Sorting Studs From Duds in Aerojet Rocketdyne Holdings, Inc. (AJRD)

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) is at least 50.27% than its current record low price of $24.41. There was a 2.89% gain on 01/10/2019 that led the price to move at $36.68. At recent session, the prices were hovering between $35.2 and $36.735. This company shares are 4.5% off its target price of $38.33 and the current market capitalization stands at $2.88B. The recent change has given its price a 5.41% lead over SMA 50 and -5.76% deficit over its 52-week high. The stock witnessed 3.7% gains, 13.91% gains and 26.57% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AJRD’s volatility during a week at 3.96% and during a month it has been found around 3.98%.

From 100% mission success on Delta and Atlas launches, to propelling spacecraft to the Sun and Mars, and modernizing our nation’s defense, Aerojet Rocketdyne continued to make history. Here’s a look back at some key successes from the past year.

Preparing for the Next Era of Space Flight, Pushing the Boundaries of Space

Successfully fired the AR-22 rocket engine an unprecedented 10 times in 10 days, demonstrating the feasibility of a reusable spaceplane capable of high-tempo flight operations.

Powered every phase of NASA’s Mars InSight lander’s journey to the red planet – launch, cruise, entry and landing. All eight successful landings on Mars have relied on Aerojet Rocketdyne propulsion.

NASA’s Parker Solar Probe, launched with our RS-68A and RL10 engines, is using Aerojet Rocketdyne’s propulsion system to enable the probe’s 7-year journey to within 6.2 million kilometers of the Sun’s surface — eight times closer than the previous record.

Aerojet Rocketdyne provided all 28 rocket engines on OSIRIS-REx, the asteroid sample-return probe that recently arrived at Asteroid Bennu. In addition to powering the launch vehicle’s main and second stages, Aerojet Rocketdyne is providing critical in-space propulsion. Our thrusters enabled braking maneuvers to support the arrival, and will maneuver the spacecraft during its year of close-proximity science operations, and enable its journey back to Earth’s orbit.

Announced contracts in April and May that assure the RL10 cryogenic upper stage engine, variants of which have been operating for more than 50 years, will continue flying on two new rockets intended for U.S. government and commercial customers. Future versions will integrate additively manufactured components to enhance affordability and maintain reliability.

Continued to make progress in moving toward first launch of NASA’s Space Launch System, as well as building an inventory of RS-25 main engine components including new, upgraded flight controllers for the first four flights of the heavy-lift rocket. Among other modernized RS-25 components being qualified is a main combustion chamber fabricated using “hot isostatic pressing,” that improves reliability while reducing costs, and an additively manufactured Pogo accumulator assembly. In addition, we completed initial qualification testing of the jettison motors and reaction control system for the Orion spacecraft.

Delivered 12 control thrusters for Boeing’s Starliner crew module, which is designed to transport astronauts to low-Earth orbit destinations. Aerojet Rocketdyne-supplied MR-104J thrusters, each delivering 100 pounds of thrust, will be used to orient the spacecraft during atmospheric re-entry.

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Insider Trades

Multiple company employees have indulged in significant insider trading. Aerojet Rocketdyne Holdings, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Turchin Martin has sold 5,000 shares of Aerojet Rocketdyne Holdings, Inc. (AJRD) in trading session dated Nov. 12, 2018. These shares are worth $188,900 and were traded at $37.78 each. The SEC filing shows that Turchin Martin performed a sale of 5,000 shares. The Director disposed these shares by way of transaction on Aug. 16, 2018. The company’s shares were given away at $36.43 per share worth to an income of some $182,150 on account of Turchin Martin.

Director, Perry James H, sold 25,225 common shares of Aerojet Rocketdyne Holdings, Inc. (AJRD) in the open market. In a transaction dated Aug. 02, 2018, the shares were put up for sale at an average price of $34.33, raking in a sum of $865,974. After this sale, 113,140 common shares of AJRD are directly owned by the insider, with total stake valued at $4,149,975.

In the transaction dated Nov. 29, 2017, the great number of shares disposed came courtesy the Director; Turchin Martin disposed a total of 10,000 shares at an average price of $30.73, amounting to approximately $307,300. The insider now directly owns 120,194 shares worth $4,408,716.

Aerojet Rocketdyne Holdings, Inc. (AJRD) Analyst Guide

Several analysts have released their opinion on Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), with 0 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 2 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.75 average brokerage recommendation.