Keeley Teton Advisors LLC Sells 45,797 Shares of Orbital ATK, Inc. (OA)
Keeley Teton Advisors LLC cut its stake in shares of Orbital ATK, Inc. (NYSE:OA) by 51.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,269 shares of the aerospace company’s stock after selling 45,797 shares during the period. Keeley Teton Advisors LLC owned 0.08% of Orbital ATK worth $5,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also modified their holdings of the company. LMR Partners LLP purchased a new stake in shares of Orbital ATK in the third quarter worth approximately $201,000. Cadence Capital Management LLC purchased a new stake in shares of Orbital ATK in the third quarter worth approximately $204,000. ETF Managers Group LLC purchased a new stake in shares of Orbital ATK in the second quarter worth approximately $228,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings 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 worth $235,000 after buying an additional 187 shares during the period. Finally, HL Financial Services LLC purchased a new stake in shares of Orbital ATK in the third quarter worth approximately $238,000. Hedge funds and other institutional investors own 85.80% of the company’s stock.
Several brokerages have recently weighed in on OA. Credit Suisse Group downgraded Orbital ATK from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 8th. Zacks Investment Research downgraded Orbital ATK from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Stifel Nicolaus reiterated a “buy” rating on shares of Orbital ATK in a report on Thursday, September 21st. Argus upgraded Orbital ATK from a “hold” rating to a “buy” rating and increased their price target for the stock from $106.58 to $120.00 in a report on Monday, August 14th. They noted that the move was a valuation call. Finally, Cowen reiterated a “hold” rating and issued a $134.50 price target on shares of Orbital ATK in a report on Wednesday, November 22nd. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $123.56.
Orbital ATK (NYSE:OA) last released its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.56 by $0.19. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.15 billion. Orbital ATK had a return on equity of 17.32% and a net margin of 6.62%. Orbital ATK’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the business posted $1.15 EPS. equities analysts anticipate that Orbital ATK, Inc. will post 6.22 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 16th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $1.28 annualized dividend and a yield of 0.97%. Orbital ATK’s payout ratio is currently 23.79%.
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Orbital ATK Company 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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