The Insider Activity Of Aerojet Rocketdyne Holdings Inc. (AJRD) Is Worth Monitoring


Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD) finished Friday with a subtraction of -$0.07 to close at $55.93, a downside of -0.12 percent. An average of 1,230,460 shares of common stock have been traded in the last five days. There was a gain of $0.18 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 1,910,640 shares traded, while the 50-day average volume stands at 1,145,030.

AJRD stock has increased by 7.56% in the last month. The company shares reached their 1-month lowest point of $52.01 on 12/01/22. With the stock rallying to its 52-week high on 12/22/22, shares of the company touched a low of $35.47 and a high of $56.19 in 52 weeks. It has reached a new high 13 times so far this year and achieved 19.61% or $9.17 in price. In spite of this, the price is down -0.46% from the 52-week high.

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Insider Transactions

AJRD stock investors should be aware that Aerojet Rocketdyne Holdings Inc. (AJRD) stock had its last reported insider trading activity 142 days ago on Aug 11. In this transaction, the insider spent $1,651,978. CFO and VP, BOEHLE DANIEL L., disposed of 12,510 shares at a price of $40.52 on May 06. The insider now owns more than $506,905 worth of shares.

Valuation Metrics

Aerojet Rocketdyne Holdings Inc. (AJRD) has a trailing price-to-earnings (P/E) ratio of 49.10. The stock’s beta is 0.54. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.07, the price-to-book (PB) ratio at 8.55.

Financial Health

The quick ratio of Aerojet Rocketdyne Holdings Inc. for the three months ended September 29 was 1.20, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.56 and a total debt to equity ratio of 0.58 for the quarter ending September 29. Its gross profit as reported stood at $387.9 million compared to revenue of $2.19 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Aerojet Rocketdyne Holdings Inc.’s return on assets was 4.00%.

Earnings Surprise

For the three-month period that ended September 29, Aerojet Rocketdyne Holdings Inc. had $9.2 million in cash and short-term investments compared to $292.1 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $13.7 million in the quarter, while revenues of $16.4 million were shrunk -210.95%. The analyst consensus anticipated Aerojet Rocketdyne Holdings Inc.’s latest quarter earnings to come in at $0.44 per share, but it turned out to be $0.45, a 2.30% surprise. For the quarter, EBITDA amounted to $67.6 million. Shareholders own equity worth $80.53 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Aerojet Rocketdyne Holdings Inc. (AJRD) price momentum. RSI 9-day as of the close on 30 December was 75.58%, suggesting the stock is Overbought, with historical volatility in this time frame at 5.99%.

As of today, AJRD’s price is $55.90 +0.32% or $0.18 from its 5-day moving average. AJRD is currently trading +4.48% higher than its 20-day SMA and +37.12% higher than its 100-day SMA. However, the stock’s current price level is +28.69% above the SMA50 and +47.49% above the SMA200.

The stochastic %K and %D were 91.45% and 90.92%, respectively, and the average true range (ATR) was 0.64. With the 14-day stochastic at 88.65% and the average true range at 0.86, the RSI (14) stands at 73.06%. The stock has reached 0.15 on the 9-day MACD Oscillator while the 14-day reading was at 0.53.

Analyst Ratings

JP Morgan upgraded Aerojet Rocketdyne Holdings Inc. (NYSE: AJRD) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Aerojet Rocketdyne Holdings Inc. (AJRD) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AJRD, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is AJRD’s price target for the next 12 months?

Analysts predict a range of price targets between $45.00 and $58.00, with a median target of $58.00. Taking a look at these predictions, the average price target given by analysts for Aerojet Rocketdyne Holdings Inc. (AJRD) stock is $53.67.


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