Reinhart Partners Inc. grew its holdings in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 433.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 384,282 shares of the aerospace company’s stock after purchasing an additional 312,274 shares during the period. Reinhart Partners Inc.’s holdings in Aerojet Rocketdyne were worth $11,990,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Schwab Charles Investment Management Inc. increased its holdings in shares of Aerojet Rocketdyne by 2.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 518,842 shares of the aerospace company’s stock valued at $16,188,000 after purchasing an additional 12,827 shares during the period. Louisiana State Employees Retirement System increased its holdings in shares of Aerojet Rocketdyne by 6.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 32,300 shares of the aerospace company’s stock valued at $1,008,000 after purchasing an additional 1,900 shares during the period. Shelton Capital Management acquired a new position in shares of Aerojet Rocketdyne in the 3rd quarter valued at about $234,000. Public Employees Retirement System of Ohio increased its holdings in shares of Aerojet Rocketdyne by 3.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 491,308 shares of the aerospace company’s stock valued at $17,201,000 after purchasing an additional 15,339 shares during the period. Finally, Walthausen & Co. LLC increased its holdings in Aerojet Rocketdyne by 29.0% in the third quarter. Walthausen & Co. LLC now owns 433,014 shares of the aerospace company’s stock worth $15,160,000 after buying an additional 97,240 shares during the last quarter. Institutional investors own 97.52% of the company’s stock.

In other Aerojet Rocketdyne news, Director James H. Perry sold 25,001 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $30.00, for a total transaction of $750,030.00. Following the completion of the sale, the director now owns 166,959 shares of the company’s stock, valued at $5,008,770. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin Turchin sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $30.73, for a total value of $307,300.00. The disclosure for this sale can be found here. Insiders have sold 88,235 shares of company stock valued at $2,652,753 in the last ninety days. Company insiders own 2.70% of the company’s stock.

Shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) traded up $0.15 during trading on Monday, reaching $31.27. The company’s stock had a trading volume of 687,000 shares, compared to its average volume of 666,792. The company has a market capitalization of $2,350.00, a PE ratio of 37.23, a P/E/G ratio of 4.75 and a beta of 1.41. The company has a quick ratio of 1.38, a current ratio of 1.66 and a debt-to-equity ratio of 3.94. Aerojet Rocketdyne Holdings, Inc. has a 52-week low of $17.69 and a 52-week high of $36.25.

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

A number of equities analysts recently commented on the company. SunTrust Banks restated a “buy” rating on shares of Aerojet Rocketdyne in a report on Wednesday, September 27th. Zacks Investment Research downgraded Aerojet Rocketdyne from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Jefferies Group downgraded Aerojet Rocketdyne from a “buy” rating to a “hold” rating and set a $35.00 price objective on the stock. in a report on Monday, October 23rd. Finally, BidaskClub downgraded Aerojet Rocketdyne from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $37.33.

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Aerojet Rocketdyne 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 (NYSE:AJRD)

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