Envestnet Asset Management Inc. lessened its stake in Orbital ATK Inc (NYSE:OA) by 6.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,904 shares of the aerospace company’s stock after selling 1,084 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Orbital ATK were worth $1,984,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of OA. LMR Partners LLP acquired a new position in Orbital ATK during the third quarter worth about $201,000. Cadence Capital Management LLC acquired a new position in Orbital ATK during the third quarter worth about $204,000. ETF Managers Group LLC acquired a new position in shares of Orbital ATK in the second quarter valued at approximately $228,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 during the period. Finally, HL Financial Services LLC acquired a new position in shares of Orbital ATK in the third quarter valued at approximately $238,000. 85.80% of the stock is owned by hedge funds and other institutional investors.

Orbital ATK Inc (NYSE:OA) opened at $131.91 on Friday. Orbital ATK Inc has a twelve month low of $85.51 and a twelve month high of $134.59. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 1.66. The stock has a market capitalization of $7,594.36, a price-to-earnings ratio of 22.70, a P/E/G ratio of 2.35 and a beta of -0.24.

Orbital ATK (NYSE:OA) last issued its earnings results on Thursday, November 2nd. The aerospace company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.19. Orbital ATK had a return on equity of 17.32% and a net margin of 6.62%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the business earned $1.15 EPS. Orbital ATK’s quarterly revenue was up 16.6% compared to the same quarter last year. analysts predict that Orbital ATK Inc will post 6.23 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Thursday, November 16th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Wednesday, November 15th. Orbital ATK’s dividend payout ratio is currently 23.79%.

OA has been the subject of several recent research reports. TheStreet raised Orbital ATK from a “c” rating to a “b” rating in a research note on Monday, August 28th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Orbital ATK in a research note on Thursday, September 21st. ValuEngine raised Orbital ATK from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised Orbital ATK from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research note on Tuesday, October 3rd. Finally, Cowen reaffirmed a “hold” rating and issued a $134.50 price objective on shares of Orbital ATK in a research note on Tuesday, September 19th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $123.56.

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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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Institutional Ownership by Quarter for Orbital ATK (NYSE:OA)

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