Oppenheimer & Co. Inc. reduced its stake in Orbital ATK Inc (NYSE:OA) by 13.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,500 shares of the aerospace company’s stock after selling 838 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Orbital ATK were worth $723,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of OA. Magnetar Financial LLC grew its holdings in 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 buying an additional 822,652 shares in the last quarter. Alpine Associates Management Inc. purchased a new stake in Orbital ATK in the 3rd quarter valued at $83,861,000. Gamco Investors INC. ET AL grew its holdings in Orbital ATK by 213.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 421,430 shares of the aerospace company’s stock valued at $55,418,000 after buying an additional 286,900 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Orbital ATK by 96.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 533,733 shares of the aerospace company’s stock valued at $70,880,000 after buying an additional 262,372 shares in the last quarter. Finally, Prudential Financial Inc. grew its holdings in Orbital ATK by 231.8% in the 3rd quarter. Prudential Financial Inc. now owns 366,425 shares of the aerospace company’s stock valued at $48,793,000 after buying an additional 256,003 shares in the last quarter. Institutional investors own 81.13% of the company’s stock.
In related news, Director Harrison H. Schmitt sold 1,500 shares of the stock in a transaction dated 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 document filed with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.
Orbital ATK Inc (NYSE:OA) opened at $131.82 on Wednesday. Orbital ATK Inc has a 12 month low of $89.18 and a 12 month high of $134.59. The company has a market capitalization of $7,600.00, a price-to-earnings ratio of 24.41, a PEG ratio of 2.18 and a beta of 0.39. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, February 9th. Orbital ATK’s dividend payout ratio (DPR) is presently 23.70%.
Several analysts have issued reports on the company. ValuEngine upgraded Orbital ATK from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. FIG Partners raised Orbital ATK to a “market perform” rating in a research note on Wednesday, January 24th. Zacks Investment Research raised Orbital ATK from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a research note on Tuesday, January 16th. TheStreet lowered Orbital ATK from a “b” rating to a “c” rating in a research note on Wednesday, December 27th. Finally, Cowen reaffirmed a “hold” rating and issued a $134.50 price target on shares of Orbital ATK in a research note on Wednesday, November 22nd. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Orbital ATK currently has an average rating of “Hold” and an average price target of $123.56.
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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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