TimesSquare Capital Management LLC Reduces Holdings in Orbital ATK, Inc. (OA)
TimesSquare Capital Management LLC lessened its stake in shares of Orbital ATK, Inc. (NYSE:OA) by 9.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,042,480 shares of the aerospace company’s stock after selling 109,097 shares during the period. TimesSquare Capital Management LLC owned 1.81% of Orbital ATK worth $102,538,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in OA. Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of Orbital ATK by 3.5% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 1,037 shares of the aerospace company’s stock valued at $102,000 after purchasing an additional 35 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in shares of Orbital ATK by 9.6% during the 2nd quarter. CENTRAL TRUST Co now owns 1,143 shares of the aerospace company’s stock valued at $112,000 after purchasing an additional 100 shares during the last quarter. Stephens Inc. AR boosted its holdings in shares of Orbital ATK by 6.1% during the 1st quarter. Stephens Inc. AR now owns 1,253 shares of the aerospace company’s stock valued at $123,000 after purchasing an additional 72 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Orbital ATK during the 2nd quarter valued at about $128,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Orbital ATK by 23.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,207 shares of the aerospace company’s stock valued at $216,000 after acquiring an additional 413 shares during the last quarter. 85.39% of the stock is owned by institutional investors and hedge funds.
Orbital ATK, Inc. (OA) traded down 0.74% during mid-day trading on Thursday, reaching $107.00. 48,556 shares of the company were exchanged. The company has a 50 day moving average of $105.99 and a 200-day moving average of $100.37. Orbital ATK, Inc. has a 1-year low of $71.52 and a 1-year high of $112.03. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 22.27 and a beta of -0.34.
Orbital ATK (NYSE:OA) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.11. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. Orbital ATK had a net margin of 6.11% and a return on equity of 15.62%. Orbital ATK’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.35 EPS. On average, equities research analysts forecast that Orbital ATK, Inc. will post $6.17 EPS for the current year.
The company also recently announced 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 is Friday, September 1st. This represents a $1.28 annualized dividend and a yield of 1.19%.
In other Orbital ATK news, insider Frank L. Jr. Culbertson sold 2,002 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $105.89, for a total value of $211,991.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Thomas E. Mccabe sold 400 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $101.60, for a total transaction of $40,640.00. The disclosure for this sale can be found here. Insiders sold a total of 2,802 shares of company stock worth $294,814 over the last quarter. 1.20% of the stock is currently owned by company insiders.
OA has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $122.00 price target (up previously from $115.00) on shares of Orbital ATK in a report on Friday, August 4th. BidaskClub raised shares of Orbital ATK from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Orbital ATK in a report on Friday, August 4th. Finally, ValuEngine raised shares of Orbital ATK from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Orbital ATK currently has a consensus rating of “Buy” and a consensus target price of $108.56.
WARNING: “TimesSquare Capital Management LLC Reduces Holdings in Orbital ATK, Inc. (OA)” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/09/07/timessquare-capital-management-llc-reduces-holdings-in-orbital-atk-inc-oa.html.
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.
Want to see what other hedge funds are holding OA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orbital ATK, Inc. (NYSE:OA).
Receive News & Stock Ratings for Orbital ATK Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orbital ATK Inc. and related stocks with our FREE daily email newsletter.