Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) shares saw unusually-high trading volume on Friday . Approximately 3,274,027 shares were traded during trading, an increase of 344% from the previous session’s volume of 737,589 shares.The stock last traded at $33.92 and had previously closed at $33.49.

AJRD has been the topic of several research analyst reports. Zacks Investment Research raised Aerojet Rocketdyne from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. TheStreet raised Aerojet Rocketdyne from a “c+” rating to a “b” rating in a research report on Friday, August 3rd. Finally, SunTrust Banks lifted their price target on Aerojet Rocketdyne from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday, August 21st. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $36.67.

The stock has a market capitalization of $2.55 billion, a P/E ratio of 45.58, a P/E/G ratio of 4.82 and a beta of 1.08. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.60 and a quick ratio of 1.60.

Aerojet Rocketdyne (NYSE:AJRD) last released its quarterly earnings results on Monday, July 30th. The aerospace company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.27 by $0.18. The company had revenue of $467.20 million for the quarter, compared to analyst estimates of $457.41 million. Aerojet Rocketdyne had a return on equity of 46.03% and a net margin of 0.48%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 earnings per share. research analysts predict that Aerojet Rocketdyne Holdings Inc will post 1.27 earnings per share for the current fiscal year.

In other news, Director Martin Turchin sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $36.43, for a total value of $182,150.00. Following the transaction, the director now owns 90,650 shares of the company’s stock, valued at $3,302,379.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James H. Perry sold 25,225 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $34.33, for a total value of $865,974.25. Following the completion of the transaction, the director now directly owns 113,140 shares in the company, valued at approximately $3,884,096.20. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Northern Trust Corp increased its holdings in shares of Aerojet Rocketdyne by 3.7% in the second quarter. Northern Trust Corp now owns 911,436 shares of the aerospace company’s stock valued at $26,877,000 after purchasing an additional 32,286 shares during the period. Advisors Asset Management Inc. acquired a new position in shares of Aerojet Rocketdyne in the second quarter valued at approximately $278,000. Waddell & Reed Financial Inc. acquired a new position in shares of Aerojet Rocketdyne in the second quarter valued at approximately $7,081,000. Voya Investment Management LLC increased its holdings in shares of Aerojet Rocketdyne by 93.8% in the second quarter. Voya Investment Management LLC now owns 57,985 shares of the aerospace company’s stock valued at $1,710,000 after purchasing an additional 28,069 shares during the period. Finally, Raymond James & Associates acquired a new position in shares of Aerojet Rocketdyne in the second quarter valued at approximately $592,000.

About Aerojet Rocketdyne (NYSE:AJRD)

Aerojet Rocketdyne Holdings, Inc designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. The company operates through two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers aerospace and defense products and systems for the United States government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors.

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