Shelton Capital Management purchased a new position in shares of Orbital ATK, Inc. (NYSE:OA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,394 shares of the aerospace company’s stock, valued at approximately $432,000.
A number of other institutional investors and hedge funds have also made changes to their positions in OA. UBS Asset Management Americas Inc. lifted its stake in Orbital ATK by 17.3% during the first quarter. UBS Asset Management Americas Inc. now owns 22,185 shares of the aerospace company’s stock worth $2,174,000 after purchasing an additional 3,280 shares during the period. Parametric Portfolio Associates LLC lifted its stake in Orbital ATK by 13.3% during the first quarter. Parametric Portfolio Associates LLC now owns 41,709 shares of the aerospace company’s stock worth $4,087,000 after purchasing an additional 4,910 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in Orbital ATK by 2.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,613 shares of the aerospace company’s stock worth $256,000 after purchasing an additional 67 shares during the period. JPMorgan Chase & Co. lifted its stake in Orbital ATK by 37.1% during the first quarter. JPMorgan Chase & Co. now owns 230,981 shares of the aerospace company’s stock worth $22,636,000 after purchasing an additional 62,455 shares during the period. Finally, SG Americas Securities LLC lifted its stake in Orbital ATK by 3.3% during the first quarter. SG Americas Securities LLC now owns 9,934 shares of the aerospace company’s stock worth $974,000 after purchasing an additional 317 shares during the period. Hedge funds and other institutional investors own 85.41% of the company’s stock.
A number of research analysts have commented on OA shares. Zacks Investment Research upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $122.00 target price (up previously from $115.00) on shares of Orbital ATK in a research note on Friday, August 4th. Stifel Nicolaus reiterated a “buy” rating on shares of Orbital ATK in a research note on Friday, August 4th. TheStreet upgraded shares of Orbital ATK from a “c” rating to a “b” rating in a research note on Monday, August 28th. Finally, BidaskClub upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $122.28.
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In other Orbital ATK news, VP Thomas E. Mccabe sold 400 shares of the business’s 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frank L. Jr. Culbertson sold 2,002 shares of the business’s 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. Over the last quarter, insiders have sold 3,002 shares of company stock valued at $316,492. Corporate insiders own 1.20% of the company’s stock.
Orbital ATK, Inc. (OA) opened at 133.58 on Wednesday. The company has a market cap of $7.70 billion, a PE ratio of 27.81 and a beta of -0.30. The company has a 50-day moving average of $120.50 and a 200 day moving average of $105.46. Orbital ATK, Inc. has a 52-week low of $71.52 and a 52-week high of $134.59.
Orbital ATK (NYSE:OA) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. Orbital ATK had a net margin of 6.11% and a return on equity of 15.62%. Orbital ATK’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.35 earnings per share. Equities research analysts predict that Orbital ATK, Inc. will post $6.18 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 21st. Stockholders of record on Wednesday, September 6th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.28 annualized dividend and a dividend yield of 0.96%.
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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