First Republic Investment Management Inc. Has $727,000 Stake in Orbital ATK Inc (OA)
First Republic Investment Management Inc. decreased its holdings in shares of Orbital ATK Inc (NYSE:OA) by 33.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,534 shares of the aerospace company’s stock after selling 2,782 shares during the period. First Republic Investment Management Inc.’s holdings in Orbital ATK were worth $727,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Westchester Capital Management LLC acquired a new position in Orbital ATK during the third quarter valued at approximately $5,635,000. Bank of Montreal Can grew its holdings in Orbital ATK by 1,121.4% during the fourth quarter. Bank of Montreal Can now owns 36,934 shares of the aerospace company’s stock valued at $4,857,000 after purchasing an additional 33,910 shares during the period. First Eagle Investment Management LLC grew its holdings in Orbital ATK by 0.9% during the third quarter. First Eagle Investment Management LLC now owns 4,652,101 shares of the aerospace company’s stock valued at $619,474,000 after purchasing an additional 42,211 shares during the period. Bessemer Group Inc. grew its holdings in Orbital ATK by 1,721.6% during the third quarter. Bessemer Group Inc. now owns 7,341 shares of the aerospace company’s stock valued at $978,000 after purchasing an additional 6,938 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in Orbital ATK by 115.8% during the third quarter. Public Employees Retirement System of Ohio now owns 58,375 shares of the aerospace company’s stock valued at $7,773,000 after purchasing an additional 31,322 shares during the period. Institutional investors own 80.63% of the company’s stock.
Orbital ATK Inc (NYSE OA) opened at $132.12 on Monday. The company has a quick ratio of 1.59, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. Orbital ATK Inc has a one year low of $93.03 and a one year high of $134.59. The firm has a market cap of $7,636.28, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 2.18 and a beta of -0.24.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Monday, February 12th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Friday, February 9th. Orbital ATK’s payout ratio is currently 23.88%.
A number of research analysts recently issued reports on OA shares. ValuEngine upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a report on Tuesday, January 16th. TheStreet cut shares of Orbital ATK from a “b” rating to a “c” rating in a report on Wednesday, December 27th. Cowen reaffirmed a “hold” rating and issued a $134.50 price target on shares of Orbital ATK in a research note on Wednesday, November 22nd. Finally, FIG Partners raised shares of Orbital ATK to a “market perform” rating in a research note on Wednesday, January 24th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $123.56.
In other Orbital ATK news, Director Harrison H. Schmitt sold 1,500 shares of Orbital ATK stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $131.60, for a total value of $197,400.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.
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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