Liberty Mutual Group Asset Management Inc. decreased its stake in Orbital ATK Inc (NYSE:OA) by 13.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,624 shares of the aerospace company’s stock after selling 2,228 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Orbital ATK were worth $1,923,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Suntrust Banks Inc. increased its stake in shares of Orbital ATK by 25.7% in the fourth quarter. Suntrust Banks Inc. now owns 2,909 shares of the aerospace company’s stock valued at $381,000 after buying an additional 595 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of Orbital ATK in the fourth quarter valued at about $102,000. Oppenheimer & Co. Inc. increased its stake in shares of Orbital ATK by 15.2% in the third quarter. Oppenheimer & Co. Inc. now owns 6,338 shares of the aerospace company’s stock valued at $844,000 after buying an additional 838 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Orbital ATK by 23.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,539 shares of the aerospace company’s stock valued at $597,000 after buying an additional 848 shares during the period. Finally, Cerebellum GP LLC acquired a new stake in shares of Orbital ATK in the fourth quarter valued at about $127,000. 81.13% of the stock is owned by institutional investors.
OA has been the topic of several research analyst reports. Zacks Investment Research lowered Orbital ATK from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. TheStreet lowered Orbital ATK from a “b” rating to a “c” rating in a research report on Wednesday, December 27th. ValuEngine upgraded Orbital ATK from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. FIG Partners upgraded Orbital ATK to a “market perform” rating in a research report on Wednesday, January 24th. Finally, Cowen restated a “hold” rating and set a $134.50 target price on shares of Orbital ATK in a research report on Wednesday, November 22nd. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $123.56.
Orbital ATK Inc (NYSE OA) opened at $131.88 on Tuesday. The stock has a market capitalization of $7,606.23, a P/E ratio of 24.60, a price-to-earnings-growth ratio of 2.17 and a beta of -0.27. The company has a quick ratio of 1.59, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. Orbital ATK Inc has a fifty-two week low of $90.94 and a fifty-two week high of $134.59.
Orbital ATK (NYSE:OA) last announced its quarterly earnings results on Thursday, February 22nd. The aerospace company reported $1.77 earnings per share (EPS) for the quarter, missing the 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 return on equity of 18.32% and a net margin of 6.50%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 EPS. equities analysts expect that Orbital ATK Inc will post 6.73 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be issued a $0.32 dividend. The ex-dividend date is Friday, February 9th. This represents a $1.28 annualized dividend and a yield of 0.97%. Orbital ATK’s payout ratio is currently 23.88%.
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Orbital ATK 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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