ING Groep NV Increases Position in Orbital ATK Inc (OA)

ING Groep NV increased its holdings in Orbital ATK Inc (NYSE:OA) by 23.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,704 shares of the aerospace company’s stock after purchasing an additional 1,649 shares during the period. ING Groep NV’s holdings in Orbital ATK were worth $1,145,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in OA. First Eagle Investment Management LLC increased its position in Orbital ATK by 0.9% during the third quarter. First Eagle Investment Management LLC now owns 4,652,101 shares of the aerospace company’s stock valued at $619,474,000 after acquiring an additional 42,211 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Orbital ATK by 1.5% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,174,961 shares of the aerospace company’s stock valued at $289,617,000 after acquiring an additional 32,351 shares during the last quarter. State Street Corp increased its position in Orbital ATK by 3.1% during the second quarter. State Street Corp now owns 1,705,419 shares of the aerospace company’s stock valued at $167,746,000 after acquiring an additional 51,590 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Orbital ATK by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 835,363 shares of the aerospace company’s stock valued at $111,237,000 after acquiring an additional 5,201 shares during the last quarter. Finally, Magnetar Financial LLC increased its position in Orbital ATK by 33,729.1% during the third 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 last quarter. Institutional investors own 81.09% of the company’s stock.

Orbital ATK Inc (NYSE:OA) opened at $131.47 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 1.87 and a debt-to-equity ratio of 0.66. The company has a market cap of $7,559.17, a PE ratio of 22.59, a PEG ratio of 2.16 and a beta of -0.27. Orbital ATK Inc has a 1-year low of $87.71 and a 1-year high of $134.59.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, February 9th. Orbital ATK’s payout ratio is presently 23.79%.

OA has been the topic of a number of analyst reports. TheStreet cut shares of Orbital ATK from a “b” rating to a “c” rating in a research report on Wednesday, December 27th. Zacks Investment Research cut shares of Orbital ATK from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. ValuEngine upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. FIG Partners upgraded shares of Orbital ATK to a “market perform” rating in a research report on Wednesday, January 24th. Finally, Cowen restated a “hold” rating and issued a $134.50 price target on shares of Orbital ATK in a report on Wednesday, November 22nd. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $123.56.

In other news, Director Harrison H. Schmitt sold 1,500 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $131.60, for a total value of $197,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

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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.

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

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