Momentum Stock Watch: Aerojet Rocketdyne Holdings, Inc. (AJRD)

Company Profile:

Aerojet Rocketdyne Holdings, Inc. is an innovative technology-based manufacturer of aerospace and defense products and systems, with a real estate segment that includes activities related to the entitlement, sale, and leasing of the Company’s excess real estate assets. 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 founded in 1915 and is headquartered in El Segundo, California.

Recent News:

On Nov. 04, 2019, Aerojet Rocketdyne and Boeing successfully tested the primary launch abort system for the Starliner next-generation crew spacecraft at the U.S. Army’s White Sands Missile Range located in New Mexico.

For the third quarter of 2019, the company reported net sales f totaled $481.8 million compared with $498.8 million for the three months ended September 30, 2018. Net income was $32.9 million, or $0.39 diluted earnings per share, compared with net income of $65.0 million, or $0.82 diluted EPS, for the three months ended September 30, 2018.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

AJRD’s strengths can be seen in its better profitability and strong solvency compared with its peers. Its revenue has increased over recently several years. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator and the RSI stands at 41.48 with positive bias. We rate Aerojet Rocketdyne Holdings, Inc. (AJRD) a STRONG BUY.

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