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 twelve months. 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 Wall Street analysts have issued 1 year target prices for Aerojet Rocketdyne's shares. Their AJRD share price forecasts range from $58.00 to $58.00. On average, they expect the company's stock price to reach $58.00 in the next twelve months. This suggests a possible upside of 4.1% 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 shares have decreased by 0.4% and is now trading at $55.73.
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Aerojet Rocketdyne saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 5,750,000 shares, an increase of 45.2% from the February 28th total of 3,960,000 shares. Based on an average daily volume of 1,310,000 shares, the days-to-cover ratio is currently 4.4 days. Currently, 7.6% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) posted its quarterly earnings data on Wednesday, February, 15th. The aerospace company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.25. The aerospace company earned $648.20 million during the quarter, compared to the consensus estimate of $615.73 million. Aerojet Rocketdyne had a trailing twelve-month return on equity of 21.00% and a net margin of 3.31%. The company's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 earnings per share.

ETFs with the largest weight of Aerojet Rocketdyne (NYSE:AJRD) stock in their portfolio include IQ Merger Arbitrage ETF (MNA), SPDR S&P Aerospace & Defense ETF (XAR), SPDR S&P Kensho Final Frontiers ETF (ROKT), Invesco S&P SmallCap Industrials ETF (PSCI), ProShares Merger ETF (MRGR), First Trust Indxx Aerospace & Defense ETF (MISL), SPDR Kensho Future Security ETF (FITE) and 3D Printing ETF (PRNT).

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 a variety of institutional and retail investors. Top institutional investors include Steel Partners Holdings L.P. (4.47%), Gamco Investors INC. ET AL (3.65%), Gamco Investors INC. ET AL (3.62%), Nuance Investments LLC (3.18%), Dimensional Fund Advisors LP (2.20%) and Gabelli Funds LLC (2.20%). 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 $55.73.

Aerojet Rocketdyne (NYSE:AJRD) has a market capitalization of $4.50 billion and generates $2.24 billion in revenue each year. The aerospace company earns $74 million in net income (profit) each year or $0.90 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.