Jennison Associates LLC Has $25.13 Million Position in Orbital ATK, Inc. (OA)
Jennison Associates LLC decreased its position in shares of Orbital ATK, Inc. (NYSE:OA) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,529 shares of the aerospace company’s stock after selling 15,058 shares during the period. Jennison Associates LLC owned 0.44% of Orbital ATK worth $25,134,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of OA. Gilder Gagnon Howe & Co. LLC raised its stake in Orbital ATK by 3.5% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,037 shares of the aerospace company’s stock worth $102,000 after buying an additional 35 shares in the last quarter. CENTRAL TRUST Co raised its stake in Orbital ATK by 9.6% in the second quarter. CENTRAL TRUST Co now owns 1,143 shares of the aerospace company’s stock worth $112,000 after buying an additional 100 shares in the last quarter. Stephens Inc. AR raised its stake in Orbital ATK by 6.1% in the first quarter. Stephens Inc. AR now owns 1,253 shares of the aerospace company’s stock worth $123,000 after buying an additional 72 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Orbital ATK during the second quarter worth about $128,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Orbital ATK by 23.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,207 shares of the aerospace company’s stock worth $216,000 after buying an additional 413 shares in the last quarter. Institutional investors own 86.88% of the company’s stock.
Shares of Orbital ATK, Inc. (OA) opened at 107.19 on Friday. Orbital ATK, Inc. has a 52 week low of $71.52 and a 52 week high of $110.55. The company has a 50 day moving average of $104.27 and a 200-day moving average of $99.16. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 22.31 and a beta of -0.31.
Orbital ATK (NYSE:OA) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.11. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 EPS. On average, equities research analysts expect that Orbital ATK, Inc. will post $6.17 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Wednesday, September 6th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.28 annualized dividend and a yield of 1.19%.
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A number of analysts have recently issued reports on OA shares. Cowen and Company reiterated a “buy” rating on shares of Orbital ATK in a research note on Thursday, May 11th. BidaskClub upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Argus upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and lifted their price objective for the company from $106.58 to $120.00 in a research note on Monday, August 14th. They noted that the move was a valuation call. Stifel Nicolaus reiterated a “buy” rating on shares of Orbital ATK in a research note on Friday, August 4th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $122.00 price objective (up previously from $115.00) on shares of Orbital ATK in a research note on Friday, August 4th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $108.56.
In other news, Director Harrison H. Schmitt sold 500 shares of the business’s stock in a transaction on 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 transaction, the director now owns 11,952 shares of the company’s stock, valued at approximately $1,186,594.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider David W. Thompson sold 5,000 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $104.71, for a total value of $523,550.00. Following the transaction, the insider now directly owns 97,939 shares of the company’s stock, valued at approximately $10,255,192.69. The disclosure for this sale can be found here. Insiders sold a total of 16,874 shares of company stock valued at $1,744,411 over the last ninety days. Insiders own 1.20% of the company’s stock.
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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