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Parkside Financial Bank & Trust Boosts Holdings in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD)

Defense World ·  09/25/2022 17:31

Parkside Financial Bank & Trust increased its holdings in Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD – Get Rating) by 307.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 700 shares of the aerospace company's stock after purchasing an additional 528 shares during the period. Parkside Financial Bank & Trust's holdings in Aerojet Rocketdyne were worth $28,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in AJRD. Diversified Trust Co increased its stake in Aerojet Rocketdyne by 75.5% in the 2nd quarter. Diversified Trust Co now owns 12,564 shares of the aerospace company's stock worth $510,000 after acquiring an additional 5,406 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Aerojet Rocketdyne by 8.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 56,608 shares of the aerospace company's stock worth $2,298,000 after acquiring an additional 4,380 shares during the last quarter. IMA Wealth Inc. increased its stake in Aerojet Rocketdyne by 43,021.3% in the 1st quarter. IMA Wealth Inc. now owns 95,298 shares of the aerospace company's stock worth $3,750,000 after acquiring an additional 95,077 shares during the last quarter. Weiss Multi Strategy Advisers LLC bought a new stake in Aerojet Rocketdyne in the 1st quarter worth approximately $4,965,000. Finally, Point72 Hong Kong Ltd bought a new stake in Aerojet Rocketdyne in the 1st quarter worth approximately $209,000. 94.77% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Separately, StockNews.com downgraded Aerojet Rocketdyne from a "buy" rating to a "hold" rating in a research note on Saturday, July 23rd.

Aerojet Rocketdyne Stock Performance

NYSE AJRD opened at $41.20 on Friday. The company has a market cap of $3.31 billion, a P/E ratio of 27.28 and a beta of 0.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.29 and a current ratio of 1.29. The business's 50 day moving average price is $42.98 and its 200-day moving average price is $41.15. Aerojet Rocketdyne Holdings, Inc. has a fifty-two week low of $35.47 and a fifty-two week 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 for the quarter, missing the consensus estimate of $0.47 by ($0.27). The company had revenue of $528.50 million for 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 for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. Sell-side analysts predict that Aerojet Rocketdyne Holdings, Inc. will post 1.68 earnings per share for the current year.

Insider Activity

In other news, CEO Eileen P. Drake sold 39,711 shares of the business'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 transaction of $1,651,977.60. Following the transaction, the chief executive officer now owns 214,000 shares of the company's stock, valued at approximately $8,902,400. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.20% of the company's stock.

Aerojet Rocketdyne Company Profile

(Get Rating)

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.

Further Reading

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Want to see what other hedge funds are holding AJRD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD – Get Rating).

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