| UNITED STATES | |
| SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
| Notice of Effectiveness | |
| Effectiveness Date: | August 1, 2023 |
| Accession Number: | 0001193125-23-199183 | ||||||
| Submission Type: | POS AM | ||||||
| |||||||
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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 |
SC 13D/A - AEROJET ROCKETDYNE HOLDINGS, INC. (0000040888) (Subject)
SC 13D/A - AEROJET ROCKETDYNE HOLDINGS, INC. (0000040888) (Subject)
SC 13G/A - AEROJET ROCKETDYNE HOLDINGS, INC. (0000040888) (Subject)
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
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
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
HUNTSVILLE, Ala., July 10, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has successfully developed and static-fire tested the Zeus 1, an advanced stage 1 Large Solid Rocket Motor (LSRM) for Kratos. The motor met or exceeded performance expectations. "Congratulations to the Aerojet Rocketdyne and Kratos teams for this outstanding achievement," said Eileen P. Drake, Aerojet Rocketdyne CEO and president. "This test validated the robustness of our innovative motor design for an affordable hypersonic application, and further demonstrated our large solid rocket motor capabilities at Camden, where we support multiple industry customers to power various defense programs." The motor was developed
15-12G - AEROJET ROCKETDYNE HOLDINGS, INC. (0000040888) (Filer)
EFFECT - AEROJET ROCKETDYNE HOLDINGS, INC. (0000040888) (Filer)
EFFECT - AEROJET ROCKETDYNE HOLDINGS, INC. (0000040888) (Filer)
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
4 - AEROJET ROCKETDYNE HOLDINGS, INC. (0000040888) (Issuer)
4 - AEROJET ROCKETDYNE HOLDINGS, INC. (0000040888) (Issuer)
4 - AEROJET ROCKETDYNE HOLDINGS, INC. (0000040888) (Issuer)
Madison Square Garden Sports will replace Aerojet Rocketdyne in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, August 1.
Lawmakers have reportedly warned against L3Harris Technologies Inc (NYSE:LHX) and Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) merger deal. U.S. Senator Elizabeth Warren, a Democrat and frequent merger critic, joined three other lawmakers, who have urged the Defense Department to review the $4.7 billion deal thoroughly, reported Reuters. Last month, Lockheed Martin Corp's (NYSE:LMT) chief operating officer, Frank St John, told Reuters that Lockheed, Aerojet's biggest customer, wanted L3Harris to ensure access to rocket motors, fair pricing, and IP protections, adding it had received "little response" from L3Harris over its concerns. Warren and the other lawmakers stated that the Defense