Principal Financial Group Inc. increased its holdings in shares of Orbital ATK, Inc. (NYSE:OA) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 243,690 shares of the aerospace company’s stock after acquiring an additional 1,057 shares during the quarter. Principal Financial Group Inc. owned approximately 0.42% of Orbital ATK worth $32,450,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. CENTRAL TRUST Co raised its stake in shares of Orbital ATK by 9.6% in the second quarter. CENTRAL TRUST Co now owns 1,143 shares of the aerospace company’s stock valued at $112,000 after buying an additional 100 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Orbital ATK in the second quarter valued at $128,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Orbital ATK in the third quarter valued at $246,000. Cue Financial Group Inc. bought a new stake in shares of Orbital ATK in the third quarter valued at $294,000. Finally, CAPROCK Group Inc. bought a new stake in shares of Orbital ATK in the third quarter valued at $295,000. Hedge funds and other institutional investors own 86.21% of the company’s stock.
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OA has been the topic of a number of analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $122.00 price objective (up from $115.00) on shares of Orbital ATK in a research note on Friday, August 4th. Zacks Investment Research upgraded Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research note on Monday, July 31st. Stifel Nicolaus reiterated a “buy” rating on shares of Orbital ATK in a research note on Friday, August 4th. TheStreet upgraded Orbital ATK from a “c” rating to a “b” rating in a research note on Monday, August 28th. Finally, ValuEngine upgraded Orbital ATK from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Orbital ATK currently has a consensus rating of “Hold” and an average price target of $122.28.
Orbital ATK (NYSE:OA) last announced its earnings results on Thursday, November 2nd. The aerospace company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.19. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.15 billion. Orbital ATK had a return on equity of 17.32% and a net margin of 6.62%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.15 EPS. research analysts expect that Orbital ATK, Inc. will post 6.18 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.28 annualized dividend and a yield of 0.97%. Orbital ATK’s dividend payout ratio is 23.79%.
About Orbital ATK
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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