Aerojet Rocketdyne Stock Forecast, Price & News

Aerojet Rocketdyne's stock was trading at $43.27 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, AJRD stock has decreased by 3.8% and is now trading at $41.64.
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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 Tuesday, November 3rd 2020.
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Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) posted its quarterly earnings results on Monday, July, 27th. The aerospace company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. The aerospace company had revenue of $512.40 million for the quarter, compared to analysts' expectations of $495.30 million. Aerojet Rocketdyne had a return on equity of 19.79% and a net margin of 6.46%. Aerojet Rocketdyne's revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 EPS.
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4 brokerages have issued 1-year price targets for Aerojet Rocketdyne's stock. Their forecasts range from $54.00 to $60.00. On average, they expect Aerojet Rocketdyne's stock price to reach $56.25 in the next twelve months. This suggests a possible upside of 35.1% from the stock's current price.
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Some companies that are related to Aerojet Rocketdyne include Honeywell International (HON), Lockheed Martin (LMT), Boeing (BA), Northrop Grumman (NOC), General Dynamics (GD), TransDigm Group (TDG), Heico (HEI), Teledyne Technologies (TDY), Textron (TXT), Huntington Ingalls Industries (HII), Axon Enterprise (AAXN), 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), Boeing (BA), Alibaba Group (BABA), Intel (INTC), Advanced Micro Devices (AMD), QUALCOMM (QCOM), AT&T (T) and Tesla (TSLA).

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 investors include Vanguard Group Inc. (11.20%), Mint Tower Capital Management B.V. (10.18%), Gamco Investors INC. ET AL (4.08%), Bank of New York Mellon Corp (2.89%), Gabelli Funds LLC (2.85%) and New South Capital Management Inc. (1.71%). 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 Gamco Investors INC. ET AL, Teton Advisors Inc., Victory Capital Management Inc., Monarch Partners Asset Management LLC, Principal Financial Group Inc., Principal Financial Group Inc., Gabelli Funds LLC, and WINTON GROUP Ltd. 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 purchased by a variety of institutional investors in the last quarter, including Mint Tower Capital Management B.V., Vanguard Group Inc., Fort Washington Investment Advisors Inc. OH, Federated Hermes Inc., Congress Asset Management Co. MA, Reinhart Partners Inc., Man Group plc, and New South Capital Management Inc..
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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 $41.64.

Aerojet Rocketdyne has a market capitalization of $3.27 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]