong Ltd bought a new stake in Aerojet Rocketdyne during the second quarter worth about $76,000. Finally, Point72 Asset Management L.P. bought a new stake in Aerojet Rocketdyne during the second quarter worth about $121,000.

Several equities research analysts recently weighed in on AJRD shares. JPMorgan Chase & Co. started coverage on shares of Aerojet Rocketdyne in a research report on Tuesday, September 10th. They set a “neutral” rating and a $52.00 price objective for the company. SunTrust Banks upped their price objective on shares of Aerojet Rocketdyne to $55.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research raised shares of Aerojet Rocketdyne from a “sell” rating to a “hold” rating and set a $52.00 price objective for the company in a research report on Friday, August 2nd. Canaccord Genuity started coverage on shares of Aerojet Rocketdyne in a report on Friday, June 28th. They issued a “buy” rating and a $50.00 target price for the company. Finally, ValuEngine cut shares of Aerojet Rocketdyne from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Aerojet Rocketdyne presently has a consensus rating of “Buy” and a consensus target price of $52.25.

In related news, CEO Eileen P. Drake sold 38,656 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $52.07, for a total value of $2,012,817.92. Following the completion of the transaction, the chief executive officer now owns 358,271 shares in the company, valued at approximately $18,655,170.97. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 transaction of $489,400.00. Following the completion of the transaction, the director now owns 4,032 shares of the company’s stock, valued at approximately $197,326.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,656 shares of company stock valued at $2,740,068. 3.00% of the stock is owned by company insiders.

Shares of AJRD stock traded down $0.13 on Wednesday, reaching $48.01. The company had a trading volume of 2,005 shares, compared to its average volume of 769,600. The stock has a market capitalization of $3.79 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 4.80 and a beta of 0.42. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.78. Aerojet Rocketdyne Holdings Inc has a one year low of $29.40 and a one year high of $52.84. The business’s 50-day moving average is $50.84 and its 200 day moving average is $42.78.

Aerojet Rocketdyne (NYSE:AJRD) last posted its earnings results on Wednesday, July 31st. The aerospace company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10. The firm had revenue of $485.00 million during the quarter, compared to analysts’ expectations of $473.98 million. Aerojet Rocketdyne had a net margin of 8.95% and a return on equity of 30.58%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. On average, sell-side analysts forecast that Aerojet Rocketdyne Holdings Inc will post 1.84 earnings per share for the current fiscal year.

Aerojet Rocketdyne Company 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.

Read More: How does a 12b-1 fee affect fund performance?

Want to see what other hedge funds are holding AJRD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aerojet Rocketdyne Holdings Inc (NYSE:AJRD).

Institutional Ownership by Quarter for Aerojet Rocketdyne (NYSE:AJRD)

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.