Smithfield Trust Co. Sells 255 Shares of Orbital ATK Inc. (OA)
Smithfield Trust Co. cut its position in Orbital ATK Inc. (NYSE:OA) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,905 shares of the company’s stock after selling 255 shares during the period. Smithfield Trust Co.’s holdings in Orbital ATK were worth $1,099,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Bbva Compass Bancshares Inc. acquired a new stake in shares of Orbital ATK during the second quarter worth about $255,000. Moody Lynn & Lieberson LLC raised its stake in shares of Orbital ATK by 1.2% in the second quarter. Moody Lynn & Lieberson LLC now owns 3,846 shares of the company’s stock worth $327,000 after buying an additional 45 shares during the last quarter. Monarch Partners Asset Management LLC raised its stake in shares of Orbital ATK by 18.4% in the second quarter. Monarch Partners Asset Management LLC now owns 117,540 shares of the company’s stock worth $10,007,000 after buying an additional 18,240 shares during the last quarter. First Midwest Bank Trust Division raised its stake in shares of Orbital ATK by 46.1% in the second quarter. First Midwest Bank Trust Division now owns 7,650 shares of the company’s stock worth $651,000 after buying an additional 2,413 shares during the last quarter. Finally, Retirement Systems of Alabama raised its stake in shares of Orbital ATK by 133.3% in the second quarter. Retirement Systems of Alabama now owns 176,986 shares of the company’s stock worth $15,069,000 after buying an additional 101,129 shares during the last quarter. 85.80% of the stock is currently owned by hedge funds and other institutional investors.
Orbital ATK Inc. (NYSE:OA) traded up 0.97% during midday trading on Friday, reaching $73.63. The company’s stock had a trading volume of 192,831 shares. The stock has a 50 day moving average of $75.10 and a 200 day moving average of $82.95. Orbital ATK Inc. has a 52 week low of $67.04 and a 52 week high of $94.92. The firm has a market capitalization of $4.31 billion, a PE ratio of 13.72 and a beta of -0.19.
Orbital ATK (NYSE:OA) last issued its earnings results on Wednesday, August 10th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. Orbital ATK had a return on equity of 16.55% and a net margin of 5.94%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.13 billion. On average, equities research analysts predict that Orbital ATK Inc. will post $5.50 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Wednesday, September 7th were paid a $0.30 dividend. The ex-dividend date was Friday, September 2nd. This represents a $1.20 dividend on an annualized basis and a yield of 1.65%. Orbital ATK’s dividend payout ratio (DPR) is currently 27.15%.
A number of research firms have recently commented on OA. Zacks Investment Research upgraded Orbital ATK from a “sell” rating to a “hold” rating in a report on Monday, September 19th. Deutsche Bank AG began coverage on Orbital ATK in a report on Thursday, September 1st. They issued a “buy” rating and a $100.00 price objective on the stock. Jefferies Group restated a “buy” rating and issued a $100.00 price objective on shares of Orbital ATK in a report on Friday, August 26th. Argus downgraded Orbital ATK from a “buy” rating to a “hold” rating and set a $91.75 price objective on the stock. in a report on Tuesday, August 23rd. Finally, Wells Fargo & Co. upgraded Orbital ATK from a “market perform” rating to an “outperform” rating in a report on Tuesday, August 23rd. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $98.16.
About Orbital ATK
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