Orbital ATK, Inc. (OA) Shares Bought by Russell Investments Group Ltd.
Russell Investments Group Ltd. lifted its stake in Orbital ATK, Inc. (NYSE:OA) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 535,200 shares of the aerospace company’s stock after acquiring an additional 9,836 shares during the quarter. Russell Investments Group Ltd. owned 0.93% of Orbital ATK worth $71,266,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. grew its stake in shares of Orbital ATK by 16.4% in the second quarter. Pacer Advisors Inc. now owns 8,832 shares of the aerospace company’s stock worth $869,000 after acquiring an additional 1,245 shares during the period. Rovida Advisors Inc. lifted its holdings in Orbital ATK by 79.1% during the second quarter. Rovida Advisors Inc. now owns 235,034 shares of the aerospace company’s stock valued at $23,118,000 after purchasing an additional 103,800 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Orbital ATK by 4.2% during the second quarter. Principal Financial Group Inc. now owns 242,633 shares of the aerospace company’s stock valued at $23,865,000 after purchasing an additional 9,721 shares in the last quarter. Keybank National Association OH lifted its holdings in Orbital ATK by 71.2% during the second quarter. Keybank National Association OH now owns 14,734 shares of the aerospace company’s stock valued at $1,449,000 after purchasing an additional 6,129 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Orbital ATK by 1.3% in the second quarter. BlackRock Inc. now owns 5,157,936 shares of the aerospace company’s stock worth $507,335,000 after buying an additional 67,560 shares in the last quarter. Hedge funds and other institutional investors own 86.21% of the company’s stock.
OA has been the topic of several research reports. TheStreet upgraded shares of Orbital ATK from a “c” rating to a “b” rating in a research report on Monday, August 28th. ValuEngine upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Tuesday, October 3rd. Wells Fargo & Company cut shares of Orbital ATK from an “outperform” rating to a “market perform” rating in a report on Friday, October 6th. Finally, Jefferies Group LLC cut shares of Orbital ATK from a “buy” rating to a “hold” rating and upped their price target for the stock from $122.00 to $134.50 in a report on Thursday, October 5th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $122.28.
Shares of Orbital ATK, Inc. (NYSE:OA) traded up $0.04 during trading hours on Friday, reaching $132.43. 546,400 shares of the company traded hands, compared to its average volume of 427,478. Orbital ATK, Inc. has a one year low of $82.44 and a one year high of $134.59. The company has a current ratio of 1.87, a quick ratio of 1.66 and a debt-to-equity ratio of 0.66. The firm has a market cap of $7,640.00, a P/E ratio of 22.83, a PEG ratio of 2.38 and a beta of 0.45.
Orbital ATK (NYSE:OA) last issued its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $1.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.19. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.15 billion. Orbital ATK had a net margin of 6.62% and a return on equity of 17.32%. Orbital ATK’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.15 EPS. research analysts anticipate that Orbital ATK, Inc. will post 6.18 EPS for the current year.
The firm also recently announced 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 23.62%.
Orbital ATK Company 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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