London Co. of Virginia trimmed its holdings in shares of Orbital ATK Inc (NYSE:OA) by 23.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,038,686 shares of the aerospace company’s stock after selling 313,457 shares during the quarter. London Co. of Virginia’s holdings in Orbital ATK were worth $136,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in the stock. Bbva Compass Bancshares Inc. grew its stake in Orbital ATK by 7.8% during the 4th quarter. Bbva Compass Bancshares Inc. now owns 6,785 shares of the aerospace company’s stock worth $892,000 after buying an additional 493 shares during the last quarter. Suntrust Banks Inc. grew its stake in Orbital ATK by 25.7% during the 4th quarter. Suntrust Banks Inc. now owns 2,909 shares of the aerospace company’s stock worth $381,000 after buying an additional 595 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in Orbital ATK during the 4th quarter worth $102,000. Oppenheimer & Co. Inc. grew its stake in Orbital ATK by 15.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,338 shares of the aerospace company’s stock valued at $844,000 after purchasing an additional 838 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in Orbital ATK by 23.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,539 shares of the aerospace company’s stock valued at $597,000 after purchasing an additional 848 shares during the last quarter. 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 upgraded Orbital ATK from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a research note on Tuesday, January 16th. FIG Partners upgraded Orbital ATK to a “market perform” rating in a research note on Wednesday, January 24th. Credit Suisse Group downgraded Orbital ATK from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 8th. ValuEngine upgraded Orbital ATK from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, TheStreet downgraded Orbital ATK from a “b” rating to a “c” rating in a research note on Wednesday, December 27th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $123.56.
Orbital ATK Inc (OA) opened at $131.65 on Wednesday. The stock has a market capitalization of $7,622.41, a PE ratio of 20.90, a PEG ratio of 2.18 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 $92.35 and a fifty-two week high of $134.59.
Orbital ATK (NYSE:OA) last issued its quarterly earnings data on Thursday, February 22nd. The aerospace company reported $1.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.79 by ($0.02). The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.26 billion. Orbital ATK had a net margin of 6.50% and a return on equity of 18.32%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $1.26 EPS. sell-side analysts expect that Orbital ATK Inc will post 6.73 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders 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 dividend yield of 0.97%. Orbital ATK’s dividend payout ratio (DPR) is presently 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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