Sit Investment Associates Inc. lowered its position in Orbital ATK, Inc. (NYSE:OA) by 69.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,375 shares of the aerospace company’s stock after selling 101,925 shares during the period. Sit Investment Associates Inc. owned about 0.08% of Orbital ATK worth $4,463,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its stake in Orbital ATK by 11.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 18,905 shares of the aerospace company’s stock worth $1,659,000 after buying an additional 1,866 shares during the last quarter. Teachers Advisors LLC boosted its position in Orbital ATK by 8.6% in the fourth quarter. Teachers Advisors LLC now owns 61,778 shares of the aerospace company’s stock worth $5,420,000 after buying an additional 4,872 shares during the period. Philadelphia Trust Co. boosted its position in Orbital ATK by 28.7% in the fourth quarter. Philadelphia Trust Co. now owns 39,410 shares of the aerospace company’s stock worth $3,457,000 after buying an additional 8,786 shares during the period. Leith Wheeler Investment Counsel Ltd. bought a new position in Orbital ATK during the first quarter worth $1,160,000. Finally, Capstone Asset Management Co. boosted its position in Orbital ATK by 8.7% in the first quarter. Capstone Asset Management Co. now owns 3,241 shares of the aerospace company’s stock worth $318,000 after buying an additional 260 shares during the period. Institutional investors own 86.53% of the company’s stock.
Orbital ATK, Inc. (NYSE:OA) traded down 0.13% during trading on Friday, reaching $102.27. The company had a trading volume of 15,363 shares. The stock has a market cap of $5.90 billion, a PE ratio of 21.09 and a beta of -0.32. The company has a 50-day moving average price of $100.22 and a 200 day moving average price of $96.15. Orbital ATK, Inc. has a 52-week low of $67.04 and a 52-week high of $105.09.
Orbital ATK (NYSE:OA) last issued its earnings results on Thursday, May 11th. The aerospace company reported $1.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by $0.14. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. Orbital ATK had a return on equity of 15.34% and a net margin of 5.86%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $1.44 EPS. On average, analysts anticipate that Orbital ATK, Inc. will post $6.05 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 22nd. Investors of record on Wednesday, June 7th were issued a dividend of $0.32 per share. The ex-dividend date was Monday, June 5th. This represents a $1.28 annualized dividend and a dividend yield of 1.25%.
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A number of research firms have recently weighed in on OA. Zacks Investment Research raised Orbital ATK from a “sell” rating to a “hold” rating in a report on Monday. Cowen and Company reissued a “buy” rating on shares of Orbital ATK in a report on Thursday, May 11th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $106.00 price target on shares of Orbital ATK in a report on Monday, June 5th. Jefferies Group LLC reissued a “buy” rating and issued a $115.00 price target on shares of Orbital ATK in a report on Wednesday, April 12th. Finally, BidaskClub raised Orbital ATK from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $103.28.
In related news, Director Harrison H. Schmitt sold 500 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $99.28, for a total transaction of $49,640.00. Following the completion of the sale, the director now directly owns 11,952 shares in the company, valued at $1,186,594.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Christine Ann Wolf sold 5,039 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $101.54, for a total value of $511,660.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,194 shares of company stock valued at $1,759,267. 1.20% of the stock is owned by corporate insiders.
Orbital ATK Company Profile
Orbital ATK, Inc is an aerospace and defense systems company and supplier of related products to the United States Government, allied nations, prime contractors and other customers. The Company’s segments include Flight Systems Group, Defense Systems Group, Space Systems Group and Corporate. Its products include launch vehicles and related propulsion systems; satellites and associated components and services; tactical missiles, subsystems and defense electronics, and precision weapons, armament systems and ammunition.
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