Orbital ATK, Inc. (OA) Position Reduced by Municipal Employees Retirement System of Michigan
Municipal Employees Retirement System of Michigan lessened its stake in Orbital ATK, Inc. (NYSE:OA) by 21.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,420 shares of the aerospace company’s stock after selling 4,860 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Orbital ATK were worth $2,320,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Pacer Advisors Inc. increased its position in Orbital ATK by 16.4% during the 2nd quarter. Pacer Advisors Inc. now owns 8,832 shares of the aerospace company’s stock valued at $869,000 after purchasing an additional 1,245 shares during the period. Rovida Advisors Inc. increased its position in Orbital ATK by 79.1% during the 2nd quarter. Rovida Advisors Inc. now owns 235,034 shares of the aerospace company’s stock valued at $23,118,000 after purchasing an additional 103,800 shares during the period. Principal Financial Group Inc. increased its position in Orbital ATK by 4.2% during the 2nd quarter. Principal Financial Group Inc. now owns 242,633 shares of the aerospace company’s stock valued at $23,865,000 after purchasing an additional 9,721 shares during the period. Keybank National Association OH increased its position in Orbital ATK by 71.2% during the 2nd quarter. Keybank National Association OH now owns 14,734 shares of the aerospace company’s stock valued at $1,449,000 after purchasing an additional 6,129 shares during the period. Finally, BlackRock Inc. increased its position in Orbital ATK by 1.3% during the 2nd quarter. BlackRock Inc. now owns 5,157,936 shares of the aerospace company’s stock valued at $507,335,000 after purchasing an additional 67,560 shares during the period. 86.21% of the stock is currently owned by institutional investors.
Shares of Orbital ATK, Inc. (NYSE:OA) opened at $132.39 on Thursday. The company has a market cap of $7,659.55, a P/E ratio of 22.89, a P/E/G ratio of 2.39 and a beta of -0.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 1.66. Orbital ATK, Inc. has a 12 month low of $82.44 and a 12 month high of $134.59.
Orbital ATK (NYSE:OA) last released its earnings results on Thursday, November 2nd. The aerospace company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 6.62% and a return on equity of 17.32%. Orbital ATK’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the business earned $1.15 EPS. analysts anticipate that Orbital ATK, Inc. will post 6.18 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 16th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, November 15th. Orbital ATK’s dividend payout ratio (DPR) is presently 23.79%.
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A number of brokerages have recently issued reports on OA. Jefferies Group LLC reaffirmed a “buy” rating and issued a $122.00 price objective (up previously from $115.00) on shares of Orbital ATK in a research report 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 price objective on the stock in a research report on Monday, July 31st. Stifel Nicolaus reaffirmed a “buy” rating on shares of Orbital ATK in a research report on Friday, August 4th. TheStreet raised shares of Orbital ATK from a “c” rating to a “b” rating in a research report on Monday, August 28th. Finally, ValuEngine raised shares of Orbital ATK from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $122.28.
About Orbital ATK
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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