Orbital ATK, Inc. (OA) Holdings Lowered by Oppenheimer & Co. Inc.
Oppenheimer & Co. Inc. trimmed its position in Orbital ATK, Inc. (NYSE:OA) by 3.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,500 shares of the aerospace company’s stock after selling 224 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Orbital ATK were worth $541,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Eagle Boston Investment Management Inc. boosted its holdings in shares of Orbital ATK by 2.3% during the second quarter. Eagle Boston Investment Management Inc. now owns 12,951 shares of the aerospace company’s stock worth $1,273,000 after purchasing an additional 285 shares during the period. Chicago Equity Partners LLC acquired a new stake in shares of Orbital ATK during the second quarter worth approximately $1,111,000. Scout Investments Inc. boosted its holdings in shares of Orbital ATK by 51.6% during the second quarter. Scout Investments Inc. now owns 244,236 shares of the aerospace company’s stock worth $24,023,000 after purchasing an additional 83,097 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Orbital ATK by 4.2% during the second quarter. Principal Financial Group Inc. now owns 242,633 shares of the aerospace company’s stock worth $23,865,000 after purchasing an additional 9,721 shares during the period. Finally, Rovida Advisors Inc. boosted its holdings in shares of Orbital ATK by 79.1% during the second quarter. Rovida Advisors Inc. now owns 235,034 shares of the aerospace company’s stock worth $23,118,000 after purchasing an additional 103,800 shares during the period. Institutional investors own 85.40% of the company’s stock.
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In other news, VP Thomas E. Mccabe sold 400 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frank L. Jr. Culbertson sold 2,002 shares of the stock in a transaction that occurred 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 have sold 2,802 shares of company stock valued at $294,814. Insiders own 1.20% of the company’s stock.
Several research firms recently commented on OA. Zacks Investment Research upgraded shares of Orbital ATK from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Argus upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and raised their price target for the stock from $106.58 to $120.00 in a report on Monday, August 14th. They noted that the move was a valuation call. BidaskClub upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Stifel Nicolaus restated a “buy” rating on shares of Orbital ATK in a report on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $106.00 price target on shares of Orbital ATK in a report on Monday, June 5th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $108.56.
Orbital ATK, Inc. (OA) opened at 108.41 on Friday. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 22.57 and a beta of -0.34. Orbital ATK, Inc. has a 12 month low of $71.52 and a 12 month high of $112.03. The company’s 50-day moving average is $106.88 and its 200 day moving average is $100.97.
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 analysts’ consensus estimates of $1.45 by $0.11. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the firm posted $1.35 EPS. The business’s revenue was up 2.9% on a year-over-year basis. Equities analysts forecast that Orbital ATK, Inc. will post $6.17 earnings per share for the current fiscal year.
The company also recently declared 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 of this dividend is Friday, September 1st.
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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