Rhumbline Advisers Decreases Stake in Orbital ATK, Inc. (OA)
Rhumbline Advisers lessened its position in Orbital ATK, Inc. (NYSE:OA) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,816 shares of the aerospace company’s stock after selling 392 shares during the quarter. Rhumbline Advisers owned about 0.17% of Orbital ATK worth $12,892,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ETF Managers Group LLC purchased a new position in Orbital ATK during the second quarter worth approximately $228,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Orbital ATK by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,394 shares of the aerospace company’s stock worth $235,000 after buying an additional 187 shares in the last quarter. HL Financial Services LLC purchased a new position in Orbital ATK during the third quarter worth approximately $238,000. LS Investment Advisors LLC lifted its position in Orbital ATK by 37.8% during the second quarter. LS Investment Advisors LLC now owns 2,462 shares of the aerospace company’s stock worth $242,000 after buying an additional 675 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new position in Orbital ATK during the third quarter worth approximately $246,000. Institutional investors and hedge funds own 86.74% of the company’s stock.
Orbital ATK, Inc. (OA) traded up $0.05 during mid-day trading on Friday, reaching $132.40. The company’s stock had a trading volume of 75,556 shares, compared to its average volume of 430,812. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.66 and a current ratio of 1.87. The firm has a market capitalization of $7,640.00, a PE ratio of 22.82, a price-to-earnings-growth ratio of 2.38 and a beta of 0.45. Orbital ATK, Inc. has a one year low of $82.44 and a one year high of $134.59.
Orbital ATK (NYSE:OA) last posted its earnings results on Thursday, November 2nd. The aerospace company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.19. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Orbital ATK had a return on equity of 17.32% and a net margin of 6.62%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 earnings per share. analysts predict that Orbital ATK, Inc. will post 6.18 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.32 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.28 annualized dividend and a yield of 0.97%. Orbital ATK’s dividend payout ratio (DPR) is 23.62%.
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A number of equities analysts recently commented on OA shares. Zacks Investment Research upgraded Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Monday, July 31st. BidaskClub downgraded Orbital ATK from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and set a $122.00 price objective (up previously from $115.00) on shares of Orbital ATK in a research report on Friday, August 4th. Stifel Nicolaus reiterated a “buy” rating on shares of Orbital ATK in a research report on Friday, August 4th. Finally, Argus upgraded Orbital ATK from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $106.58 to $120.00 in a research report on Monday, August 14th. They noted that the move was a valuation call. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Orbital ATK currently has a consensus rating of “Hold” and an average target price of $122.28.
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.
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