Stephens Inc. AR increased its stake in shares of Orbital ATK, Inc. (NYSE:OA) by 6.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,253 shares of the aerospace company’s stock after buying an additional 72 shares during the period. Stephens Inc. AR’s holdings in Orbital ATK were worth $123,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI increased its position in shares of Orbital ATK by 10.6% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 3,596 shares of the aerospace company’s stock valued at $315,000 after buying an additional 346 shares during the period. Comerica Bank increased its position in shares of Orbital ATK by 6.1% in the fourth quarter. Comerica Bank now owns 44,316 shares of the aerospace company’s stock valued at $3,943,000 after buying an additional 2,548 shares during the period. Cipher Capital LP acquired a new position in shares of Orbital ATK during the fourth quarter valued at approximately $560,000. State Street Corp increased its position in shares of Orbital ATK by 6.0% in the fourth quarter. State Street Corp now owns 1,674,081 shares of the aerospace company’s stock valued at $146,868,000 after buying an additional 95,193 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Orbital ATK by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 725,301 shares of the aerospace company’s stock valued at $63,631,000 after buying an additional 7,029 shares during the period. Institutional investors own 87.25% of the company’s stock.
Shares of Orbital ATK, Inc. (NYSE OA) traded up 0.7471% during mid-day trading on Monday, hitting $100.2434. The stock had a trading volume of 37,942 shares. The stock has a 50 day moving average price of $99.27 and a 200-day moving average price of $93.97. The company has a market cap of $5.79 billion, a PE ratio of 20.6687 and a beta of -0.31. Orbital ATK, Inc. has a 52-week low of $67.04 and a 52-week high of $105.09.
Orbital ATK (NYSE:OA) last posted its quarterly earnings data on Thursday, May 11th. The aerospace company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by $0.14. Orbital ATK had a return on equity of 15.34% and a net margin of 5.86%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business earned $1.44 EPS. Orbital ATK’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts expect that Orbital ATK, Inc. will post $6.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Wednesday, June 7th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Monday, June 5th.
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OA has been the subject of a number of analyst reports. Zacks Investment Research cut Orbital ATK from a “buy” rating to a “hold” rating in a research note on Thursday, March 16th. Jefferies Group LLC restated a “buy” rating and set a $115.00 price objective (up from $100.00) on shares of Orbital ATK in a research note on Saturday, March 11th. Stifel Nicolaus decreased their price objective on Orbital ATK from $120.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, March 9th. Barclays PLC restated an “overweight” rating and set a $105.00 price objective (up from $97.00) on shares of Orbital ATK in a research note on Saturday, March 11th. Finally, Cowen and Company upgraded Orbital ATK from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $83.00 to $108.00 in a research note on Thursday, March 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $103.28.
In other news, Director Harrison H. Schmitt sold 500 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas E. Mccabe sold 1,922 shares of the firm’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $99.00, for a total value of $190,278.00. Following the sale, the vice president now owns 5,539 shares of the company’s stock, valued at $548,361. The disclosure for this sale can be found here. Insiders sold a total of 16,994 shares of company stock worth $1,738,885 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.
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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