Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $28.38 and last traded at $28.38, with a volume of 1,409,329 shares. The stock had previously closed at $27.65.

AJRD has been the topic of several recent analyst reports. Zacks Investment Research lowered Aerojet Rocketdyne Holdings from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 11th. BidaskClub upgraded Aerojet Rocketdyne Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th.

The firm’s 50-day moving average price is $24.29 and its 200 day moving average price is $21.94. The stock has a market cap of $2.13 billion, a P/E ratio of 55.00 and a beta of 1.53.

Aerojet Rocketdyne Holdings (NYSE:AJRD) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.17. Aerojet Rocketdyne Holdings had a return on equity of 153.06% and a net margin of 2.00%. The company had revenue of $459.60 million for the quarter, compared to analyst estimates of $433.71 million. During the same period last year, the company earned $0.09 earnings per share. The business’s revenue was up 12.5% compared to the same quarter last year. Equities research analysts forecast that Aerojet Rocketdyne Holdings, Inc. will post $0.90 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC increased its stake in 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 increased its stake in 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. State of Alaska Department of Revenue increased its stake in 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. Glen Harbor Capital Management LLC increased its stake in 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. Finally, Janney Montgomery Scott LLC bought a new stake in Aerojet Rocketdyne Holdings during the first quarter worth $723,000. Hedge funds and other institutional investors own 92.90% of the company’s stock.

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About Aerojet Rocketdyne Holdings

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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