Fmr LLC lowered its position in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 32.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,905,369 shares of the aerospace company’s stock after selling 2,371,583 shares during the quarter. Fmr LLC owned approximately 6.58% of Aerojet Rocketdyne Holdings worth $102,032,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AJRD. BlackRock Inc. grew its stake in Aerojet Rocketdyne Holdings by 208,237.4% in the first quarter. BlackRock Inc. now owns 9,712,688 shares of the aerospace company’s stock worth $210,766,000 after purchasing an additional 9,708,026 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Aerojet Rocketdyne Holdings by 42.2% in the second quarter. Bank of New York Mellon Corp now owns 1,440,290 shares of the aerospace company’s stock worth $29,958,000 after purchasing an additional 427,755 shares in the last quarter. Teachers Advisors LLC grew its stake in Aerojet Rocketdyne Holdings by 422.3% in the second quarter. Teachers Advisors LLC now owns 527,684 shares of the aerospace company’s stock worth $10,976,000 after purchasing an additional 426,661 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Aerojet Rocketdyne Holdings by 106.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 534,138 shares of the aerospace company’s stock worth $11,111,000 after purchasing an additional 275,314 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Aerojet Rocketdyne Holdings by 17.6% in the first quarter. Renaissance Technologies LLC now owns 1,758,295 shares of the aerospace company’s stock worth $38,155,000 after purchasing an additional 263,500 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) opened at 35.37 on Tuesday. The firm’s 50-day moving average price is $31.01 and its 200-day moving average price is $24.55. Aerojet Rocketdyne Holdings, Inc. has a 12-month low of $16.04 and a 12-month high of $36.25. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 68.55 and a beta of 1.50.

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

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A number of analysts have weighed in on the company. Zacks Investment Research lowered Aerojet Rocketdyne Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. SunTrust Banks, Inc. restated a “buy” rating on shares of Aerojet Rocketdyne Holdings in a report on Wednesday, September 27th. BidaskClub upgraded Aerojet Rocketdyne Holdings from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 23rd. Finally, CL King upgraded Aerojet Rocketdyne Holdings from a “neutral” rating to a “buy” rating in a report on Friday, September 22nd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $27.33.

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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