Eagle Asset Management Inc. grew its holdings in shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) by 621.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 464,294 shares of the aerospace company’s stock after acquiring an additional 399,958 shares during the quarter. Eagle Asset Management Inc.’s holdings in Aerojet Rocketdyne were worth $14,485,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of AJRD. Oppenheimer Asset Management Inc. acquired a new stake in shares of Aerojet Rocketdyne during the third quarter worth $101,000. IFP Advisors Inc raised its holdings in shares of Aerojet Rocketdyne by 1,129.9% during the fourth quarter. IFP Advisors Inc now owns 3,542 shares of the aerospace company’s stock worth $111,000 after purchasing an additional 3,254 shares during the period. Ameritas Investment Partners Inc. raised its holdings in shares of Aerojet Rocketdyne by 18.0% during the second quarter. Ameritas Investment Partners Inc. now owns 6,071 shares of the aerospace company’s stock worth $126,000 after purchasing an additional 925 shares during the period. Greenleaf Trust raised its holdings in shares of Aerojet Rocketdyne by 97.2% during the fourth quarter. Greenleaf Trust now owns 4,300 shares of the aerospace company’s stock worth $134,000 after purchasing an additional 2,120 shares during the period. Finally, Fortaleza Asset Management Inc. acquired a new stake in shares of Aerojet Rocketdyne during the third quarter worth $136,000. 98.11% of the stock is currently owned by institutional investors.
A number of analysts have weighed in on the stock. SunTrust Banks reissued a “buy” rating and set a $40.00 target price on shares of Aerojet Rocketdyne in a report on Friday, November 3rd. BidaskClub cut shares of Aerojet Rocketdyne from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of Aerojet Rocketdyne from a “hold” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $37.33.
In other news, Director Martin Turchin sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $30.73, for a total transaction of $307,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is currently owned by corporate insiders.
About Aerojet Rocketdyne
GenCorp Inc, incorporated in 1915, is a manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets. The Company develops and manufactures propulsion systems for defense and space applications, and armaments for precision tactical and long range weapon systems applications.
Want to see what other hedge funds are holding AJRD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD).
Receive News & Ratings for Aerojet Rocketdyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aerojet Rocketdyne and related companies with MarketBeat.com's FREE daily email newsletter.