Orbital ATK, Inc. (OA) Shares Sold by Investment Centers of America Inc.
Investment Centers of America Inc. reduced its holdings in Orbital ATK, Inc. (NYSE:OA) by 22.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,765 shares of the aerospace company’s stock after selling 781 shares during the quarter. Investment Centers of America Inc.’s holdings in Orbital ATK were worth $367,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. LMR Partners LLP bought a new position in shares of Orbital ATK during the 3rd quarter valued at about $201,000. Cadence Capital Management LLC bought a new position in shares of Orbital ATK during the 3rd quarter valued at about $204,000. ETF Managers Group LLC bought a new position in shares of Orbital ATK during the 2nd quarter valued at about $228,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Orbital ATK by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,394 shares of the aerospace company’s stock valued at $235,000 after purchasing an additional 187 shares during the last quarter. Finally, HL Financial Services LLC bought a new position in shares of Orbital ATK during the 3rd quarter valued at about $238,000. Institutional investors and hedge funds own 85.74% of the company’s stock.
Orbital ATK, Inc. (NYSE:OA) traded up $0.34 on Friday, reaching $132.28. The company had a trading volume of 596,523 shares, compared to its average volume of 432,397. Orbital ATK, Inc. has a fifty-two week low of $82.44 and a fifty-two week high of $134.59. The company has a current ratio of 1.87, a quick ratio of 1.66 and a debt-to-equity ratio of 0.66. The company has a market cap of $7,630.00, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 2.36 and a beta of 0.45.
Orbital ATK (NYSE:OA) last released its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.19. Orbital ATK had a return on equity of 17.32% and a net margin of 6.62%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the business posted $1.15 EPS. The business’s revenue was up 16.6% on a year-over-year basis. equities research analysts anticipate that Orbital ATK, Inc. will post 6.23 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 16th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.97%. The ex-dividend date is Wednesday, November 15th. Orbital ATK’s dividend payout ratio (DPR) is currently 23.62%.
Several equities analysts recently issued reports on OA shares. SunTrust Banks lowered Orbital ATK from a “buy” rating to a “hold” rating and set a $106.00 price target on the stock. in a research report on Tuesday, September 19th. Jefferies Group restated a “buy” rating and set a $122.00 price target (up from $115.00) on shares of Orbital ATK in a research report on Friday, August 4th. Wells Fargo & Company lowered Orbital ATK from an “outperform” rating to a “market perform” rating in a research report on Friday, October 6th. CL King lowered Orbital ATK from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 19th. Finally, ValuEngine upgraded Orbital ATK from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Orbital ATK currently has a consensus rating of “Hold” and an average target price of $122.06.
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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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