Orbital ATK Inc (OA) Shares Bought by Koch Industries Inc.
Koch Industries Inc. grew its holdings in Orbital ATK Inc (NYSE:OA) by 195.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 145,000 shares of the aerospace company’s stock after acquiring an additional 96,000 shares during the period. Orbital ATK comprises approximately 2.8% of Koch Industries Inc.’s portfolio, making the stock its 6th biggest holding. Koch Industries Inc.’s holdings in Orbital ATK were worth $19,068,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Bbva Compass Bancshares Inc. boosted its stake in shares of Orbital ATK by 7.8% during the 4th quarter. Bbva Compass Bancshares Inc. now owns 6,785 shares of the aerospace company’s stock worth $892,000 after purchasing an additional 493 shares during the period. Suntrust Banks Inc. boosted its stake in shares of Orbital ATK by 25.7% during the 4th quarter. Suntrust Banks Inc. now owns 2,909 shares of the aerospace company’s stock worth $381,000 after purchasing an additional 595 shares during the period. Itau Unibanco Holding S.A. purchased a new position in shares of Orbital ATK during the 4th quarter worth about $102,000. Oppenheimer & Co. Inc. boosted its stake in shares of Orbital ATK by 15.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,338 shares of the aerospace company’s stock worth $844,000 after purchasing an additional 838 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of Orbital ATK by 23.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,539 shares of the aerospace company’s stock worth $597,000 after purchasing an additional 848 shares during the period. 80.63% of the stock is owned by institutional investors and hedge funds.
In other Orbital ATK news, Director Harrison H. Schmitt sold 1,500 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $131.60, for a total value of $197,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by insiders.
Orbital ATK (NYSE:OA) last released its quarterly earnings data on Thursday, February 22nd. The aerospace company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.02). The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Orbital ATK had a net margin of 6.50% and a return on equity of 18.32%. Orbital ATK’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $1.26 earnings per share. equities research analysts anticipate that Orbital ATK Inc will post 6.73 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Monday, February 12th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.28 annualized dividend and a yield of 0.97%. Orbital ATK’s dividend payout ratio (DPR) is 23.88%.
A number of equities analysts recently commented on the stock. Credit Suisse Group cut shares of Orbital ATK from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 8th. Zacks Investment Research raised shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a research note on Wednesday, January 10th. FIG Partners raised shares of Orbital ATK to a “market perform” rating in a research note on Wednesday, January 24th. Cowen reaffirmed a “hold” rating and set a $134.50 price target on shares of Orbital ATK in a research note on Wednesday, November 22nd. Finally, ValuEngine raised shares of Orbital ATK from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Orbital ATK currently has an average rating of “Hold” and an average price target of $123.56.
COPYRIGHT VIOLATION WARNING: “Orbital ATK Inc (OA) Shares Bought by Koch Industries Inc.” was originally reported by Watch List News and is owned by of Watch List News. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.watchlistnews.com/orbital-atk-inc-oa-shares-bought-by-koch-industries-inc/1909731.html.
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.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orbital ATK and related companies with MarketBeat.com's FREE daily email newsletter.