Aerojet Rocketdyne Stock Forecast, Price & News

Aerojet Rocketdyne's stock was trading at $43.27 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AJRD stock has decreased by 25.1% and is now trading at $32.42.
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4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Aerojet Rocketdyne in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Aerojet Rocketdyne is scheduled to release its next quarterly earnings announcement on Wednesday, February 17th 2021.
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Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) posted its quarterly earnings results on Monday, October, 26th. The aerospace company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by $0.08. The aerospace company had revenue of $527.70 million for the quarter, compared to analysts' expectations of $519.05 million. Aerojet Rocketdyne had a net margin of 6.26% and a return on equity of 19.05%. Aerojet Rocketdyne's revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted $0.35 earnings per share.
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4 equities research analysts have issued 1 year price targets for Aerojet Rocketdyne's stock. Their forecasts range from $52.00 to $60.00. On average, they expect Aerojet Rocketdyne's stock price to reach $55.40 in the next twelve months. This suggests a possible upside of 70.9% from the stock's current price.
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Aerojet Rocketdyne saw a drop in short interest in September. As of September 30th, there was short interest totaling 3,640,000 shares, a drop of 29.3% from the September 15th total of 5,150,000 shares. Based on an average trading volume of 654,500 shares, the short-interest ratio is currently 5.6 days. Approximately 4.7% of the company's stock are sold short.
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Some companies that are related to Aerojet Rocketdyne include Honeywell International (HON), Lockheed Martin (LMT), The Boeing (BA), Northrop Grumman (NOC), General Dynamics (GD), TransDigm Group (TDG), Heico (HEI), Teledyne Technologies (TDY), Textron (TXT), Axon Enterprise (AAXN), Huntington Ingalls Industries (HII), Curtiss-Wright (CW), Hexcel (HXL), Kratos Defense & Security Solutions (KTOS) and Moog (MOG.A).
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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), The 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 a variety of retail and institutional investors. Top institutional shareholders include Reinhart Partners Inc. (0.86%), Scout Investments Inc. (0.81%), Emerald Advisers LLC (0.56%), Emerald Mutual Fund Advisers Trust (0.47%), Prudential PLC (0.19%) and Randolph Co Inc (0.10%). Company insiders that own Aerojet Rocketdyne stock include Eileen P Drake, Mark A Tucker, Martin Turchin and Thomas A Corcoran.
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AJRD stock was sold by a variety of institutional investors in the last quarter, including Emerald Mutual Fund Advisers Trust, Emerald Advisers LLC, State of New Jersey Common Pension Fund D, and Amalgamated Bank. Company insiders that have sold Aerojet Rocketdyne company stock in the last year include Mark A Tucker, and Thomas A Corcoran.
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AJRD stock was acquired by a variety of institutional investors in the last quarter, including Scout Investments Inc., Reinhart Partners Inc., Paradigm Capital Management Inc. NY, Capital Investment Counsel Inc, Louisiana State Employees Retirement System, Pacer Advisors Inc., Deroy & Devereaux Private Investment Counsel Inc., and Keybank National Association OH.
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Shares of AJRD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of AJRD stock can currently be purchased for approximately $32.42.

Aerojet Rocketdyne has a market capitalization of $2.51 billion and generates $1.98 billion in revenue each year. The aerospace company earns $141 million in net income (profit) each year or $1.56 on an earnings per share basis. Aerojet Rocketdyne employs 4,814 workers across the globe.

The official website for Aerojet Rocketdyne is www.aerojetrocketdyne.com.

Aerojet Rocketdyne's mailing address is 222 N. Pacific Coast Highway Suite 500, El Segundo CA, 90245. The aerospace company can be reached via phone at 310-252-8100 or via email at [email protected]