Bank of America Corp DE increased its position in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 74.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 130,349 shares of the aerospace company’s stock after buying an additional 55,792 shares during the period. Bank of America Corp DE owned 0.17% of Aerojet Rocketdyne Holdings worth $2,829,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Teachers Advisors LLC boosted its position in shares of Aerojet Rocketdyne Holdings by 4.3% in the fourth quarter. Teachers Advisors LLC now owns 99,713 shares of the aerospace company’s stock worth $1,790,000 after buying an additional 4,128 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Aerojet Rocketdyne Holdings by 8.5% in the first quarter. Louisiana State Employees Retirement System now owns 30,500 shares of the aerospace company’s stock worth $662,000 after buying an additional 2,400 shares during the last quarter. National Investment Services Inc. WI bought a new position in shares of Aerojet Rocketdyne Holdings during the first quarter worth approximately $346,000. State of Alaska Department of Revenue boosted its position in shares of Aerojet Rocketdyne Holdings by 9.7% in the first quarter. State of Alaska Department of Revenue now owns 8,260 shares of the aerospace company’s stock worth $179,000 after buying an additional 730 shares during the last quarter. Finally, Glen Harbor Capital Management LLC boosted its position in shares of Aerojet Rocketdyne Holdings by 10.6% in the first quarter. Glen Harbor Capital Management LLC now owns 5,338 shares of the aerospace company’s stock worth $116,000 after buying an additional 510 shares during the last quarter. Institutional investors own 93.41% of the company’s stock.

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) traded up 1.40% on Tuesday, reaching $27.44. The company’s stock had a trading volume of 66,313 shares. The firm has a market cap of $2.04 billion, a PE ratio of 101.63 and a beta of 1.53. The stock’s 50 day moving average price is $21.94 and its 200 day moving average price is $21.10. Aerojet Rocketdyne Holdings, Inc. has a 52-week low of $16.04 and a 52-week high of $27.48.

Aerojet Rocketdyne Holdings (NYSE:AJRD) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.17. The business had revenue of $459.60 million for the quarter, compared to analyst estimates of $433.71 million. Aerojet Rocketdyne Holdings had a return on equity of 153.06% and a net margin of 2.00%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS. Equities research analysts expect that Aerojet Rocketdyne Holdings, Inc. will post $0.86 earnings per share for the current fiscal year.

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A number of research firms have issued reports on AJRD. Zacks Investment Research cut Aerojet Rocketdyne Holdings from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 11th. BidaskClub cut Aerojet Rocketdyne Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th.

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

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