Orbital ATK, Inc. (OA) Position Cut by Stratos Wealth Partners LTD.
Stratos Wealth Partners LTD. reduced its position in shares of Orbital ATK, Inc. (NYSE:OA) by 7.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,427 shares of the aerospace company’s stock after selling 205 shares during the period. Stratos Wealth Partners LTD.’s holdings in Orbital ATK were worth $239,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in OA. BlackRock Inc. increased its stake in shares of Orbital ATK by 17,832.1% in the first quarter. BlackRock Inc. now owns 5,090,376 shares of the aerospace company’s stock worth $498,857,000 after buying an additional 5,061,989 shares during the last quarter. Airain ltd acquired a new stake in shares of Orbital ATK during the first quarter worth $1,176,000. Geode Capital Management LLC increased its stake in shares of Orbital ATK by 5.0% in the first quarter. Geode Capital Management LLC now owns 448,256 shares of the aerospace company’s stock worth $43,929,000 after buying an additional 21,486 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Orbital ATK by 11.6% in the first quarter. Victory Capital Management Inc. now owns 9,058 shares of the aerospace company’s stock worth $888,000 after buying an additional 944 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Orbital ATK by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 691,229 shares of the aerospace company’s stock worth $67,739,000 after buying an additional 27,571 shares during the last quarter. Hedge funds and other institutional investors own 86.42% of the company’s stock.
Shares of Orbital ATK, Inc. (NYSE:OA) opened at 106.58 on Friday. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 22.19 and a beta of -0.31. Orbital ATK, Inc. has a 1-year low of $71.52 and a 1-year high of $107.45. The firm’s 50-day moving average is $102.16 and its 200-day moving average is $97.80.
Orbital ATK (NYSE:OA) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.11. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.35 EPS. On average, analysts predict that Orbital ATK, Inc. will post $6.16 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, September 1st. This represents a $1.28 annualized dividend and a dividend yield of 1.20%.
OA has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating and issued a $122.00 price target (up from $115.00) on shares of Orbital ATK in a report on Friday, August 4th. BidaskClub raised shares of Orbital ATK from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Stifel Nicolaus reissued a “buy” rating on shares of Orbital ATK in a report on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $106.00 price target on shares of Orbital ATK in a report on Monday, June 5th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $105.42.
In other news, insider Frank L. Jr. Culbertson sold 2,002 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $105.89, for a total transaction of $211,991.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christine Ann Wolf sold 5,039 shares of the business’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $101.54, for a total value of $511,660.06. The disclosure for this sale can be found here. Insiders have sold a total of 16,674 shares of company stock valued at $1,722,611 over the last 90 days. Corporate 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.
Want to see what other hedge funds are holding OA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orbital ATK, Inc. (NYSE:OA).
Receive News & Ratings for Orbital ATK Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orbital ATK Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.