Sit Investment Associates Inc. reduced its position in Orbital ATK Inc. (NYSE:OA) by 0.5% during the second quarter, Holdings Channel reports. The institutional investor owned 177,725 shares of the company’s stock after selling 982 shares during the period. Sit Investment Associates Inc.’s holdings in Orbital ATK were worth $15,132,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in OA. Newbrook Capital Advisors LP purchased a new position in shares of Orbital ATK during the first quarter worth about $65,253,000. UBS Group AG boosted its position in shares of Orbital ATK by 433.0% in the first quarter. UBS Group AG now owns 278,273 shares of the company’s stock worth $24,193,000 after buying an additional 226,067 shares in the last quarter. State Street Corp boosted its position in shares of Orbital ATK by 11.9% in the first quarter. State Street Corp now owns 1,589,791 shares of the company’s stock worth $138,220,000 after buying an additional 168,675 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Orbital ATK by 53.7% in the first quarter. TIAA CREF Investment Management LLC now owns 414,502 shares of the company’s stock worth $36,037,000 after buying an additional 144,733 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Orbital ATK during the first quarter worth about $12,522,000. 85.80% of the stock is owned by institutional investors.
Shares of Orbital ATK Inc. (NYSE:OA) traded down 0.33% during midday trading on Thursday, reaching $75.35. 261,510 shares of the company’s stock were exchanged. Orbital ATK Inc. has a 12 month low of $67.04 and a 12 month high of $94.92. The company has a market cap of $4.42 billion, a P/E ratio of 14.04 and a beta of -0.19. The firm has a 50 day moving average price of $75.14 and a 200 day moving average price of $83.34.
Orbital ATK (NYSE:OA) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.03. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.13 billion. Orbital ATK had a net margin of 5.94% and a return on equity of 16.55%. Equities research analysts forecast that Orbital ATK Inc. will post $5.50 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Wednesday, September 7th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Friday, September 2nd. Orbital ATK’s dividend payout ratio (DPR) is currently 27.15%.
Several research analysts have recently weighed in on OA shares. Zacks Investment Research upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a report on Wednesday, July 13th. Jefferies Group reiterated a “buy” rating on shares of Orbital ATK in a report on Friday, August 5th. Cowen and Company cut shares of Orbital ATK from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 10th. Barclays PLC reduced their price target on shares of Orbital ATK from $108.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, August 11th. Finally, KeyCorp reduced their price target on shares of Orbital ATK from $106.00 to $98.00 and set an “overweight” rating for the company in a report on Thursday, August 11th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $98.16.
About Orbital ATK
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