Virginia Retirement Systems ET AL purchased a new position in Orbital ATK Inc. (NYSE:OA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,500 shares of the company’s stock, valued at approximately $894,000.
A number of other institutional investors also recently bought and sold shares of the company. Pegasus Partners Ltd. acquired a new position in shares of Orbital ATK during the first quarter worth approximately $719,000. OMERS ADMINISTRATION Corp increased its position in shares of Orbital ATK by 22.1% in the first quarter. OMERS ADMINISTRATION Corp now owns 12,700 shares of the company’s stock worth $1,104,000 after buying an additional 2,300 shares in the last quarter. Credit Agricole S A increased its position in shares of Orbital ATK by 886.0% in the first quarter. Credit Agricole S A now owns 106,800 shares of the company’s stock worth $9,286,000 after buying an additional 95,968 shares in the last quarter. NWQ Investment Management Company LLC increased its position in shares of Orbital ATK by 1.6% in the first quarter. NWQ Investment Management Company LLC now owns 430,191 shares of the company’s stock worth $37,401,000 after buying an additional 6,774 shares in the last quarter. Finally, A.R. Schmeidler & Co. Inc. increased its position in shares of Orbital ATK by 359.1% in the first quarter. A.R. Schmeidler & Co. Inc. now owns 93,511 shares of the company’s stock worth $8,130,000 after buying an additional 73,141 shares in the last quarter. 85.80% of the stock is currently owned by institutional investors.
Orbital ATK Inc. (NYSE:OA) opened at 76.23 on Friday. The company has a market capitalization of $4.47 billion, a P/E ratio of 14.21 and a beta of 0.02. The stock has a 50 day moving average of $74.86 and a 200-day moving average of $83.39. Orbital ATK Inc. has a 52-week low of $67.04 and a 52-week high of $94.92.
Orbital ATK (NYSE:OA) last posted its earnings results on Wednesday, August 10th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.03. The firm earned $1.05 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Orbital ATK had a net margin of 5.94% and a return on equity of 16.55%. On average, equities analysts forecast that Orbital ATK Inc. will post $5.50 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Wednesday, September 7th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Friday, September 2nd. Orbital ATK’s payout ratio is 27.15%.
A number of equities analysts have recently commented on the stock. Jefferies Group reissued a “buy” rating on shares of Orbital ATK in a research note on Friday, August 5th. Deutsche Bank AG assumed coverage on shares of Orbital ATK in a research note on Thursday, September 1st. They issued a “buy” rating and a $100.00 target price on the stock. Zacks Investment Research downgraded shares of Orbital ATK from a “buy” rating to a “hold” rating in a research note on Thursday, July 21st. Barclays PLC cut their target price on shares of Orbital ATK from $108.00 to $97.00 and set an “overweight” rating on the stock in a research note on Thursday, August 11th. Finally, Cowen and Company lowered shares of Orbital ATK from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 10th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $98.16.
About Orbital ATK
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