Burney Co. cut its stake in shares of Orbital ATK (NYSE:OA) by 23.7% during the 1st quarter, HoldingsChannel reports. The fund owned 11,722 shares of the aerospace company’s stock after selling 3,638 shares during the period. Burney Co.’s holdings in Orbital ATK were worth $1,554,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pentwater Capital Management LP lifted its stake in shares of Orbital ATK by 320.7% in the fourth quarter. Pentwater Capital Management LP now owns 1,480,000 shares of the aerospace company’s stock valued at $194,620,000 after buying an additional 1,128,200 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Orbital ATK by 157.2% during the fourth quarter. Deutsche Bank AG now owns 779,120 shares of the aerospace company’s stock valued at $102,451,000 after purchasing an additional 476,167 shares in the last quarter. Gardner Lewis Asset Management L P bought a new position in shares of Orbital ATK during the fourth quarter valued at about $62,030,000. Gamco Investors INC. ET AL lifted its position in shares of Orbital ATK by 213.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 421,430 shares of the aerospace company’s stock valued at $55,418,000 after purchasing an additional 286,900 shares in the last quarter. Finally, Nuance Investments LLC bought a new position in shares of Orbital ATK during the fourth quarter valued at about $36,658,000. 78.06% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Thomas E. Mccabe sold 1,540 shares of the firm’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $131.80, for a total transaction of $202,972.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Orbital ATK opened at $133.28 on Thursday, according to MarketBeat. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.49 and a current ratio of 1.68. Orbital ATK has a fifty-two week low of $133.47 and a fifty-two week high of $133.50. The stock has a market cap of $7.71 billion, a P/E ratio of 21.22, a PEG ratio of 2.20 and a beta of -0.27.

Orbital ATK (NYSE:OA) last posted its quarterly earnings data on Thursday, May 3rd. The aerospace company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.26. Orbital ATK had a net margin of 6.89% and a return on equity of 19.90%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company posted $1.23 earnings per share. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. equities research analysts predict that Orbital ATK will post 6.73 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 17th. Investors of record on Friday, May 11th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $1.28 dividend on an annualized basis and a yield of 0.96%. Orbital ATK’s dividend payout ratio (DPR) is presently 20.38%.

A number of research analysts recently weighed in on the stock. FIG Partners raised shares of Orbital ATK to a “market perform” rating in a research report on Wednesday, January 24th. ValuEngine raised shares of Orbital ATK from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Ten research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $126.21.

Orbital ATK Profile

Orbital ATK, Inc develops and produces aerospace and defense related products to the U.S. Government, allied nations, prime contractors, and other customers in the United States and internationally. It operates through three segments: Flight Systems Group, Defense Systems Group, and Space Systems Group.

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

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