Arizona State Retirement System raised its holdings in shares of Orbital ATK Inc (NYSE:OA) by 27.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,521 shares of the aerospace company’s stock after purchasing an additional 8,837 shares during the quarter. Arizona State Retirement System owned 0.07% of Orbital ATK worth $5,460,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in OA. Cerebellum GP LLC bought a new position in Orbital ATK during the fourth quarter valued at $127,000. Front Row Advisors LLC bought a new stake in shares of Orbital ATK in the 4th quarter worth about $132,000. LMR Partners LLP bought a new stake in shares of Orbital ATK in the 3rd quarter worth about $201,000. Cadence Capital Management LLC bought a new stake in shares of Orbital ATK in the 3rd quarter worth about $204,000. Finally, HL Financial Services LLC bought a new stake in shares of Orbital ATK in the 3rd quarter worth about $238,000. Institutional investors and hedge funds own 81.13% of the company’s stock.
OA has been the subject of several analyst reports. Credit Suisse Group lowered shares of Orbital ATK from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 8th. Cowen restated a “hold” rating and issued a $134.50 target price on shares of Orbital ATK in a report on Wednesday, November 22nd. Zacks Investment Research upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a report on Monday, November 27th. TheStreet lowered shares of Orbital ATK from a “b” rating to a “c” rating in a report on Wednesday, December 27th. Finally, ValuEngine upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Orbital ATK presently has a consensus rating of “Hold” and a consensus target price of $123.56.
In related news, Director Harrison H. Schmitt sold 1,500 shares of the firm’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 filing with the SEC, which is accessible through this link. Company insiders own 1.20% of the company’s stock.
Orbital ATK Inc (NYSE:OA) opened at $131.60 on Friday. The company has a market cap of $7,616.05, a PE ratio of 20.88, a P/E/G ratio of 2.18 and a beta of -0.27. Orbital ATK Inc has a 12 month low of $89.73 and a 12 month high of $134.59. The company has a quick ratio of 1.66, a current ratio of 1.87 and a debt-to-equity ratio of 0.66.
Orbital ATK (NYSE:OA) last posted its quarterly earnings results on Thursday, February 22nd. The aerospace company reported $1.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.79 by ($0.02). The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Orbital ATK had a return on equity of 18.50% and a net margin of 6.50%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.26 EPS. analysts forecast that Orbital ATK Inc will post 6.73 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Friday, February 9th. Orbital ATK’s dividend payout ratio is presently 23.88%.
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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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