K2 Principal Fund L.P. acquired a new position in shares of Orbital ATK Inc (NYSE:OA) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 17,200 shares of the aerospace company’s stock, valued at approximately $2,262,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new stake in Orbital ATK during the 4th quarter worth about $102,000. Cerebellum GP LLC acquired a new stake in Orbital ATK during the 4th quarter worth about $127,000. Front Row Advisors LLC acquired a new stake in Orbital ATK during the 4th quarter worth about $132,000. Tower Research Capital LLC TRC acquired a new stake in Orbital ATK during the 4th quarter worth about $189,000. Finally, LMR Partners LLP acquired a new stake in Orbital ATK during the 3rd quarter worth about $201,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.
Several research firms have weighed in on OA. Zacks Investment Research raised Orbital ATK from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research note on Wednesday, January 3rd. Cowen reaffirmed a “hold” rating and set a $134.50 target price on shares of Orbital ATK in a research note on Wednesday, November 22nd. ValuEngine raised Orbital ATK from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. TheStreet cut Orbital ATK from a “b” rating to a “c” rating in a research note on Wednesday, December 27th. Finally, Credit Suisse Group cut Orbital ATK from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 8th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $123.56.
Orbital ATK Inc (NYSE OA) opened at $131.60 on Monday. The firm has a market capitalization of $7,606.23, a PE ratio of 20.86, a price-to-earnings-growth ratio of 2.17 and a beta of -0.27. Orbital ATK Inc has a 12 month low of $89.73 and a 12 month high of $134.59. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.59 and a current ratio of 1.74.
Orbital ATK (NYSE:OA) last announced its quarterly earnings results on Thursday, February 22nd. The aerospace company reported $1.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.79 by ($0.02). The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.26 billion. Orbital ATK had a net margin of 6.50% and a return on equity of 18.32%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 EPS. equities research analysts forecast that Orbital ATK Inc will post 6.73 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $1.28 annualized dividend and a dividend yield of 0.97%. Orbital ATK’s payout ratio is 23.88%.
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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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