Sanctuary Wealth Advisors LLC bought a new position in shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 128,496 shares of the aerospace company’s stock, valued at approximately $4,499,000. Aerojet Rocketdyne Holdings makes up 3.5% of Sanctuary Wealth Advisors LLC’s investment portfolio, making the stock its largest position. Sanctuary Wealth Advisors LLC owned approximately 0.17% of Aerojet Rocketdyne Holdings at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AJRD. Municipal Employees Retirement System of Michigan raised its holdings in Aerojet Rocketdyne Holdings by 60.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 28,270 shares of the aerospace company’s stock worth $990,000 after purchasing an additional 10,610 shares during the period. New York State Common Retirement Fund raised its holdings in Aerojet Rocketdyne Holdings by 178.1% in the third quarter. New York State Common Retirement Fund now owns 205,525 shares of the aerospace company’s stock worth $7,195,000 after purchasing an additional 131,625 shares during the period. Ballentine Partners LLC acquired a new stake in Aerojet Rocketdyne Holdings in the third quarter worth $210,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Aerojet Rocketdyne Holdings by 58.9% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 97,106 shares of the aerospace company’s stock worth $3,400,000 after purchasing an additional 35,997 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in Aerojet Rocketdyne Holdings by 48.2% in the third quarter. BNP Paribas Arbitrage SA now owns 45,796 shares of the aerospace company’s stock worth $1,603,000 after purchasing an additional 14,896 shares during the period. Institutional investors own 93.04% of the company’s stock.

Aerojet Rocketdyne Holdings, Inc. (AJRD) traded down $0.76 during trading on Monday, reaching $29.09. 570,000 shares of the company were exchanged, compared to its average volume of 603,343. The company has a market capitalization of $2,184.66, a P/E ratio of 35.48, a P/E/G ratio of 6.30 and a beta of 1.43. Aerojet Rocketdyne Holdings, Inc. has a 1-year low of $17.56 and a 1-year high of $36.25. The company has a current ratio of 1.66, a quick ratio of 1.38 and a debt-to-equity ratio of 3.94.

Aerojet Rocketdyne Holdings (NYSE:AJRD) last released its earnings results on Thursday, November 2nd. The aerospace company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The business had revenue of $484.00 million during the quarter, compared to the consensus estimate of $487.48 million. Aerojet Rocketdyne Holdings had a net margin of 3.24% and a return on equity of 60.91%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. analysts predict that Aerojet Rocketdyne Holdings, Inc. will post 0.84 earnings per share for the current fiscal year.

In other Aerojet Rocketdyne Holdings news, Director James H. Perry sold 25,001 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $30.00, for a total value of $750,030.00. Following the completion of the sale, the director now owns 166,959 shares in the company, valued at $5,008,770. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.70% of the stock is currently owned by company insiders.

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AJRD has been the topic of several analyst reports. BidaskClub upgraded shares of Aerojet Rocketdyne Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research raised shares of Aerojet Rocketdyne Holdings from a “sell” rating to a “hold” rating and set a $31.00 price objective for the company in a research report on Tuesday, August 8th. CL King raised shares of Aerojet Rocketdyne Holdings from a “neutral” rating to a “buy” rating in a research report on Friday, September 22nd. SunTrust Banks, Inc. reissued a “buy” rating on shares of Aerojet Rocketdyne Holdings in a research report on Wednesday, September 27th. Finally, Jefferies Group LLC downgraded shares of Aerojet Rocketdyne Holdings from a “buy” rating to a “hold” rating and set a $35.00 price objective for the company. in a research report on Monday, October 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $35.33.

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.

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

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