Aerojet Rocketdyne upgraded by Jefferies with a new price target
$AJRD
Military/Government/Technical
Industrials
Jefferies upgraded Aerojet Rocketdyne from Hold to Buy and set a new price target of $47.00 from $49.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/7/2022 | $40.00 → $49.00 | Neutral → Overweight | JP Morgan |
| 2/8/2022 | Hold → Buy | Jefferies | |
| 2/8/2022 | $49.00 → $47.00 | Hold → Buy | Jefferies |
EL SEGUNDO, Calif., May 04, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) (the "Company") today reported results for the three months ended March 31, 2023. Financial Overview Three months ended March 31, 2023 2022 (In millions, except percentage and per share amounts)Net sales$566.3 $511.1 Net income 27.8 27.8 Net income as a percentage of net sales 4.9% 5.4%Adjusted Net Income (Non-GAAP measure*) 34.4 36.9 Adjusted Net Income (Non-GAAP measure*) as a percentage of net sales 6.1% 7.2%Earnings Per Share ("EPS") - Diluted 0.34 0.33 Adjusted EPS (Non-GAAP measure*) 0.43 0.44 Adjusted EBITDAP (Non-GAAP measure*) 58.7 69.3 Adjusted EBITDAP (Non-GAAP m
EL SEGUNDO, Calif., Feb. 15, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) (the "Company") today reported results for the fourth quarter and year ended December 31, 2022. Financial Overview Three months ended December 31, Year ended December 31, 2022 2021 2022 2021 (In millions, except percentage and per share amounts)Net sales$648.2 $589.7 $2,237.6 $2,188.0 Net income 16.1 41.0 74.0 146.6 Net income as a percentage of net sales 2.5% 7.0% 3.3% 6.7%Adjusted Net Income (Non-GAAP measure*) 25.2 38.5 115.0 164.5 Adjusted Net Income (Non-GAAP measure*) as a percentage of net sales 3.9% 6.5% 5.1% 7.5%Earnings Per Share ("EPS") - Diluted 0.2
EL SEGUNDO, Calif., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) (the "Company") today reported results for the three and nine months ended September 30, 2022. Financial Overview Three months ended September 30, Nine months ended September 30, 2022 2021 2022 2021 (In millions, except percentage and per share amounts)Net sales$549.8 $545.3 $1,589.4 $1,598.3 Net income 13.7 42.5 57.9 105.6 Net income as a percentage of net sales 2.5% 7.8% 3.6% 6.6%Adjusted Net Income (Non-GAAP measure*) 36.7 47.7 89.8 126.0 Adjusted Net Income (Non-GAAP measure*) as a percentage of net sales 6.7% 8.7% 5.6% 7.9%Earnings Per Share ("EPS") - Diluted 0.17
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EFFECT - AEROJET ROCKETDYNE HOLDINGS, INC. (0000040888) (Filer)
EFFECT - AEROJET ROCKETDYNE HOLDINGS, INC. (0000040888) (Filer)
Paul Lundstrom Brings Wealth of Knowledge in Finance, Manufacturing, and Business Transformation Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products for cloud, networking and industrial applications, today announced the appointment of Paul Lundstrom to the company's Board of Directors, effective immediately. This election expands the membership to nine members, eight of whom are independent. "I am excited to welcome Paul to the Lumentum Board," said Penelope Herscher, Chair of Lumentum's Board of Directors. "He brings a wealth of knowledge and expertise in corporate finance, manufacturing and business transformation
Copeland, a global provider of sustainable climate solutions and leader in the HVAC, Refrigeration (HVACR) and industrial compression industry, has announced that Paul Lundstrom will join the company in August as Chief Financial Officer (CFO). Copeland is a standalone company and a portfolio company of Blackstone, the world's largest alternative asset manager, within its Capital Partners Fund XIII. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724421467/en/Paul Lundstrom, Copeland's new Chief Financial Officer (Photo: Copeland) "Paul is an excellent addition to the executive team of Copeland, as he brings with him extensive
EL SEGUNDO, Calif., Dec. 16, 2020 (GLOBE NEWSWIRE) -- Major contract awards to support the nation’s heavy-lift exploration rocket and next-generation strategic deterrent programs were among the 2020 highlights for Aerojet Rocketdyne. Other contributors to another successful year in service to the nation were additional breakthroughs and contract awards in space exploration, missile defense, hypersonics and national security launch, as well as achieving a number of milestones on long-running space and defense production programs. The company produced more than 330 in-space engines and nearly 70,000 solid rocket motors this year. Aerojet Rocketdyne employees displayed great resilience and
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4 - AEROJET ROCKETDYNE HOLDINGS, INC. (0000040888) (Issuer)
JP Morgan upgraded Aerojet Rocketdyne from Neutral to Overweight and set a new price target of $49.00 from $40.00 previously
Jefferies upgraded Aerojet Rocketdyne Hldgs from Hold to Buy
Jefferies upgraded Aerojet Rocketdyne from Hold to Buy and set a new price target of $47.00 from $49.00 previously
Paul Lundstrom Brings Wealth of Knowledge in Finance, Manufacturing, and Business Transformation Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products for cloud, networking and industrial applications, today announced the appointment of Paul Lundstrom to the company's Board of Directors, effective immediately. This election expands the membership to nine members, eight of whom are independent. "I am excited to welcome Paul to the Lumentum Board," said Penelope Herscher, Chair of Lumentum's Board of Directors. "He brings a wealth of knowledge and expertise in corporate finance, manufacturing and business transformation
Copeland, a global provider of sustainable climate solutions and leader in the HVAC, Refrigeration (HVACR) and industrial compression industry, has announced that Paul Lundstrom will join the company in August as Chief Financial Officer (CFO). Copeland is a standalone company and a portfolio company of Blackstone, the world's largest alternative asset manager, within its Capital Partners Fund XIII. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724421467/en/Paul Lundstrom, Copeland's new Chief Financial Officer (Photo: Copeland) "Paul is an excellent addition to the executive team of Copeland, as he brings with him extensive
NEW YORK, July 27, 2023 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE:MSGS) will replace Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, August 1. S&P 500 constituent L3Harris Technologies Inc. (NYSE:LHX) is acquiring Aerojet Rocketdyne in a deal that is expected to close on July 28, pending final conditions. Following is a summary of the change that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector August 1, 2023 S&P SmallCap 600 Addition Madison Square Garden Sports MSGS Communication Services August 1, 2023 S&P Smal