Public Employees Retirement System of Ohio lifted its position in Orbital ATK Inc (NYSE:OA) by 115.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,375 shares of the aerospace company’s stock after acquiring an additional 31,322 shares during the period. Public Employees Retirement System of Ohio owned 0.10% of Orbital ATK worth $7,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. California Public Employees Retirement System increased its position in shares of Orbital ATK by 5.2% in the 3rd quarter. California Public Employees Retirement System now owns 172,009 shares of the aerospace company’s stock valued at $22,905,000 after acquiring an additional 8,509 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Orbital ATK by 32.5% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,404 shares of the aerospace company’s stock valued at $586,000 after acquiring an additional 1,081 shares during the period. Westchester Capital Management LLC acquired a new position in shares of Orbital ATK in the 3rd quarter valued at $5,635,000. Cowen Inc. acquired a new position in shares of Orbital ATK in the 3rd quarter valued at $1,984,000. Finally, Magnetar Financial LLC increased its position in shares of Orbital ATK by 33,729.1% in the 3rd quarter. Magnetar Financial LLC now owns 825,091 shares of the aerospace company’s stock valued at $109,869,000 after acquiring an additional 822,652 shares during the period. 85.75% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Orbital ATK Inc (OA) opened at $132.25 on Friday. Orbital ATK Inc has a 1-year low of $85.51 and a 1-year high of $134.59. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 1.66. The company has a market cap of $7,627.24, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 2.35 and a beta of -0.24.

Orbital ATK (NYSE:OA) last posted its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.56 by $0.19. Orbital ATK had a net margin of 6.62% and a return on equity of 17.32%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company earned $1.15 earnings per share. The firm’s revenue was up 16.6% on a year-over-year basis. equities research analysts anticipate that Orbital ATK Inc will post 6.25 EPS for the current year.

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

Several research firms have commented on OA. ValuEngine lowered shares of Orbital ATK from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Cowen reaffirmed a “hold” rating and issued a $134.50 price target on shares of Orbital ATK in a report on Tuesday, September 19th. Stifel Nicolaus lowered shares of Orbital ATK from a “buy” rating to a “hold” rating and upped their price target for the company from $120.00 to $134.50 in a report on Tuesday, September 19th. Argus lowered shares of Orbital ATK from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, Credit Suisse Group lowered shares of Orbital ATK from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 8th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $123.56.

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

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