Aerojet Rocketdyne Holdings Inc. (NYSE: AJRD) is -0.53% lower on its value in year-to-date trading and has touched a low of $32.15 and a high of $57.27 in the current 52-week trading range. The AJRD stock was last observed hovering at around $52.85 in the last trading session, with the day’s loss setting it -0.28% off its average median price target of $56.00 for the next 12 months. It is also 6.12% off the consensus price target high of $56.00 offered by 6 analysts, but current levels are -16.82% lower than the price target low of $45.00 for the same period.
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Currently trading at $52.57, the stock is 13.67% and 30.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.58 million and changing -0.53% at the moment leaves the stock 29.00% off its SMA200. AJRD registered 7.75% gain for a year compared to 6-month loss of 35.66%. The firm has a 50-day simple moving average (SMA 50) of $43.14 and a 200-day simple moving average (SMA200) of $40.31.
The stock witnessed a 36.55% gain in the last 1 month and extending the period to 3 months gives it a 31.23%, and is -0.53% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.09% over the week and 2.40% over the month.
Aerojet Rocketdyne Holdings Inc. (AJRD) has around 4814 employees, a market worth around $4.01B and $2.04B in sales. Current P/E ratio is 34.38 and Fwd P/E is 26.75. Profit margin for the company is 6.20%. Distance from 52-week low is 63.54% and -8.21% from its 52-week high. The company has generated returns on investments over the last 12 months (15.40%).
Aerojet Rocketdyne Holdings Inc. (AJRD) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Aerojet Rocketdyne Holdings Inc. (AJRD) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 2.70, where 4 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Aerojet Rocketdyne Holdings Inc. is expected to release its quarterly report on 05/04/2021 and quarterly earnings per share for the current quarter are estimated at $0.48 with sales reaching $545.27M over the same period.The EPS is expected to shrink by -3.20% this year, but quarterly earnings will post 4.00% year-over-year. Quarterly sales are estimated to grow 4.30% in year-over-year returns.
Aerojet Rocketdyne Holdings Inc. (AJRD) Top Institutional Holders
348 institutions hold shares in Aerojet Rocketdyne Holdings Inc. (AJRD), with 1.92M shares held by insiders accounting for 2.53% while institutional investors hold 106.67% of the company’s shares. The shares outstanding are 77.60M, and float is at 74.71M with Short Float at 7.14%. Institutions hold 103.98% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 11.5 million shares valued at $458.69 million. The investor’s holdings represent 14.88% of the AJRD Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 8.5 million shares valued at $338.91 million to account for 10.99% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 5.02 million shares representing 6.50% and valued at over $200.31 million, while Steel Partners Holdings, LP holds 5.11% of the shares totaling 3.95 million with a market value of $157.57 million.
Aerojet Rocketdyne Holdings Inc. (AJRD) Insider Activity
The most recent transaction is an insider sale by CORCORAN THOMAS A, the company’s Director. SEC filings show that CORCORAN THOMAS A sold 6,800 shares of the company’s common stock on Jun 10 at a price of $44.52 per share for a total of $0.3 million. Following the sale, the insider now owns 0.1 million shares.
Aerojet Rocketdyne Holdings Inc. disclosed in a document filed with the SEC on Mar 04 that TURCHIN MARTIN (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Mar 04 and was made at $52.25 per share for $0.26 million. Following the transaction, the insider now directly holds 86194.0 shares of the AJRD stock.
Still, SEC filings show that on Mar 04, Tucker Mark A (Chief Operating Officer) disposed off 12,594 shares at an average price of $52.07 for $0.66 million. The insider now directly holds 135,327 shares of Aerojet Rocketdyne Holdings Inc. (AJRD).
Aerojet Rocketdyne Holdings Inc. (AJRD): Who are the competitors?
The company’s main competitors (and peers) include Lockheed Martin Corporation (LMT) that is trading -16.70% down over the past 12 months. Northrop Grumman Corporation (NOC) is -21.40% down on the 1-year trading charts. Short interest in the company’s stock has risen 18.2% from the last report on Nov 12, 2020 to stand at a total of 4.36 million short shares sold with a short interest ratio of 7.29.