The Vanguard Group, Inc. has recently announced that it has increased stake in Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD) by 0.75%. After grabbing 8.06 million shares, the institutional investor is now in possession of 60272.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 9.99% having worth around $453.9 million. Moreover, Nuance Investments LLC increased its share by 1.29 million to have a control over 2.56 million shares. And Magnetar Financial LLC raised its holdings to 1.81 million shares by acquiring 1.81 million shares or 2.25% of the stake.
Aerojet Rocketdyne Holdings Inc. (AJRD) concluded trading on 03/16/23 at a closing price of $55.75, with 4.04 million shares of worth about $225.15 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.33% during that period and on Thursday the price saw a loss of about -0.66%. Currently the company’s common shares owned by public are about 80.30M shares, out of which, 77.74M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 3 analysts are covering the AJRD stock and their offered price forecasts bring an average price target of $58.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $58.00 and could fall to a lowest price of $58.00. The stock’s current price level is 2.19% above of average price target set by the analysts, while a rise to estimated low would result in gain of 3.88% for the stock. However, touching the estimated high of $58.00 would mean a gain of 3.88% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 75 times over the past 12 months. They bought 319,618 shares in 63 of the transactions. In 12 selling transactions, insiders dumped 280,364 shares.
iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Aerojet Rocketdyne Holdings Inc. iShares Core S&P Small Cap ETF is currently holding 5.75 million shares of worth totaling $324.17 million. The company recently came buying 11700.0 shares which brought its stake up to 7.13% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 16176.0 shares, after which its hold over company’s outstanding shares expand to 2.90%, leaving 2.34 million shares with the mutual fund that have a worth of about $131.78 million. Vanguard Small Cap Index Fund, after buying 1.98 million shares, have now control over 2.46% of the stake in the company. It holds 10854.0 shares of worth $111.67 million.
Aerojet Rocketdyne Holdings Inc. (NYSE: AJRD) started trading at $55.59, below -$0.53 from concluding price of the previous day. However, the stock later moved at a day high price of 55.94, or with a loss of -0.66%. Stock saw a price change of -0.46% in past 5 days and over the past one month there was a price change of -0.73%. Year-to-date (YTD), AJRD shares are showing a performance of -0.32% which increased to 47.56% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $36.44 but also hit the highest price of $56.59 during that period. The average intraday trading volume for Aerojet Rocketdyne Holdings Inc. shares is 1.46 million. The stock is currently trading -0.58% below its 20-day simple moving average (SMA20), while that difference is down -0.43% for SMA50 and it goes to 16.78% higher than SMA200.
The Vanguard Group, Inc. acquired 8.06 million shares of Aerojet Rocketdyne Holdings Inc. having value of about $453.9 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 60272.0 shares in the company valued at close to $3360164.0, or have control over 0.75% stake in the company. Aerojet Rocketdyne Holdings Inc. (NYSE: AJRD) currently have 80.30M outstanding shares and institutions hold larger chunk of about 92.80% of that. Holding of mutual funds in the company is about 36.70% while other institutional holders and individual stake holders have control over 50.19% and 3.57% of the stake respectively.
The stock has a current market capitalization of $4.51B and its 3Y-monthly beta is at 0.58. PE ratio of stock for trailing 12 months is 62.08, while it has posted earnings per share of $0.90 in the same period. Its PEG reads 5.05 and has Quick Ratio of 1.40 while making debt-to-equity ratio of 0.56. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AJRD, volatility over the week remained 0.73% while standing at 0.47% over the month.
Analysts are in expectations that Aerojet Rocketdyne Holdings Inc. (AJRD) stock would likely to be making an EPS of $0.59 in the current quarter, while forecast for next quarter EPS is $0.43 and it is $2.01 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.49 which is $0.64 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.43 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -48.40% while it is estimated to increase by 16.91% in next year. EPS is likely to grow at an annualized rate of 12.30% for next 5-years, compared to annual growth of 3.50% made by the stock over the past 5-years.
Analysts at 3 brokerage firms have issued recommendations for the Aerojet Rocketdyne Holdings Inc. (AJRD)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 3 Wall Street analysts, 0 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on April 07, 2022 offering an Overweight rating for the stock and assigned a target price range of between $40 and $49 to it. Coverage by Jefferies stated Aerojet Rocketdyne Holdings Inc. (AJRD) stock as a Buy in their note to investors on February 08, 2022, suggesting a price target of $47 for the stock. On January 07, 2021, Jefferies Downgrade their recommendations, while on August 04, 2020, RBC Capital Mkts Upgrade their ratings for the stock with a price target of $54. Stock get a Sector perform rating from RBC Capital Mkts on May 21, 2020.
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