Icon Advisers Inc. Co. Has $249,000 Holdings in Orbital ATK Inc (OA)
Icon Advisers Inc. Co. trimmed its stake in Orbital ATK Inc (NYSE:OA) by 91.6% during the 4th quarter, HoldingsChannel reports. The fund owned 1,890 shares of the aerospace company’s stock after selling 20,610 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Orbital ATK were worth $249,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in OA. Cerebellum GP LLC purchased a new position in shares of Orbital ATK in the fourth quarter worth $127,000. Front Row Advisors LLC purchased a new position in shares of Orbital ATK in the fourth quarter worth $132,000. LMR Partners LLP purchased a new position in shares of Orbital ATK in the third quarter worth $201,000. Cadence Capital Management LLC purchased a new position in shares of Orbital ATK in the third quarter worth $204,000. Finally, HL Financial Services LLC purchased a new position in shares of Orbital ATK in the third quarter worth $238,000. 81.09% of the stock is currently owned by institutional investors and hedge funds.
In other Orbital ATK news, Director Harrison H. Schmitt sold 1,500 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $131.60, for a total transaction of $197,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.20% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Friday, February 9th. Orbital ATK’s dividend payout ratio is presently 23.79%.
Several research analysts have recently weighed in on the company. ValuEngine upgraded Orbital ATK from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. FIG Partners upgraded Orbital ATK to a “market perform” rating in a research report on Wednesday, January 24th. Zacks Investment Research upgraded Orbital ATK from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a research report on Tuesday, January 16th. TheStreet cut Orbital ATK from a “b” rating to a “c” rating in a research report on Wednesday, December 27th. Finally, Cowen reiterated a “hold” rating and set a $134.50 price objective on shares of Orbital ATK in a research report on Wednesday, November 22nd. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Orbital ATK has a consensus rating of “Hold” and an average price target of $123.56.
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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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