First Trust Advisors LP purchased a new position in Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 40,813 shares of the company’s stock, valued at approximately $746,000. First Trust Advisors LP owned about 0.06% of Aerojet Rocketdyne Holdings at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Leavell Investment Management Inc. purchased a new stake in Aerojet Rocketdyne Holdings during the second quarter worth $256,000. Huntington Asset Advisors Inc. purchased a new stake in Aerojet Rocketdyne Holdings during the first quarter worth $295,000. Magnetar Financial LLC purchased a new stake in Aerojet Rocketdyne Holdings during the first quarter worth $381,000. BNP Paribas Arbitrage SA raised its stake in Aerojet Rocketdyne Holdings by 60.0% in the second quarter. BNP Paribas Arbitrage SA now owns 27,738 shares of the company’s stock worth $507,000 after buying an additional 10,398 shares during the last quarter. Finally, Synovus Financial Corp raised its stake in Aerojet Rocketdyne Holdings by 1.0% in the second quarter. Synovus Financial Corp now owns 117,247 shares of the company’s stock worth $2,145,000 after buying an additional 1,185 shares during the last quarter. Institutional investors own 94.11% of the company’s stock.
Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD) traded up 0.97% during mid-day trading on Friday, hitting $17.62. 369,816 shares of the company were exchanged. Aerojet Rocketdyne Holdings Inc. has a 12 month low of $13.98 and a 12 month high of $19.50. The firm has a 50 day moving average price of $17.80 and a 200 day moving average price of $17.66. The stock’s market cap is $1.23 billion.
Separately, Zacks Investment Research upgraded shares of Aerojet Rocketdyne Holdings from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Thursday, August 11th.
About Aerojet Rocketdyne Holdings
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.