Tokio Marine Asset Management Co. Ltd. bought a new position in Orbital ATK Inc (NYSE:OA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 46,900 shares of the aerospace company’s stock, valued at approximately $6,167,000. Tokio Marine Asset Management Co. Ltd. owned about 0.08% of Orbital ATK at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Crossmark Global Holdings Inc. increased its holdings in Orbital ATK by 23.0% in the 4th quarter. Crossmark Global Holdings Inc. now owns 4,539 shares of the aerospace company’s stock worth $597,000 after acquiring an additional 848 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of Orbital ATK by 1,027.4% during the fourth quarter. Meeder Asset Management Inc. now owns 1,849 shares of the aerospace company’s stock worth $244,000 after purchasing an additional 1,685 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of Orbital ATK by 213.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 421,430 shares of the aerospace company’s stock worth $55,418,000 after purchasing an additional 286,900 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in shares of Orbital ATK by 94.9% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 126,408 shares of the aerospace company’s stock worth $16,623,000 after purchasing an additional 61,549 shares in the last quarter. Finally, Gabelli Funds LLC grew its position in shares of Orbital ATK by 30.0% during the fourth quarter. Gabelli Funds LLC now owns 209,556 shares of the aerospace company’s stock worth $27,557,000 after purchasing an additional 48,300 shares in the last quarter. 81.09% of the stock is owned by hedge funds and other institutional investors.
In other Orbital ATK news, Director Harrison H. Schmitt sold 1,500 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $131.60, for a total transaction of $197,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.
Several research firms recently issued reports on OA. Zacks Investment Research upgraded Orbital ATK from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a research report on Tuesday, January 16th. FIG Partners raised Orbital ATK to a “market perform” rating in a research note on Wednesday, January 24th. Credit Suisse Group lowered Orbital ATK from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 8th. ValuEngine raised Orbital ATK from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, TheStreet lowered Orbital ATK from a “b” rating to a “c” rating in a research note on Wednesday, December 27th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $123.56.
Shares of Orbital ATK Inc (NYSE OA) traded up $0.12 during mid-day trading on Wednesday, hitting $131.52. The company had a trading volume of 121,748 shares, compared to its average volume of 459,715. The company has a market cap of $7,583.98, a price-to-earnings ratio of 22.67, a P/E/G ratio of 2.17 and a beta of -0.27. Orbital ATK Inc has a 52-week low of $87.71 and a 52-week 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 also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $1.28 annualized dividend and a yield of 0.97%. Orbital ATK’s payout ratio is currently 23.79%.
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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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