Teachers Retirement System of The State of Kentucky Has $1.12 Million Holdings in Orbital ATK, Inc. (OA)
Teachers Retirement System of The State of Kentucky cut its stake in Orbital ATK, Inc. (NYSE:OA) by 7.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,386 shares of the aerospace company’s stock after selling 900 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Orbital ATK were worth $1,120,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. CENTRAL TRUST Co lifted its holdings in 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 acquiring an additional 100 shares during the period. Stephens Inc. AR increased its position in shares of Orbital ATK by 6.1% in the first quarter. Stephens Inc. AR now owns 1,253 shares of the aerospace company’s stock valued at $123,000 after buying an additional 72 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Orbital ATK in the second quarter valued at approximately $128,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Orbital ATK by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,394 shares of the aerospace company’s stock valued at $235,000 after buying an additional 187 shares in the last quarter. Finally, LS Investment Advisors LLC increased its position in shares of Orbital ATK by 37.8% in the second quarter. LS Investment Advisors LLC now owns 2,462 shares of the aerospace company’s stock valued at $242,000 after buying an additional 675 shares in the last quarter. 85.41% of the stock is owned by institutional investors.
A number of analysts have recently commented on OA shares. SunTrust Banks, Inc. cut Orbital ATK from a “buy” rating to a “hold” rating and set a $106.00 price objective for the company. in a research report on Tuesday, September 19th. Zacks Investment Research upgraded Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and issued a $122.00 price objective (up from $115.00) on shares of Orbital ATK in a research report on Friday, August 4th. Wells Fargo & Company cut Orbital ATK from an “outperform” rating to a “market perform” rating in a research report on Friday. Finally, CL King cut Orbital ATK from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 19th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $122.28.
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Shares of Orbital ATK, Inc. (OA) opened at 133.78 on Monday. The stock has a market capitalization of $7.71 billion, a PE ratio of 27.85 and a beta of -0.31. The company’s 50 day moving average price is $118.89 and its 200 day moving average price is $104.88. Orbital ATK, Inc. has a 12 month low of $71.52 and a 12 month high of $134.59.
Orbital ATK (NYSE:OA) last posted its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $1.35 EPS. Equities analysts anticipate that Orbital ATK, Inc. will post $6.18 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Stockholders of record on Wednesday, September 6th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.28 annualized dividend and a dividend yield of 0.96%.
In related news, insider Frank L. Jr. Culbertson sold 2,002 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $105.89, for a total value of $211,991.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas E. Mccabe sold 400 shares of the firm’s stock in a transaction that occurred on 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. Insiders sold a total of 3,002 shares of company stock valued at $316,492 over the last three months. Insiders own 1.20% of the company’s stock.
Orbital ATK 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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