Public Employees Retirement Association of Colorado Reduces Position in Orbital ATK Inc (NYSE:OA)
Public Employees Retirement Association of Colorado cut its position in shares of Orbital ATK Inc (NYSE:OA) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,417 shares of the aerospace company’s stock after selling 45 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Orbital ATK were worth $1,123,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in OA. US Bancorp DE increased its stake in shares of Orbital ATK by 5.5% in the first quarter. US Bancorp DE now owns 28,294 shares of the aerospace company’s stock worth $2,772,000 after buying an additional 1,484 shares in the last quarter. Princeton Alpha Management LP bought a new stake in shares of Orbital ATK during the first quarter worth about $487,000. AMG National Trust Bank increased its stake in shares of Orbital ATK by 12.1% in the first quarter. AMG National Trust Bank now owns 8,895 shares of the aerospace company’s stock worth $872,000 after buying an additional 961 shares in the last quarter. Bbva Compass Bancshares Inc. increased its stake in shares of Orbital ATK by 18.8% in the first quarter. Bbva Compass Bancshares Inc. now owns 6,585 shares of the aerospace company’s stock worth $645,000 after buying an additional 1,044 shares in the last quarter. Finally, Eqis Capital Management Inc. increased its stake in shares of Orbital ATK by 20.1% in the first quarter. Eqis Capital Management Inc. now owns 6,994 shares of the aerospace company’s stock worth $685,000 after buying an additional 1,170 shares in the last quarter. Institutional investors own 86.88% of the company’s stock.
Orbital ATK Inc (OA) opened at 108.68 on Tuesday. The firm has a 50 day moving average of $102.45 and a 200-day moving average of $98.09. Orbital ATK Inc has a 52 week low of $71.52 and a 52 week high of $110.55. The stock has a market capitalization of $6.26 billion, a PE ratio of 22.62 and a beta of -0.31.
Orbital ATK (NYSE:OA) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.11. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Orbital ATK had a net margin of 7.89% and a return on equity of 18.46%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.35 earnings per share. On average, equities analysts predict that Orbital ATK Inc will post $6.16 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Friday, September 1st.
A number of brokerages have issued reports on OA. Argus upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and lifted their price target for the company from $106.58 to $120.00 in a report on Monday. They noted that the move was a valuation call. Stifel Nicolaus reiterated a “buy” rating on shares of Orbital ATK in a report on Friday, August 4th. Jefferies Group LLC reiterated 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. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $106.00 price target on shares of Orbital ATK in a report on Monday, June 5th. Finally, Zacks Investment Research upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Monday, July 31st. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $108.56.
In other news, VP Thomas E. Mccabe sold 3,533 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $103.24, for a total value of $364,746.92. Following the completion of the sale, the vice president now directly owns 8,138 shares in the company, valued at $840,167.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Christine Ann Wolf sold 5,039 shares of the stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $101.54, for a total transaction of $511,660.06. The disclosure for this sale can be found here. Insiders have sold 16,674 shares of company stock valued at $1,722,611 over the last 90 days. 1.20% of the stock is currently owned by company insiders.
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.
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