Billionaire Mario Gabelli’s Top 5 Stock Picks

3. Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD)

Aerojet Rocketdyne Holdings Inc. focuses on the aerospace, defense, and real estate markets, providing innovative technology-based solutions to its customers. AJRD played a critical role in NASA’s Perseverance rover Mars landing.

Here is what Aerojet Rocketdyne’s CEO and President, Eileen Drake, has to say regarding the mission:

“Landing on Mars is hard. The planet has an atmosphere but it is too thin to slow the spacecraft down enough for a safe landing, and that is where Aerojet Rocketdyne propulsion comes in. Aerojet Rocketdyne’s innovative and reliable propulsion has been a part of every successful NASA mission to Mars since the Viking program in the 1970s.”

The company currently has a $3.9 billion market capitalization. For the past 3 months, it delivered a 35.77% return and settled at $52 per share at the closing of February 17th. Last month, we published an article about the 16 Best Space Stocks to Buy Now, and AJRD is part of it.

GAMCO owns 3,215,931 shares of the company, worth $169.96 million.