8,900 Shares in Orbital ATK, Inc. (OA) Purchased by Laurion Capital Management LP
Laurion Capital Management LP bought a new position in shares of Orbital ATK, Inc. (NYSE:OA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,900 shares of the aerospace company’s stock, valued at approximately $875,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gilder Gagnon Howe & Co. LLC raised its stake in Orbital ATK by 3.5% during the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,037 shares of the aerospace company’s stock worth $102,000 after buying an additional 35 shares during the last quarter. CENTRAL TRUST Co raised its stake in Orbital ATK by 9.6% during the second quarter. CENTRAL TRUST Co now owns 1,143 shares of the aerospace company’s stock worth $112,000 after buying an additional 100 shares during the last quarter. Stephens Inc. AR raised its stake in Orbital ATK by 6.1% during the first quarter. Stephens Inc. AR now owns 1,253 shares of the aerospace company’s stock worth $123,000 after buying an additional 72 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Orbital ATK during the second quarter worth $128,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Orbital ATK by 23.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,207 shares of the aerospace company’s stock worth $216,000 after buying an additional 413 shares during the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.
In related news, VP Thomas E. Mccabe sold 400 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $101.60, for a total value of $40,640.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frank L. Jr. Culbertson sold 2,002 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $105.89, for a total transaction of $211,991.78. The disclosure for this sale can be found here. Insiders sold a total of 3,002 shares of company stock valued at $316,492 over the last 90 days. Company insiders own 1.20% of the company’s stock.
Shares of Orbital ATK, Inc. (NYSE:OA) opened at 132.64 on Monday. The firm has a market capitalization of $7.64 billion, a PE ratio of 27.61 and a beta of -0.34. The firm has a 50-day moving average of $108.83 and a 200-day moving average of $101.75. Orbital ATK, Inc. has a 12-month low of $71.52 and a 12-month high of $133.39.
Orbital ATK (NYSE:OA) last issued its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.11. Orbital ATK had a net margin of 6.11% and a return on equity of 15.62%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the business earned $1.35 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts anticipate that Orbital ATK, Inc. will post $6.18 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Wednesday, September 6th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.28 annualized dividend and a yield of 0.97%.
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OA has been the subject of a number of analyst reports. Jefferies Group LLC reissued a “buy” rating and set a $122.00 target price (up previously from $115.00) on shares of Orbital ATK in a research note on Friday, August 4th. Zacks Investment Research raised shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Monday, July 31st. 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, TheStreet upgraded shares of Orbital ATK from a “c” rating to a “b” rating in a report on Monday, August 28th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $117.00.
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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