|Bid||42.67 x 800|
|Ask||42.68 x 1200|
|Day's Range||42.33 - 42.99|
|52 Week Range||27.69 - 43.02|
|Beta (3Y Monthly)||-0.06|
|PE Ratio (TTM)||21.05|
|Earnings Date||Aug 7, 2017 - Aug 11, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||41.00|
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before the Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first […]
Aerojet Rocketdyne has delivered the jettison motor for NASA’s Orion Launch Abort System (LAS) to Lockheed Martin in anticipation of Artemis 1, the first integrated flight of NASA’s Space Launch System (SLS) and Orion. The jettison motor is one of three motors on the LAS, but it is the only motor that activates on every mission.
Aerojet Rocketdyne, along with NASA, Ball Aerospace and the Air Force Research Laboratory (AFRL), is helping usher in a new era of small satellite propulsion through the Green Propellant Infusion Mission (GPIM). On June 24, a Ball Aerospace small satellite will be launched from NASA’s Kennedy Space Center in Cape Canaveral, Florida.
Aerojet Rocketdyne Holdings Inc NYSE:AJRDView full report here! Summary * Bearish sentiment is high * Economic output in this company's sector is contracting Bearish sentimentShort interest | NegativeShort interest is high for AJRD with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting AJRD. However, the last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold AJRD had net inflows of $1.14 billion over the last one-month. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Wall Street is trading around the unchanged line on Wednesday, bouncing between gains and losses, as all eyes focus on the recent announcement of a $120 billion all-stock merger of equals between United Technologies (NYSE:UTX) and Raytheon (NYSE:RTN).Defense and aerospace stocks have been holding up well since President Donald Trump took office, as represented by the iShares Aerospace and Defense ETF (BATS:ITA), despite problems at Boeing (NYSE:BA) related to the 737 MAX. This is thanks to a big investment in the Pentagon's budget by the Trump Administration.With geopolitical tensions high between the United States and China as well as Iran, this spending isn't likely to slow anytime soon. Industry consolidation, of the type represented by the UTX-TRN tie up, will bolster profitability. With defensive sectors of the market enjoying a bid in recent weeks, amid broad volatility, this provides yet another reason for investors to consider names in this area.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy for the Coming Recession Here are four defense stocks to watch: United Technologies (UTX)Shares of United Technologies are rebounding slightly after a sharp decline below their 200-day moving average, testing critical support from the March lows. The company has been going through a metamorphosis, announcing last fall that it would spin off its Otis elevator and Carrier HVAC businesses early next year, segments that will not be included in its merger of its aerospace business with Raytheon.Of note is that its Pratt & Whitney engine segment was combined with Collins Aerospace Systems last fall via what was one of the largest aerospace acquisitions in history. The company will next report results on July 23 before the bell. Analysts are looking for earnings of $2.04 per share on revenues of $19.3 billion. When the company last reported on April 23, earnings of $1.91 beat estimates by 19 cents on a 20.5% rise in revenues. Raytheon (RTN)Shares of Raytheon, maker of missile and radar systems, are finding support near the lower end of its five-month consolidation range. The proposed tie-up with UTX is seen as a big positive for RTN, diversifying its exposure into the strong commercial aerospace market as well as giving it more leverage with suppliers to negotiate lower prices through economies of scale. * 7 Dark Horse Stocks Winning the Race in 2019 The company will next report results on July 25 before the bell. Analysts are looking for earnings of $2.64 per share on revenues of $7 billion. When the company last reported on April 25, earnings of $2.77 per share beat estimates by 29 cents on a 7.4% rise in revenues. Aerojet Rocketdyne Holdings (AJRD)Shares of Aerojet Rocketdyne Holdings (NYSE:AJRD) are taking flight, pushing back towards prior highs hit in February to mark a 25%-plus rally off of its April lows. Earlier this week, CL King's George Godfrey suggested the company could be a logical acquisition for Boeing or Lockheed Martin (NYSE:LMT) following the United Technologies-Raytheon deal. Back in March, the company acquired a 3D printing subsidiary from ARC Group Worldwide (NASDAQ:ARCW).The company will next report results on July 29 after the close. Analysts are looking for earnings of 39 cents per share on revenues of $483.4 million. When the company last reported on April 30, earnings of 44 cents per share beat estimates by 19 cents on a 0.1% decline in revenues. Northrop Grumman (NOC)Shares of Northrop Grumman (NYSE:NOC) are cooling their heels a little after a run to challenge priors highs set last September, marking a nice 23% rally off of the late March lows. The last time the 50-day moving average pulled away from the 200-day average like it is now was back in 2013, marking a 6x increase in the share price until a bout of profit taking struck in early 2018. * 7 Stocks to Buy As They Hit 52-Week Lows The company will next report results on July 24 before the bell. Analysts are looking for earnings of $4.65 per share on revenues of $8.4 billion. When the company last reported on April 24, earnings of $5.06 beat estimates by 46 cents on a 21.6% rise in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for the Coming Recession * 10 Smart Dividend Stocks for the Rest of the Year * 5 Tech Stocks That Are Far Too Risky Right Now Compare Brokers The post 4 Defense Stocks to Watch on Raytheon-United Technologies Merger appeared first on InvestorPlace.
Raytheon (RTN) signs a mega merger agreement with United Technologies to form a combined company named Raytheon Technologies Corporation.
Aerojet Rocketdyne Holdings, Inc. (AJRD) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
Senior Alabama officials joined Aerojet Rocketdyne’s CEO Eileen Drake and Executive Chairman Warren Lichtenstein today at a ribbon-cutting ceremony for the company’s newest state-of-the-art rocket propulsion Advanced Manufacturing Facility (AMF), marking the latest milestone in the company’s ongoing expansion in the Rocket City. Surrounded by company employees and Alabama state and local officials, including Governor Kay Ivey, Drake officially declared the AMF open for operation.
Several defense stocks, including Lockheed Martin and Raytheon, are holding up better than the Dow Jones Industrial Average and making key moves.
Aerojet Rocketdyne (AJRD) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
NASA aims to put a man back on the moon —as well as the first woman — by 2024 and has tapped 11 companies to start working on human landers.
The future of Aerojet Rocketdyne Holdings Inc.'s land in Sacramento County may have been fated in 2000, when New York-based investment firm Steel Partners Holdings LP bought its first shares in the company.
Other states have courted the rocket manufacturer, many of them willing to offer economic incentives, said Barry Broome, CEO of the Greater Sacramento Economic Council.