Top 5 Aerospace Stocks To Buy According To Billionaire Mario Gabelli’s GAMCO Investors

2. Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD)

GAMCO Investors’ Stake Value: $112,456,000 

Percentage of GAMCO Investors’ 13F Portfolio: 1.23% 

Number of Hedge Fund Holders: 26

Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD) is a leading American manufacturer of rocket, hypersonic, and electric propulsive systems for applications in space, defense, civil and commercial markets. As of September 19, Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD) has gained 5.91% over the past twelve months.

On August 9, Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD) announced the opening of a new 51,000-square-foot facility at its Arkansas site, dedicated to solid rocket motor manufacturing. On August 16, Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD) announced the opening of the first U.S.-based Stored Chemical Energy Propulsion System manufacturing facility, which will develop next-generation torpedoes for the U.S. navy.

As of June 30, GAMCO Investors’ stakes in the company sit at $112.45 million, and the stock is ranked among Mario Gabelli’s top ten 13F holdings.

At the close of the second quarter of 2022, 26 hedge funds were long Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD) with stakes worth $772 million. This is compared to 29 hedge funds in the previous quarter with stakes worth $730.9 million.