Orbital ATK, Inc. (OA) Holdings Lifted by Tudor Investment Corp ET AL
Tudor Investment Corp ET AL grew its position in Orbital ATK, Inc. (NYSE:OA) by 29.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 13,519 shares of the aerospace company’s stock after buying an additional 3,062 shares during the period. Tudor Investment Corp ET AL’s holdings in Orbital ATK were worth $1,330,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of OA. Bank of Montreal Can lifted its stake in shares of Orbital ATK by 0.6% in the second quarter. Bank of Montreal Can now owns 2,651 shares of the aerospace company’s stock worth $261,000 after buying an additional 15 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in shares of Orbital ATK by 0.5% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 11,145 shares of the aerospace company’s stock valued at $1,096,000 after acquiring an additional 50 shares in the last quarter. World Asset Management Inc increased its position in shares of Orbital ATK by 1.8% during the second quarter. World Asset Management Inc now owns 2,814 shares of the aerospace company’s stock valued at $277,000 after acquiring an additional 51 shares in the last quarter. First Quadrant L P CA increased its position in shares of Orbital ATK by 0.5% during the second quarter. First Quadrant L P CA now owns 12,061 shares of the aerospace company’s stock valued at $1,186,000 after acquiring an additional 61 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Orbital ATK by 2.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,613 shares of the aerospace company’s stock valued at $256,000 after acquiring an additional 67 shares in the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.
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 stock was sold at an average price of $105.89, for a total transaction of $211,991.78. The transaction was disclosed in a filing with the SEC, which is accessible 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 value of $40,640.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,002 shares of company stock valued at $316,492. Corporate insiders own 1.20% of the company’s stock.
A number of brokerages recently weighed in on OA. Zacks Investment Research upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Tuesday. ValuEngine downgraded Orbital ATK from a “buy” rating to a “hold” rating in a research note on Monday. Stifel Nicolaus reissued a “buy” rating on shares of Orbital ATK in a report on Thursday, September 21st. Cowen and Company reissued a “hold” rating and issued a $134.50 target price on shares of Orbital ATK in a report on Tuesday, September 19th. Finally, SunTrust Banks, Inc. cut Orbital ATK from a “buy” rating to a “hold” rating and set a $106.00 price target for the company. in a research note on Tuesday, September 19th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $120.89.
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Shares of Orbital ATK, Inc. (NYSE OA) opened at 133.80 on Wednesday. Orbital ATK, Inc. has a 52-week low of $71.52 and a 52-week high of $134.12. The stock has a market cap of $7.71 billion, a PE ratio of 27.85 and a beta of -0.30. The company’s 50-day moving average price is $116.56 and its 200-day moving average price is $104.21.
Orbital ATK (NYSE:OA) last released its earnings results on Thursday, August 3rd. The aerospace company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the business earned $1.35 EPS. On average, equities research analysts forecast that Orbital ATK, Inc. will post $6.18 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Wednesday, September 6th were issued a $0.32 dividend. The ex-dividend date was Friday, September 1st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.95%.
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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