Cowen Inc. acquired a new stake in Orbital ATK, Inc. (NYSE:OA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,900 shares of the aerospace company’s stock, valued at approximately $1,984,000.

Other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its holdings in shares of Orbital ATK by 16.4% during the second quarter. Pacer Advisors Inc. now owns 8,832 shares of the aerospace company’s stock worth $869,000 after purchasing an additional 1,245 shares during the last quarter. 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 last quarter. 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 last quarter. Keybank National Association OH boosted its holdings in shares of Orbital ATK by 71.2% during the second quarter. Keybank National Association OH now owns 14,734 shares of the aerospace company’s stock worth $1,449,000 after purchasing an additional 6,129 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Orbital ATK by 1.3% during the second quarter. BlackRock Inc. now owns 5,157,936 shares of the aerospace company’s stock worth $507,335,000 after purchasing an additional 67,560 shares during the last quarter. Hedge funds and other institutional investors own 85.80% of the company’s stock.

Shares of Orbital ATK, Inc. (NYSE:OA) traded down $0.32 during midday trading on Friday, hitting $132.15. The stock had a trading volume of 776,400 shares, compared to its average volume of 433,414. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.66 and a current ratio of 1.87. The firm has a market capitalization of $7,641.67, a P/E ratio of 22.84, a PEG ratio of 2.36 and a beta of -0.24. Orbital ATK, Inc. has a fifty-two week low of $82.44 and a fifty-two week high of $134.59.

Orbital ATK (NYSE:OA) last issued its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $1.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.19. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.15 billion. Orbital ATK had a return on equity of 17.32% and a net margin of 6.62%. The business’s revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.15 earnings per share. equities research analysts forecast that Orbital ATK, Inc. will post 6.23 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 16th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, November 15th. This represents a $1.28 annualized dividend and a dividend yield of 0.97%. Orbital ATK’s dividend payout ratio is presently 23.79%.

OA has been the topic of several research reports. SunTrust Banks lowered Orbital ATK from a “buy” rating to a “hold” rating and set a $106.00 target price on the stock. in a research report on Tuesday, September 19th. 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. ValuEngine raised Orbital ATK from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research lowered Orbital ATK from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Orbital ATK has an average rating of “Hold” and an average price target of $123.56.

COPYRIGHT VIOLATION WARNING: “Cowen Inc. Invests $1.98 Million in Orbital ATK, Inc. (OA) Stock” was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/12/08/cowen-inc-invests-1-98-million-in-orbital-atk-inc-oa-stock.html.

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.

Want to see what other hedge funds are holding OA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orbital ATK, Inc. (NYSE:OA).

Institutional Ownership by Quarter for Orbital ATK (NYSE:OA)

Receive News & Ratings for Orbital ATK Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orbital ATK Inc. and related companies with MarketBeat.com's FREE daily email newsletter.