Bragg Financial Advisors Inc Has $5.65 Million Position in Orbital ATK, Inc. (OA)
Bragg Financial Advisors Inc increased its stake in shares of Orbital ATK, Inc. (NYSE:OA) by 0.4% during the first quarter, Holdings Channel reports. The firm owned 57,669 shares of the aerospace company’s stock after buying an additional 240 shares during the period. Orbital ATK comprises about 0.9% of Bragg Financial Advisors Inc’s portfolio, making the stock its 28th largest position. Bragg Financial Advisors Inc owned approximately 0.10% of Orbital ATK worth $5,652,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of OA. Gilder Gagnon Howe & Co. LLC raised its position in Orbital ATK by 3.5% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,037 shares of the aerospace company’s stock valued at $102,000 after buying an additional 35 shares during the period. Stephens Inc. AR raised its position in 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 during the period. WFG Advisors LP raised its position in Orbital ATK by 210.8% in the fourth quarter. WFG Advisors LP now owns 4,743 shares of the aerospace company’s stock valued at $195,000 after buying an additional 3,217 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Orbital ATK by 23.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,207 shares of the aerospace company’s stock valued at $216,000 after buying an additional 413 shares during the period. Finally, United Capital Financial Advisers LLC bought a new position in Orbital ATK during the fourth quarter valued at about $227,000. Institutional investors own 87.25% of the company’s stock.
Orbital ATK, Inc. (OA) traded up 0.03% during midday trading on Wednesday, hitting $100.80. The company had a trading volume of 362,920 shares. Orbital ATK, Inc. has a 12 month low of $67.04 and a 12 month high of $105.09. The firm has a 50-day moving average price of $99.40 and a 200-day moving average price of $94.30. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 20.78 and a beta of -0.31.
Orbital ATK (NYSE:OA) last released its quarterly earnings results on Thursday, May 11th. The aerospace company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by $0.14. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Orbital ATK had a return on equity of 15.34% and a net margin of 5.86%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.44 EPS. Equities analysts anticipate that Orbital ATK, Inc. will post $6.04 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Wednesday, June 7th will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, June 5th. This represents a $1.28 dividend on an annualized basis and a yield of 1.27%.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Orbital ATK from a “buy” rating to a “hold” rating in a research note on Thursday, March 16th. Stifel Nicolaus dropped their price target on Orbital ATK from $120.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, March 9th. Cowen and Company restated a “hold” rating and set a $83.00 price target on shares of Orbital ATK in a research note on Wednesday, March 8th. Barclays PLC restated an “overweight” rating and set a $105.00 price target (up previously from $97.00) on shares of Orbital ATK in a research note on Saturday, March 11th. Finally, Jefferies Group LLC restated a “buy” rating and set a $115.00 price target on shares of Orbital ATK in a research note on Wednesday, April 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $103.28.
In other Orbital ATK news, Director Harrison H. Schmitt sold 500 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $99.28, for a total transaction of $49,640.00. Following the completion of the sale, the director now directly owns 11,952 shares of the company’s stock, valued at approximately $1,186,594.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David W. Thompson sold 5,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $104.71, for a total value of $523,550.00. Following the sale, the insider now directly owns 97,939 shares of the company’s stock, valued at $10,255,192.69. The disclosure for this sale can be found here. Insiders have sold a total of 16,994 shares of company stock worth $1,738,885 in the last 90 days. 1.00% of the stock is currently owned by company insiders.
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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