AJRD - Aerojet Rocketdyne Holdings, Inc.

NYSE - NYSE Delayed Price. Currency in USD
44.41
+0.19 (+0.43%)
At close: 4:02PM EST
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Previous Close44.22
Open44.47
Bid44.50 x 800
Ask44.52 x 1100
Day's Range44.32 - 44.96
52 Week Range30.11 - 52.84
Volume480,990
Avg. Volume562,687
Market Cap3.495B
Beta (3Y Monthly)0.40
PE Ratio (TTM)26.43
EPS (TTM)1.68
Earnings DateJul 31, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2004-05-20
1y Target Est51.00
  • GlobeNewswire

    Aerojet Rocketdyne Huntsville Site Set for Large Solid Rocket Motor Production

    HUNTSVILLE, Ala., Dec. 04, 2019 -- Aerojet Rocketdyne is ready to begin producing large solid rocket motor carbon fiber cases in the Rocket City following installation and.

  • GlobeNewswire

    Aerojet Rocketdyne Achieves Milestone on DARPA OpFires Program

    HUNTSVILLE, Ala., Dec. 03, 2019 -- Aerojet Rocketdyne has finished a series of subscale propulsion-system test firings as part of a Defense Advanced Research Projects Agency.

  • Hedge Funds Love Nomad Foods (NOMD) Way More Than These 3 Stocks
    Insider Monkey

    Hedge Funds Love Nomad Foods (NOMD) Way More Than These 3 Stocks

    "Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]

  • Is Now The Time To Put Aerojet Rocketdyne Holdings (NYSE:AJRD) On Your Watchlist?
    Simply Wall St.

    Is Now The Time To Put Aerojet Rocketdyne Holdings (NYSE:AJRD) On Your Watchlist?

    Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

  • Why Is Aerojet Rocketdyne (AJRD) Down 2.9% Since Last Earnings Report?
    Zacks

    Why Is Aerojet Rocketdyne (AJRD) Down 2.9% Since Last Earnings Report?

    Aerojet Rocketdyne (AJRD) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • GlobeNewswire

    Aerojet Rocketdyne Foundation Celebrates 20 Years

    The Aerojet Rocketdyne Foundation, the individual philanthropic arm of Aerojet Rocketdyne, is celebrating 20 years of giving back to the diverse communities where the company has business operations. Since its inception, the foundation has contributed more than $13 million through grants, scholarships and matching gifts. The foundation’s primary giving focus is education, with an emphasis on STEM – Science, Technology, Engineering and Mathematics.

  • These 3 Aerospace Stocks Can Fly High in 2020
    TipRanks

    These 3 Aerospace Stocks Can Fly High in 2020

    One small step for man, one giant leap for… investors looking into aerospace stocks heading to the moon?Talk of a looming recession has been a theme among investors this year. Whether a recession hits or not, Goldman Sachs notes that one sector in particular usually performs well as the market enters into such unpredictable territory, namely Aerospace and Defense.The space has plenty of good stocks, but naturally investors are looking for the right ones to put their hard-earned cash into. Using TipRanks’ Stock Screener tool, we locked in our focus on 3 aerospace stocks the analysts think are ready for lift off heading into 2020. AeroVironment, Inc. (AVAV)Our first aerospace pick is the aptly named, AeroVironment. The company makes unmanned aircraft systems and is the Pentagon's top supplier of small drones — including the Raven, Wasp, and Puma models. The Raven holds the lofty title of “the most widely used military unmanned aircraft system in the world”.The drone manufacturer has been keeping busy. AeroVironment recently secured a $12 million contract from an unnamed Middle Eastern country to supply logistics, parts, and services for an existing fleet of Puma and Raven aircrafts, alongside a $55 million U.S. army contract to begin radio frequency modifications on its Raven fleet.The company is profitable, has cash in the coffers, and Piper Jaffray’s Troy Jensen thinks now is the time for investors to take note. The 5-star analyst said, “We believe the recent pullback in AVAV shares has created a more compelling entry point and we continue to believe the company will execute on a variety of growth initiatives throughout FY20 and beyond. We continue to believe AVAV will benefit as U.S. defense budgets shift more toward unmanned aircraft and international defense sales should grow even faster than domestic sales, given its recent focus on international expansion”.Putting his money where his mouth is, Jensen upgraded his rating on AVAV from Hold to Buy and increased his price target to $76 (from $66). (To watch Jensen’s track record, click here)The Street is set to join Jensen on the launch pad, as AVAV currently has a Strong Buy consensus rating, which breaks down into 3 Buys and 1 Hold. The average price target is $78, implying 29% upside from its current price of $60.63. (See AeroVironment stock analysis on TipRanks)Aerojet Rocketdyne Holdings (AJRD)It is hard to sound more impressive than a company that essentially designs spacecrafts, but then Aerojet Rocketdyne does what it says on the tin. It supplies aerospace and defense products to the U.S government’s major space and defense contractors. The company recently notched a world’s first when it showcased an Advanced Electric Propulsion System (AEPS) thruster at full power which will be used for NASA’s Gateway, an orbiting lunar outpost for robotic and human exploration operations in deep space. Woah.Back down on earth though, Aerojet recently posted a disappointing 3Q19 report. Revenues fell 3.4% year-over-year to $481.8M, below the Street's estimate of $505.4M. EPS of $0.35 was also lower than the Street’s estimate of $0.44.However, SunTrust Robinson’s 5-star analyst Michael Ciarmoli believes the company’s lighter bookings and revenue weakness were more to do with timing than specific problems. Citing Aerojet’s ability to build and generate cash at a strong pace as well as the excess of $650M on its balance sheet, he argues that investors should feel reassured.Ciarmoli said, “In our view, AJRD remains an underfollowed SMID-cap defense contractor poised to benefit from favorable defense spending and space-based trends… We believe ongoing operational improvement efforts, recent leadership changes, and the potential to reengage with Wall Street, all will positively influence shares in the near-term.” To this end, the analyst reiterated his buy rating alongside a price target of $55.00 implying upside potential of 26%. (To watch Ciarmoli’s track record, click here)Canaccord Genuity’s Kenneth Herbert is another analyst predicting lift off for the rocket designer. After recently meeting the company’s management, the 5-star analyst came away impressed, noting, “The 2020-2021 MSD top-line growth is expected to be driven by defense sales (THAAD, Standard Missile, GMLRS, Hypersonics), while space sales re-set at a higher run rate after strong 2019 growth (NASA up ~15% YTD). While much of the margin improvement is reflected in results, we believe top-line growth and capital allocation will be positive catalysts.” (To watch Herbert’s track record, click here)The Street is relatively quiet right now regarding Aerojet. With 2 Buys and 1 Hold, AJRD currently ranks as a Moderate Buy. The aerospace specialist, though, has an average price target of $53.00, which implies an increase of 22% from its current price of $43.60. (See Aerojet stock analysis on TipRanks) Textron (TXT)Textron was founded in 1923 as a textile company but through its expansion and metamorphosis, a century later it is a multinational company with over 35,000 employees worldwide and several big-name subsidiaries under its umbrella, including Bell, Cessna, Beechcraft, E-Z-GO, and Arctic Cat. The company experienced a bit of a sell-off following its recent Q3 report, due to what investors saw as underwhelming performance - the company reported a beat on earnings but missed on revenue. Sector wise, aviation saw notable growth, along with the industrial division. On the other hand, TXT Systems underperformed.Jeffries’ Sheila Kahyaoglu recently met up with company management and following the meeting had some key takeaways, noting, “The tone of the meeting was subdued on the business jet demand environment, with the upside in the portfolio from defense programs including FARA, FLRAA, Navy Trainer, and AT-6.”Highlighting the multinational’s diverse holdings, the 5-star analyst added,” We believe TXT has the potential for significant organic growth given its new product pipeline. Improved market dynamics and some investment holiday should lead to higher earnings in 2019/20. We think this growth outlook is not reflected in the current ~25% valuation discount to peers on an EV/EBITDA basis.”The 5-star analyst reiterated her buy rating on TXT. Her price target remains a bullish $65.00, implying handsome upside potential of 38%. (To watch Kahyaoglu’s track record, click here)Overall, the Street’s sentiment on TXT stock is mixed, giving the multinational a Moderate Buy rating alongside an average price target of $54.40. This implies upside of almost 17% from its current price of $46.37. (See Textron stock analysis on TipRanks)

  • Lawmakers propose $25M federal campaign to address aerospace worker shortage
    American City Business Journals

    Lawmakers propose $25M federal campaign to address aerospace worker shortage

    Washington U.S. Rep. Rick Larsen led a group of bipartisan lawmakers that introduced a bill Friday providing for a $25 million campaign to promote careers in aerospace and other transportation sectors.

  • Moody's

    Aerojet Rocketdyne Holdings, Inc. -- Moody's announces completion of a periodic review of ratings of Aerojet Rocketdyne Holdings, Inc.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Aerojet Rocketdyne Holdings, Inc. New York, November 13, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Aerojet Rocketdyne Holdings, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • GlobeNewswire

    Advanced Electric Propulsion Thruster for NASA’s Gateway Achieves Full Power Demonstration

    PASADENA, Calif., Nov. 08, 2019 -- Aerojet Rocketdyne and NASA recently demonstrated an Advanced Electric Propulsion System (AEPS) thruster at full power for the first time,.

  • Will Newport News Drive Huntington Ingalls (HII) Q3 Earnings?
    Zacks

    Will Newport News Drive Huntington Ingalls (HII) Q3 Earnings?

    Deliveries of NSC8 made by Huntington Ingalls (HII) are likely to have contributed favorably to the Ingalls Shipbuilding segment's revenues in the third quarter.

  • GlobeNewswire

    Aerojet Rocketdyne Engines Perform Successfully During Boeing’s Starliner Pad Abort Test

    WHITE SANDS MISSILE RANGE, N.M., Nov. 04, 2019 -- Aerojet Rocketdyne and Boeing successfully tested the primary launch abort system for the Starliner next-generation crew.

  • Aerojet Rocketdyne (AJRD) Q3 Earnings Miss, Revenues Down Y/Y
    Zacks

    Aerojet Rocketdyne (AJRD) Q3 Earnings Miss, Revenues Down Y/Y

    Aerojet Rocketdyne's (AJRD) operating income of $55.1 million in the third quarter declines 49.1% from $108.3 million a year ago.

  • Aerojet Rocketdyne Holdings (AJRD) Misses Q3 Earnings and Revenue Estimates
    Zacks

    Aerojet Rocketdyne Holdings (AJRD) Misses Q3 Earnings and Revenue Estimates

    Aerojet Rocketdyne (AJRD) delivered earnings and revenue surprises of -23.91% and -4.67%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    Aerojet Rocketdyne Holdings, Inc. Reports Third Quarter 2019 Results

    EL SEGUNDO, Calif., Oct. 29, 2019 -- Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) today reported results for the three months ended September 30, 2019. Financial Overview.

  • Firefly Aerospace to work with NYSE-listed propulsion company for space flights
    American City Business Journals

    Firefly Aerospace to work with NYSE-listed propulsion company for space flights

    This Central Texas-based rocket company has landed a major partner on its quest to reach orbit: California-based Aerojet Rocketdyne, which makes propulsion systems that carry rockets to space and missiles to war.

  • Hedge Funds Are Buying Aerojet Rocketdyne Holdings Inc (AJRD)
    Insider Monkey

    Hedge Funds Are Buying Aerojet Rocketdyne Holdings Inc (AJRD)

    Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […]

  • What's in Store for Aerojet Rocketdyne's (AJRD) Q3 Earnings?
    Zacks

    What's in Store for Aerojet Rocketdyne's (AJRD) Q3 Earnings?

    Sales growth in Aerojet Rocketdyne's (AJRD) Aerospace and Defense unit might have boosted overall Q3 performance.

  • GlobeNewswire

    Aerojet Rocketdyne and Firefly Aerospace to Provide Flexible Access to Space

    Aerojet Rocketdyne and Firefly Aerospace, Inc. (Firefly) are pleased to announce a cooperative agreement that combines the capabilities of both companies to provide flexible, sustainable and highly competitive space access solutions. Aerojet Rocketdyne and Firefly will serve the growing government and commercial market by providing dedicated small and medium launch capabilities to low Earth orbit (LEO), geosynchronous orbit (GEO) and the Moon. This collaboration will leverage Firefly’s new family of launch vehicles and in-space services with Aerojet Rocketdyne’s experience in propulsion development, additive manufacturing and mission assurance for commercial, national security and exploration missions.

  • Benzinga

    Najarian Brothers Highlight Unusual Activity In Signet Jewelers, Cronos And More

    On CNBC's "Fast Money Halftime Report," Pete Najarian said options traders are buying the April $22 calls in Signet Jewelers Ltd. (NYSE: SIG). Pete Najarian followed the trade and he is going to hold the position probably until April. Pete Najarian loves the risk-reward for the trade and he thinks somebody is positioning for the move to the upside.

  • GlobeNewswire

    Aerojet Rocketdyne Teams With NASA to Develop Novel Rocket Engine Technology

    Aerojet Rocketdyne has entered into a Space Act Agreement with NASA’s Marshall Space Flight Center to design and manufacture a lightweight rocket engine thrust chamber assembly using innovative additive manufacturing processes and materials. The goal of the project is to reduce manufacturing costs and make a thrust chamber that is easily scalable to support a variety of missions, including America’s return to the Moon and subsequent missions to explore Mars. Aerojet Rocketdyne will use a unique combination of 3D printing technologies – including solid state deposition and laser deposition – to enable rapid fabrication of complex components.

  • GlobeNewswire

    Missile Defense Agency Selects Aerojet Rocketdyne to Mature Hypersonic Defense Component Technology

    Aerojet Rocketdyne awarded contract up to $18,984,061 under the Missile Defense Agency’s Broad Agency Announcement for Hypersonic Defense Component TechnologyEffort will focus.

  • Is Aerojet Rocketdyne Holdings (AJRD) Stock Outpacing Its Aerospace Peers This Year?
    Zacks

    Is Aerojet Rocketdyne Holdings (AJRD) Stock Outpacing Its Aerospace Peers This Year?

    Is (AJRD) Outperforming Other Aerospace Stocks This Year?

  • GuruFocus.com

    Boeing Faces a Nuclear Threat, Pt. 2

    The company makes the case that a Northrop Grumman nuclear monopoly could prove to be a danger to national security Continue reading...

  • Huntington Ingalls Secures Deal to Upgrade SSN 762 Submarine
    Zacks

    Huntington Ingalls Secures Deal to Upgrade SSN 762 Submarine

    Huntington Ingalls (HII) wins a deal for the repair, maintenance, upgrade and modernization efforts pertaining to the USS Columbus (SSN 762) engineered overhaul.