Aerojet Rocketdyne (AJRD) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Aerojet Rocketdyne in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AJRD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AJRD, but not buy additional shares or sell existing shares.
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2 analysts have issued 12-month target prices for Aerojet Rocketdyne's stock. Their AJRD share price forecasts range from $58.00 to $58.00. On average, they predict the company's stock price to reach $58.00 in the next year. This suggests a possible upside of 6.4% from the stock's current price.
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Aerojet Rocketdyne's stock was trading at $55.93 at the beginning of 2023. Since then, AJRD stock has decreased by 2.6% and is now trading at $54.49.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
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Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) released its quarterly earnings data on Thursday, May, 4th. The aerospace company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.02. The aerospace company earned $566.30 million during the quarter, compared to analysts' expectations of $540.35 million. Aerojet Rocketdyne had a net margin of 3.23% and a trailing twelve-month return on equity of 20.42%. The company's revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS.

ETFs with the largest weight of Aerojet Rocketdyne (NYSE:AJRD) stock in their portfolio include AltShares Merger Arbitrage ETF (ARB), IQ Merger Arbitrage ETF (MNA), SPDR S&P Aerospace & Defense ETF (XAR), SPDR S&P Kensho Final Frontiers ETF (ROKT), AltShares Event-Driven ET (EVNT), Invesco S&P SmallCap Industrials ETF (PSCI), ProShares Merger ETF (MRGR) and First Trust Indxx Aerospace & Defense ETF (MISL).

118 employees have rated Aerojet Rocketdyne Chief Executive Officer Eileen Drake on Glassdoor.com. Eileen Drake has an approval rating of 46% among the company's employees. This puts Eileen Drake in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Aerojet Rocketdyne investors own include NVIDIA (NVDA), Micron Technology (MU), Cisco Systems (CSCO), Boeing (BA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Intel (INTC), AT&T (T), QUALCOMM (QCOM) and International Business Machines (IBM).

Aerojet Rocketdyne trades on the New York Stock Exchange (NYSE) under the ticker symbol "AJRD."

Aerojet Rocketdyne's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.05%), State Street Corp (4.69%), FIL Ltd (4.00%), Gamco Investors INC. ET AL (3.27%), Barclays PLC (2.60%) and Dimensional Fund Advisors LP (2.17%). Insiders that own company stock include Daniel L Boehle, Eileen P Drake and Thomas A Corcoran.
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Shares of AJRD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AJRD stock can currently be purchased for approximately $54.49.

Aerojet Rocketdyne (NYSE:AJRD) has a market capitalization of $4.40 billion and generates $2.24 billion in revenue each year. The aerospace company earns $74 million in net income (profit) each year or $0.91 on an earnings per share basis.

The company employs 5,283 workers across the globe.

Aerojet Rocketdyne's mailing address is 222 N. Pacific Coast Highway Suite 500, El Segundo CA, 90245. The official website for the company is www.aerojetrocketdyne.com. The aerospace company can be reached via phone at (252) 252-8100, via email at ir@aerojetrocketdyne.com, or via fax at 916-351-8668.