Engineers Gate Manager LP increased its position in shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD – Get Rating) by 157.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,881 shares of the aerospace company's stock after buying an additional 51,852 shares during the quarter. Engineers Gate Manager LP owned about 0.11% of Aerojet Rocketdyne worth $3,340,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. raised its stake in Aerojet Rocketdyne by 39.7% during the 1st quarter. Invesco Ltd. now owns 550,407 shares of the aerospace company's stock worth $21,659,000 after buying an additional 156,338 shares during the period. Hsbc Holdings PLC increased its holdings in Aerojet Rocketdyne by 66.6% during the 1st quarter. Hsbc Holdings PLC now owns 21,409 shares of the aerospace company's stock worth $835,000 after purchasing an additional 8,556 shares in the last quarter. Wexford Capital LP bought a new stake in Aerojet Rocketdyne during the 1st quarter worth approximately $529,000. Renaissance Technologies LLC increased its holdings in Aerojet Rocketdyne by 169.4% during the 1st quarter. Renaissance Technologies LLC now owns 45,800 shares of the aerospace company's stock worth $1,802,000 after purchasing an additional 28,800 shares in the last quarter. Finally, Ancora Advisors LLC bought a new stake in Aerojet Rocketdyne during the 1st quarter worth approximately $310,000. 94.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Eileen P. Drake sold 39,711 shares of the company's stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $41.60, for a total value of $1,651,977.60. Following the completion of the transaction, the chief executive officer now directly owns 214,000 shares of the company's stock, valued at $8,902,400. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Aerojet Rocketdyne Stock Performance

AJRD stock opened at $45.49 on Monday. The firm has a market cap of $3.66 billion, a PE ratio of 30.13 and a beta of 0.48. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average of $42.32 and a 200-day moving average of $40.85. Aerojet Rocketdyne Holdings, Inc. has a 12-month low of $35.47 and a 12-month high of $47.35.

Aerojet Rocketdyne (NYSE:AJRD – Get Rating) last released its earnings results on Monday, August 1st. The aerospace company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.27). The business had revenue of $528.50 million during the quarter, compared to the consensus estimate of $570.53 million. Aerojet Rocketdyne had a net margin of 5.74% and a return on equity of 26.51%. The business's revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 earnings per share. As a group, sell-side analysts expect that Aerojet Rocketdyne Holdings, Inc. will post 1.68 earnings per share for the current year.

Aerojet Rocketdyne Profile

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Aerojet Rocketdyne Holdings, Inc designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. It operates in 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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