Outfitter Advisors LTD. Cuts Stake in Orbital ATK, Inc. (NYSE:OA)
Outfitter Advisors LTD. decreased its position in Orbital ATK, Inc. (NYSE:OA) by 1.2% during the second quarter, Holdings Channel reports. The firm owned 68,100 shares of the aerospace company’s stock after selling 830 shares during the period. Orbital ATK makes up 2.5% of Outfitter Advisors LTD.’s investment portfolio, making the stock its 7th largest position. Outfitter Advisors LTD.’s holdings in Orbital ATK were worth $6,698,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in OA. US Bancorp DE raised its position in 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 during the period. Princeton Alpha Management LP bought a new position in Orbital ATK during the first quarter worth approximately $487,000. AMG National Trust Bank raised its position in 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 during the period. Bbva Compass Bancshares Inc. raised its position in 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 during the period. Finally, Eqis Capital Management Inc. raised its position in 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 during the period. Institutional investors own 86.42% of the company’s stock.
Orbital ATK, Inc. (OA) opened at 106.58 on Friday. The stock has a 50 day moving average price of $102.16 and a 200 day moving average price of $97.80. Orbital ATK, Inc. has a 52 week low of $71.52 and a 52 week high of $107.45. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 22.19 and a beta of -0.31.
Orbital ATK (NYSE:OA) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.11. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Orbital ATK had a net margin of 6.11% and a return on equity of 15.62%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 earnings per share. On average, equities analysts forecast that Orbital ATK, Inc. will post $6.16 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Wednesday, September 6th will be issued a $0.32 dividend. The ex-dividend date is Friday, September 1st. This represents a $1.28 annualized dividend and a dividend yield of 1.20%.
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Several equities analysts have recently issued reports on OA shares. Zacks Investment Research upgraded Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $122.00 price target (up previously from $115.00) on shares of Orbital ATK in a research note on Friday, August 4th. BidaskClub upgraded Orbital ATK from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Stifel Nicolaus reiterated a “buy” rating on shares of Orbital ATK in a research note on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $106.00 price target on shares of Orbital ATK in a research note on Monday, June 5th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Orbital ATK presently has a consensus rating of “Buy” and an average price target of $105.42.
In related news, VP Thomas E. Mccabe sold 400 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $101.60, for a total value of $40,640.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Frank L. Jr. Culbertson sold 2,002 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $105.89, for a total value of $211,991.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,674 shares of company stock worth $1,722,611. Insiders own 1.20% of the company’s stock.
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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