Thomas Corcoran - Aerojet Rocketdyne Independent Director

AJRD
 Stock
  

USD 41.17  0.57  1.40%   

  Director
Mr. Thomas A. Corcoran is an Independent Director of Aerojet Rocketdyne Holdings Inc. Mr. Corcoran was a Senior Advisor of The Carlyle Group, a private equity investment firm, and the President of Corcoran Enterprises, LLC, a management consulting company, since 2001. Previously Mr. Corcoran was also the President and Chief Executive Officer of Gemini Air Cargo, Inc., a cargo airline owned by The Carlyle Group, from 2001 to 2004. Prior to that, Mr. Corcoran was President and CEO of Allegheny Teledyne Incorporated, a diversified business from 1999 to 2000. Prior to that, Mr. Corcoran was President and Chief Operating Officer of Lockheed Martins Electronics and Space Sectors from 1993 to 1999. Mr. Corcoran began his career in 1967 at General Electric Company in various positions. In 1990, Mr. Corcoran was elected a corporate officer and rose to the number two position in G.E. Aerospace as Vice President and General Manager of G.E. Aerospace Operations. Mr. Corcoran is a director with L3 Technologies, Inc. . Mr. Corcoran was a Director with Force Protection, Inc., REMEC, Inc., United Industrial Corporationrationration, ONPATH Technologies, Inc., LaBarge, Inc., ARINC, Inc., Aer Lingus, Ltd. based in Dublin, Ireland and Serco, Ltd. based in Surry, UK. Mr. Corcoran serves as a director of American Ireland Fund, is on the board of trustees of Stevens Institute of Technology and is a trustee emeritus at Worcester Polytechnic Institute. Mr. Corcoran brings to the Board considerable industry knowledge gained from extensive experience as a senior executive in the aerospace industry.
Age: 76  Director Since 2008      
310 252-8100  www.AerojetRocketdyne.com

Aerojet Rocketdyne Management Efficiency

Aerojet Rocketdyne has return on total asset (ROA) of 5.67 % which means that it generated profit of $5.67 on every $100 spent on asset. This is normal as compared to the sector avarege. Similarly, it shows return on stockholders equity (ROE) of 37.47 %, meaning that it created $37.47 on every $100 dollars invested by stockholders. Aerojet Rocketdyne management efficiency ratios could be used to measure how well the company manages its routine affairs as well as how well it operates its assets and liabilities. Aerojet Rocketdyne Return on Average Assets are projected to increase slightly based on the last few years of reporting. The past year's Return on Average Assets were at 0.06. The current year Return on Average Equity is expected to grow to 0.40, whereas Return on Invested Capital is forecasted to decline to 0.14. Aerojet Rocketdyne Assets Non Current are projected to increase significantly based on the last few years of reporting. The past year's Assets Non Current were at 1.2 Billion. The current year Goodwill and Intangible Assets is expected to grow to about 230.5 M, whereas Total Assets Per Share are forecasted to decline to 28.06.
The company currently holds 516 M in liabilities with Debt to Equity (D/E) ratio of 0.97, which is about average as compared to similar companies. Aerojet Rocketdyne has a current ratio of 1.38, which is within standard range for the sector. Debt can assist Aerojet Rocketdyne until it has trouble settling it off, either with new capital or with free cash flow. So, Aerojet Rocketdyne's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Aerojet Rocketdyne sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Aerojet to invest in growth at high rates of return. When we think about Aerojet Rocketdyne's use of debt, we should always consider it together with cash and equity.

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Aerojet Rocketdyne Holdings, Inc. designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. Aerojet Rocketdyne Holdings, Inc. was incorporated in 1915 and is headquartered in El Segundo, California. Aerojet Rocketdyne operates under Aerospace Defense classification in the United States and is traded on New York Stock Exchange. It employs 5000 people. Aerojet Rocketdyne Holdings (AJRD) is traded on New York Stock Exchange in USA. It is located in 222 N. Pacific Coast Highway, Suite 500, El Segundo, CA 90245, United States and employs 5,000 people. Aerojet Rocketdyne Holdings was previously known as AEROJET ROCKETDYNE HOLDINGS and was traded on New York Stock Exchange under the symbol GY. Aerojet Rocketdyne is listed under Defense category by Fama And French industry classification.

Aerojet Rocketdyne Leadership Team

Elected by the shareholders, the Aerojet Rocketdyne's board of directors comprises two types of representatives: Aerojet Rocketdyne inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aerojet. The board's role is to monitor Aerojet Rocketdyne's management team and ensure that shareholders' interests are well served. Aerojet Rocketdyne's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aerojet Rocketdyne's outside directors are responsible for providing unbiased perspectives on the board's policies.
James Perry, Independent Director
Jerry Tarnacki, Vice President - Quality and Mission Assurance
Pete Knudsen, Director, Investor Relations
John Schumacher, Senior Vice President - Washington Operations and Communications
Ron Samborsky, IR Contact Officer
Arjun Kampani, Senior Vice President, General Counsel, Secretary
John Schneider, Vice President - Quality & Mission Assurance
Kelly Anderson, Senior Director, FP&A and Investor Relations
Joseph Chontos, Interim General Counsel, Company Secretary
Merrill McPeak, Independent Director
Warren Lichtenstein, Executive Chairman of the Board
Martin Turchin, Independent Director
Natalie Schilling, Chief Human Resource Officer
Kevin Chilton, Independent Director
Audrey McNiff, Independent Director
Brendan King, Vice President Corporate Finance & Treasurer
Christopher Cambria, VP, General Counsel and Secretary
Eileen Drake, President, Chief Executive Officer, Director
Amy Gowder, Chief Operating Officer
Tyler Evans, Senior Vice President - Defense Business Unit
Kathleen Redd, CFO, VP and Assistant Secretary
Thomas Corcoran, Independent Director
Daniel Boehle, Chief Financial Officer, Principal Accounting Officer, Vice President, Controller
James Henderson, Independent Director
Mark Tucker, COO
Lance Lord, Independent Director
Paul Lundstrom, CFO, Vice President - Finance
Gregory Jones, Senior Vice President Strategy and Business Development

Aerojet Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Aerojet Rocketdyne a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Aerojet Rocketdyne Investors Sentiment

The influence of Aerojet Rocketdyne's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Aerojet. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Aerojet Rocketdyne Implied Volatility

    
  23.26  
Aerojet Rocketdyne's implied volatility exposes the market's sentiment of Aerojet Rocketdyne Holdings stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Aerojet Rocketdyne's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Aerojet Rocketdyne stock will not fluctuate a lot when Aerojet Rocketdyne's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Aerojet Rocketdyne in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Aerojet Rocketdyne's short interest history, or implied volatility extrapolated from Aerojet Rocketdyne options trading.

Current Sentiment - AJRD

Aerojet Rocketdyne Investor Sentiment

Most of Macroaxis users are presently bullish on Aerojet Rocketdyne Holdings. What is your sentiment towards investing in Aerojet Rocketdyne Holdings? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Pair Trading with Aerojet Rocketdyne

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aerojet Rocketdyne position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aerojet Rocketdyne will appreciate offsetting losses from the drop in the long position's value.

Aerojet Rocketdyne Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Aerojet Rocketdyne could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aerojet Rocketdyne when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aerojet Rocketdyne - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aerojet Rocketdyne Holdings to buy it.
The correlation of Aerojet Rocketdyne is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aerojet Rocketdyne moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aerojet Rocketdyne moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aerojet Rocketdyne can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Trending Equities. Note that the Aerojet Rocketdyne information on this page should be used as a complementary analysis to other Aerojet Rocketdyne's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Complementary Tools for Aerojet Stock analysis

When running Aerojet Rocketdyne price analysis, check to measure Aerojet Rocketdyne's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aerojet Rocketdyne is operating at the current time. Most of Aerojet Rocketdyne's value examination focuses on studying past and present price action to predict the probability of Aerojet Rocketdyne's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Aerojet Rocketdyne's price. Additionally, you may evaluate how the addition of Aerojet Rocketdyne to your portfolios can decrease your overall portfolio volatility.
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Is Aerojet Rocketdyne's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Aerojet Rocketdyne. If investors know Aerojet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Aerojet Rocketdyne listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.51
Market Capitalization
3.3 B
Quarterly Revenue Growth YOY
0.03
Return On Assets
0.0679
Return On Equity
0.37
The market value of Aerojet Rocketdyne is measured differently than its book value, which is the value of Aerojet that is recorded on the company's balance sheet. Investors also form their own opinion of Aerojet Rocketdyne's value that differs from its market value or its book value, called intrinsic value, which is Aerojet Rocketdyne's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Aerojet Rocketdyne's market value can be influenced by many factors that don't directly affect Aerojet Rocketdyne's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Aerojet Rocketdyne's value and its price as these two are different measures arrived at by different means. Investors typically determine Aerojet Rocketdyne value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aerojet Rocketdyne's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.