CIBC Asset Management Inc purchased a new stake in shares of Orbital ATK, Inc. (NYSE:OA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,931 shares of the aerospace company’s stock, valued at approximately $257,000.

A number of other large investors have also bought and sold shares of OA. Bank of Montreal Can increased its position in Orbital ATK by 0.6% in the 2nd quarter. Bank of Montreal Can now owns 2,651 shares of the aerospace company’s stock worth $261,000 after purchasing an additional 15 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in Orbital ATK by 0.5% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 11,145 shares of the aerospace company’s stock worth $1,096,000 after purchasing an additional 50 shares during the last quarter. World Asset Management Inc increased its position in Orbital ATK by 1.8% in the 2nd quarter. World Asset Management Inc now owns 2,814 shares of the aerospace company’s stock worth $277,000 after purchasing an additional 51 shares during the last quarter. First Quadrant L P CA increased its position in Orbital ATK by 0.5% in the 2nd quarter. First Quadrant L P CA now owns 12,061 shares of the aerospace company’s stock worth $1,186,000 after purchasing an additional 61 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Orbital ATK by 0.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 25,072 shares of the aerospace company’s stock worth $2,466,000 after purchasing an additional 117 shares during the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Orbital ATK, Inc. (NYSE:OA) opened at $132.30 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 1.87 and a debt-to-equity ratio of 0.66. Orbital ATK, Inc. has a 52-week low of $82.44 and a 52-week high of $134.59. The company has a market capitalization of $7,630.00, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 2.37 and a beta of 0.45.

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 the Zacks’ consensus estimate of $1.56 by $0.19. Orbital ATK had a return on equity of 17.32% and a net margin of 6.62%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the firm posted $1.15 EPS. Orbital ATK’s quarterly revenue was up 16.6% compared to the same quarter last year. sell-side analysts expect that Orbital ATK, Inc. will post 6.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 16th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%. Orbital ATK’s payout ratio is presently 23.62%.

Several analysts have recently issued reports on OA shares. SunTrust Banks, Inc. downgraded 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. Zacks Investment Research upgraded Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and set a $122.00 price target (up previously from $115.00) on shares of Orbital ATK in a research note on Friday, August 4th. Wells Fargo & Company downgraded Orbital ATK from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. Finally, CL King downgraded Orbital ATK from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 19th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $122.28.

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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.

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

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