First Eagle Investment Management LLC grew its position in shares of Orbital ATK, Inc. (NYSE:OA) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,652,101 shares of the aerospace company’s stock after buying an additional 42,211 shares during the quarter. Orbital ATK accounts for approximately 1.4% of First Eagle Investment Management LLC’s investment portfolio, making the stock its 22nd biggest holding. First Eagle Investment Management LLC owned 8.06% of Orbital ATK worth $619,474,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of OA. Pacer Advisors Inc. increased its stake in shares of Orbital ATK by 16.4% during the 2nd quarter. Pacer Advisors Inc. now owns 8,832 shares of the aerospace company’s stock worth $869,000 after purchasing an additional 1,245 shares during the last quarter. Rovida Advisors Inc. increased its stake in shares of Orbital ATK by 79.1% during the 2nd quarter. Rovida Advisors Inc. now owns 235,034 shares of the aerospace company’s stock worth $23,118,000 after purchasing an additional 103,800 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Orbital ATK by 4.2% during the 2nd quarter. Principal Financial Group Inc. now owns 242,633 shares of the aerospace company’s stock worth $23,865,000 after purchasing an additional 9,721 shares during the last quarter. Keybank National Association OH increased its stake in shares of Orbital ATK by 71.2% during the 2nd quarter. Keybank National Association OH now owns 14,734 shares of the aerospace company’s stock worth $1,449,000 after purchasing an additional 6,129 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Orbital ATK by 1.3% during the 2nd quarter. BlackRock Inc. now owns 5,157,936 shares of the aerospace company’s stock worth $507,335,000 after purchasing an additional 67,560 shares during the last quarter. 86.21% of the stock is currently owned by hedge funds and other institutional investors.

Orbital ATK, Inc. (OA) traded down $0.39 during trading on Wednesday, reaching $132.39. 337,100 shares of the company were exchanged, compared to its average volume of 426,940. The stock has a market cap of $7,665.89, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 2.39 and a beta of -0.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 1.66. Orbital ATK, Inc. has a fifty-two week low of $82.44 and a fifty-two week high of $134.59.

Orbital ATK (NYSE:OA) last released its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.19. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.15 billion. Orbital ATK had a net margin of 6.62% and a return on equity of 17.32%. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.15 EPS. equities research analysts anticipate that Orbital ATK, Inc. will post 6.18 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 16th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%. Orbital ATK’s dividend payout ratio (DPR) is currently 23.79%.

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Several equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of Orbital ATK from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Cowen and Company restated a “hold” rating and set a $134.50 price target on shares of Orbital ATK in a research note on Tuesday, September 19th. Stifel Nicolaus lowered shares of Orbital ATK from a “buy” rating to a “hold” rating and raised their price target for the stock from $120.00 to $134.50 in a research note on Tuesday, September 19th. Argus lowered shares of Orbital ATK from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, Credit Suisse Group lowered shares of Orbital ATK from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 8th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $122.28.

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.

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

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