Market Summary
USD55.75-0.37
Market Closed-0.66%
AJRD Alerts
AJRD Stock Price
AJRD RSI Chart
AJRD Valuation
AJRD Price/Sales (Trailing)
AJRD Profitability
AJRD Fundamentals
AJRD Revenue
AJRD Earnings
Price Action
52 Week Range
36.4456.59
(Low)(High)
Last 7 days
0.1%
Last 30 days
0.5%
Last 90 days
3.1%
Trailing 12 Months
48.5%
AJRD Financial Health
AJRD Investor Care
Peers (Alternatives to Aerojet Rocketdyne Holdings)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
LMT | 124.0B | 66.0B | -1.80% | 6.15% | 21.64 | 1.88 | -1.58% | -9.23% |
BA | 121.1B | 66.6B | -8.09% | 10.18% | -24.54 | 1.82 | 6.94% | -17.44% |
NOC | 68.9B | 36.6B | -3.31% | 1.30% | 14.08 | 1.88 | 2.62% | -30.11% |
TDG | 40.7B | 5.6B | -5.86% | 7.91% | 43.68 | 7.22 | 15.29% | 17.40% |
TXT | 13.9B | 12.9B | -11.57% | -7.86% | 16.15 | 1.08 | 3.93% | 15.42% |
| MID-CAP | ||||||||
HEI | 9.7B | 2.3B | -5.88% | 12.02% | 27.48 | 4.38 | 20.68% | 11.62% |
BWXT | 5.8B | 2.2B | 3.07% | 18.01% | 24.15 | 2.58 | 5.12% | -22.13% |
HXL | 5.7B | 1.6B | -6.96% | 19.02% | 45.46 | 3.64 | 19.10% | 684.47% |
AJRD | 4.5B | 2.2B | 0.54% | 48.54% | 60.8 | 2.01 | 2.27% | -49.52% |
SPR | 2.4B | 5.0B | -19.30% | -32.03% | -5.96 | 0.54 | 27.24% | -0.91% |
| SMALL-CAP | ||||||||
AIR | 1.6B | 1.8B | -2.80% | 15.55% | 17.55 | 0.87 | 6.02% | 23.12% |
TGI | 728.6M | 1.4B | -15.32% | -55.76% | 7.55 | 0.53 | -10.88% | 191.35% |
DCO | 632.3M | 712.5M | -9.80% | -0.19% | 21.96 | 0.89 | 10.40% | -78.76% |
NPK | 496.3M | 321.6M | 0.58% | -6.46% | 29.25 | 1.52 | -9.60% | -19.31% |
ATRO | 292.4M | 492.8M | -12.53% | -2.77% | -14.86 | 0.62 | 11.07% | 41.98% |
Financials for Aerojet Rocketdyne Holdings
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 2.7% | 2,238 | 2,179 | 2,175 | 2,203 | 2,188 |
| S&GA Expenses | 35.8% | 57.00 | 42.00 | 41.00 | 45.00 | 46.00 |
| EBITDA | -16.2% | 184 | 220 | 249 | 289 | - |
| EBITDA Margin | -18.4% | 0.08* | 0.10* | 0.11* | 0.13* | - |
| Earnings Before Taxes | -23.9% | 108 | 142 | 172 | 210 | 195 |
| EBT Margin | -25.9% | 0.05* | 0.07* | 0.08* | 0.10* | - |
| Interest Expenses | 1.6% | 19.00 | 18.00 | 18.00 | 19.00 | 20.00 |
| Net Income | -25.2% | 74.00 | 99.00 | 128 | 156 | 147 |
| Net Income Margin | -27.1% | 0.03* | 0.05* | 0.06* | 0.07* | - |
| Free Cahsflow | -260.2% | -48.70 | 30.00 | 71.00 | 194 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 4.3% | 2,372 | 2,274 | 2,466 | 2,449 | 2,423 |
| Current Assets | 6.7% | 1,069 | 1,002 | 1,246 | 1,233 | 1,228 |
| Cash Equivalents | -3.7% | 322 | 335 | 560 | 611 | 700 |
| Net PPE | 1.7% | 420 | 413 | 411 | 413 | 421 |
| Goodwill | 0% | 161 | 161 | 161 | 161 | 161 |
| Liabilities | 4.7% | 1,831 | 1,749 | 1,892 | 1,899 | 1,900 |
| Current Liabilities | -6.9% | 747 | 803 | 963 | 913 | 876 |
| Long Term Debt | -1.3% | 288 | 292 | 277 | 286 | 295 |
| Shareholder's Equity | 3.1% | 541 | 525 | 574 | 550 | 523 |
| Retained Earnings | 10.1% | 177 | 160 | 147 | 129 | 103 |
| Additional Paid-In Capital | 0.4% | 507 | 505 | 575 | 573 | 578 |
| Accumulated Depreciation | 1.5% | 735 | 724 | 713 | 702 | - |
| Shares Outstanding | 0.4% | 81.00 | 80.00 | 80.00 | 80.00 | 80.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -260.2% | -48.70 | 30.00 | 71.00 | 194 | 200 |
| Share Based Compensation | 111.1% | 27.00 | 13.00 | 13.00 | 17.00 | 21.00 |
| Cashflow From Investing | 6.2% | -42.40 | -45.20 | -36.90 | -35.70 | -39.20 |
| Cashflow From Financing | -4.2% | -287 | -275 | -44.70 | -51.10 | -609 |
| Dividend Payments | 68.8% | 3.00 | 2.00 | 2.00 | 2.00 | 429 |
| Buy Backs | -100.0% | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Risks for AJRD
What is the probability of a big loss on AJRD?
63.9%
Probability that Aerojet Rocketdyne Holdings stock will be more than 20% underwater in next one year
19.2%
Probability that Aerojet Rocketdyne Holdings stock will be more than 30% underwater in next one year.
6.2%
Probability that Aerojet Rocketdyne Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does AJRD drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Aerojet Rocketdyne Holdings was unfortunately bought at previous high price.
Drawdowns
Returns for AJRD
Cumulative Returns on AJRD
17.2%
10-Year Cumulative Returns
21.7%
7-Year Cumulative Returns
18.0%
5-Year Cumulative Returns
12.9%
3-Year Cumulative Returns
What are the long-term rolling returns for AJRD?
FIve years rolling returns for Aerojet Rocketdyne Holdings.
Annualized Returns
Which funds bought or sold AJRD recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 132 | 1,530,740 | 2,209,740 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | unchanged | - | 1,000 | 4,000 | -% |
2023-03-02 | OLIVER LAGORE VANVALIN INVESTMENT GROUP | new | - | 5,593 | 5,593 | -% |
2023-02-28 | Voya Investment Management LLC | added | 49.68 | 1,452,960 | 2,781,960 | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 4.41 | 409,000 | 1,298,000 | 0.01% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | added | 237 | 5,600 | 6,600 | -% |
2023-02-21 | MACQUARIE GROUP LTD | sold off | -100 | -63,000 | - | -% |
2023-02-17 | TRUIST FINANCIAL CORP | new | - | 278,308 | 278,308 | -% |
2023-02-16 | IMA Wealth, Inc. | reduced | -33.41 | -239,803 | 3,249,200 | 0.86% |
2023-02-16 | MAVERICK CAPITAL LTD | added | 6.36 | 109,014 | 334,014 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
AJRD Alerts
Aerojet Rocketdyne Holdings News
Schedule 13G FIlings of Aerojet Rocketdyne Holdings
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 10.21% | 8,234,817 | SC 13G/A | |
| Feb 08, 2023 | millennium management llc | 2.0% | 1,634,457 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 16.0% | 12,897,322 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 16.0% | 12,897,322 | SC 13G/A | |
| Sep 08, 2022 | gamco investors, inc. et al | 2.33% | 1,873,699 | SC 13D/A | |
| Jun 06, 2022 | steel partners holdings l.p. | 4.9% | 3,949,496 | SC 13D/A | |
| May 19, 2022 | steel partners holdings l.p. | 4.9% | 3,949,496 | SC 13D/A | |
| Apr 28, 2022 | steel partners holdings l.p. | 4.9% | 3,949,496 | SC 13D/A | |
| Apr 25, 2022 | steel partners holdings l.p. | 4.9% | 3,949,496 | SC 13D/A | |
| Mar 18, 2022 | millennium management llc | 5.4% | 4,323,063 | SC 13G |
AJRD Fair Value
Aerojet Rocketdyne Holdings fair value in different scenarios
The table shows the Fair Value estimates for Aerojet Rocketdyne Holdings for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 13.28 -76.18% | 16.17 -71.00% | 24.68 -55.73% | 30.19 -45.85% | 35.60 -36.14% |
| Current Inflation | 12.40 -77.76% | 14.92 -73.24% | 22.10 -60.36% | 26.71 -52.09% | 31.25 -43.95% |
| Very High Inflation | 11.30 -79.73% | 13.37 -76.02% | 19.04 -65.85% | 22.65 -59.37% | 26.21 -52.99% |
Historical Aerojet Rocketdyne Holdings Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Aerojet Rocketdyne Holdings
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 16, 2023 | 8-K | Current Report | |
| Mar 15, 2023 | 8-K | Current Report | |
| Mar 08, 2023 | 8-K | Current Report | |
| Mar 06, 2023 | 4 | Insider Trading | |
| Mar 06, 2023 | 4 | Insider Trading | |
| Mar 06, 2023 | 4 | Insider Trading | |
| Mar 02, 2023 | 4 | Insider Trading | |
| Mar 02, 2023 | 4 | Insider Trading | |
| Feb 17, 2023 | 4 | Insider Trading | |
| Feb 17, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for AJRD
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-03 | Drake Eileen P. | sold (taxes) | -92,458 | 56.24 | -1,644 | ceo and president |
2023-03-02 | SCHUMACHER JOHN D. | sold (taxes) | -12,316 | 56.24 | -219 | svp, washington operations |
2023-03-02 | Chontos Joseph E. | acquired | - | - | 59.00 | see remarks |
2023-03-02 | Drake Eileen P. | acquired | - | - | 2,911 | ceo and president |
2023-03-02 | SCHUMACHER JOHN D. | acquired | - | - | 444 | svp, washington operations |
2023-03-02 | Chontos Joseph E. | sold (taxes) | -1,912 | 56.24 | -34.00 | see remarks |
2023-02-28 | Drake Eileen P. | acquired | - | - | 6,250 | ceo and president |
2023-02-28 | Drake Eileen P. | acquired | - | - | 6,563 | ceo and president |
2023-02-28 | SCHUMACHER JOHN D. | sold (taxes) | -29,240 | 56.34 | -519 | svp, washington operations |
2023-02-28 | SCHUMACHER JOHN D. | acquired | - | - | 953 | svp, washington operations |
Aerojet Rocketdyne Holdings, Inc. designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. It operates in two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers aerospace and defense products and systems for the United States government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors. This segment provides liquid and solid rocket propulsion systems, air-breathing hypersonic engines, and electric power and propulsion systems for space, defense, civil, and commercial applications; and armament systems. The Real Estate segment engages in the re-zoning, entitlement, sale, and leasing of the company's excess real estate assets. It owns 11,277 acres of land adjacent to the United States Highway 50 between Rancho Cordova and Folsom, California east of Sacramento. The company was formerly known as GenCorp Inc. and changed its name to Aerojet Rocketdyne Holdings, Inc. in April 2015. Aerojet Rocketdyne Holdings, Inc. was incorporated in 1915 and is headquartered in El Segundo, California.
AJRD Income Statement
2022-12-31Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Income Statement [Abstract] | |||
| Net sales | $ 2,237.6 | $ 2,188.0 | $ 2,072.7 |
| Operating costs and expenses: | |||
| Cost of sales (exclusive of items shown separately below) | 1,906.2 | 1,800.1 | 1,701.3 |
| Selling, general and administrative expense | 56.5 | 46.0 | 56.1 |
| Depreciation and amortization | 57.3 | 61.4 | 65.3 |
| Other expense, net | |||
| Proxy costs and related litigation | 27.8 | 0.0 | 0.0 |
| Legal matters | 15.7 | 0.0 | 0.0 |
| Other | 28.8 | 23.5 | 9.4 |
| Total operating costs and expenses | 2,092.3 | 1,931.0 | 1,832.1 |
| Operating income | 145.3 | 257.0 | 240.6 |
| Non-operating: | |||
| Retirement benefits expense | 1.1 | 33.9 | 36.6 |
| Loss on debt | 22.7 | 10.5 | 0.0 |
| Interest income and other | (5.4) | (2.5) | (6.3) |
| Interest expense | 18.6 | 20.1 | 30.1 |
| Total non-operating expense, net | 37.0 | 62.0 | 60.4 |
| Income before income taxes | 108.3 | 195.0 | 180.2 |
| Income tax provision | 34.3 | 48.4 | 42.7 |
| Net income | $ 74.0 | $ 146.6 | $ 137.5 |
| Earnings per share of common stock | |||
| Basic earnings per share (in USD per share) | $ 0.92 | $ 1.84 | $ 1.76 |
| Diluted earnings per share (in USD per share) | $ 0.90 | $ 1.78 | $ 1.66 |
| Weighted average shares of common stock outstanding, basic (in shares) | 80.3 | 79.2 | 77.4 |
| Weighted average shares of common stock outstanding, diluted (in shares) | 83.3 | 81.7 | 81.9 |
| Cash dividends paid per share (in USD per share) | $ 0 | $ 5.00 | $ 0 |
AJRD Balance Sheet
2022-12-31Consolidated Balance Sheets - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current Assets | ||
| Cash and cash equivalents | $ 322.1 | $ 700.4 |
| Restricted cash | 3.1 | 3.0 |
| Marketable securities | 10.5 | 10.6 |
| Accounts receivable | 126.6 | 60.6 |
| Contract assets | 451.1 | 354.2 |
| Other current assets | 155.6 | 99.5 |
| Total Current Assets | 1,069.0 | 1,228.3 |
| Noncurrent Assets | ||
| Right-of-use assets | 54.5 | 52.6 |
| Property, plant and equipment, net | 420.2 | 421.1 |
| Recoverable environmental remediation costs | 221.5 | 226.2 |
| Deferred income taxes | 208.7 | 55.6 |
| Goodwill | 161.4 | 161.4 |
| Intangible assets | 28.3 | 34.9 |
| Other noncurrent assets | 208.2 | 243.3 |
| Total Noncurrent Assets | 1,302.8 | 1,195.1 |
| Total Assets | 2,371.8 | 2,423.4 |
| Current Liabilities | ||
| Current portion of long-term debt | 14.7 | 166.7 |
| Accounts payable | 142.1 | 132.2 |
| Reserves for environmental remediation costs | 36.9 | 37.7 |
| Contract liabilities | 334.7 | 366.5 |
| Other current liabilities | 218.7 | 172.7 |
| Total Current Liabilities | 747.1 | 875.8 |
| Noncurrent Liabilities | ||
| Long-term debt | 288.4 | 294.6 |
| Reserves for environmental remediation costs | 253.6 | 258.7 |
| Pension benefits | 229.3 | 255.9 |
| Operating lease liabilities | 46.2 | 41.3 |
| Other noncurrent liabilities | 265.9 | 173.8 |
| Total Noncurrent Liabilities | 1,083.4 | 1,024.3 |
| Total Liabilities | 1,830.5 | 1,900.1 |
| Commitments and contingencies (Note 8) | ||
| Stockholders’ Equity | ||
| Preferred stock, par value of $1.00; 15.0 million shares authorized; none outstanding | 0.0 | 0.0 |
| Common stock, par value of $0.10; 150.0 million shares authorized; 80.7 million shares outstanding as of December 31, 2022; 80.1 million shares outstanding as of December 31, 2021 | 8.0 | 8.0 |
| Other capital | 507.2 | 578.1 |
| Treasury stock at cost, 2.0 million at December 31, 2022; 2.1 million shares as of December 31, 2021 | (63.0) | (64.4) |
| Retained earnings | 176.6 | 102.6 |
| Accumulated other comprehensive loss, net of income taxes | (87.5) | (101.0) |
| Total Stockholders’ Equity | 541.3 | 523.3 |
| Total Liabilities and Stockholders’ Equity | $ 2,371.8 | $ 2,423.4 |