UBS Asset Management Americas Inc. raised its position in Orbital ATK Inc (NYSE:OA) by 8.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,753 shares of the aerospace company’s stock after purchasing an additional 2,024 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Orbital ATK were worth $3,387,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in OA. Pentwater Capital Management LP increased its stake in shares of Orbital ATK by 320.7% in the fourth quarter. Pentwater Capital Management LP now owns 1,480,000 shares of the aerospace company’s stock valued at $194,620,000 after purchasing an additional 1,128,200 shares during the period. Magnetar Financial LLC increased its stake in shares of Orbital ATK by 33,729.1% in the third quarter. Magnetar Financial LLC now owns 825,091 shares of the aerospace company’s stock valued at $109,869,000 after purchasing an additional 822,652 shares during the period. Alpine Associates Management Inc. acquired a new stake in shares of Orbital ATK in the third quarter valued at approximately $83,861,000. Gamco Investors INC. ET AL increased its stake in shares of Orbital ATK by 213.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 421,430 shares of the aerospace company’s stock valued at $55,418,000 after purchasing an additional 286,900 shares during the period. Finally, Nuance Investments LLC acquired a new stake in shares of Orbital ATK in the fourth quarter valued at approximately $36,658,000. Institutional investors own 80.63% of the company’s stock.
In related news, Director Harrison H. Schmitt sold 1,500 shares of the firm’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas E. Mccabe sold 248 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $132.49, for a total transaction of $32,857.52. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Shares of Orbital ATK Inc (OA) opened at $132.01 on Thursday. The firm has a market cap of $7,636.28, a P/E ratio of 20.94, a P/E/G ratio of 2.18 and a beta of -0.24. Orbital ATK Inc has a 1-year low of $93.50 and a 1-year high of $134.59. The company has a current ratio of 1.74, a quick ratio of 1.59 and a debt-to-equity ratio of 0.67.
Orbital ATK (NYSE:OA) last issued its earnings results on Thursday, February 22nd. The aerospace company reported $1.77 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.79 by ($0.02). The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.26 billion. Orbital ATK had a return on equity of 18.32% 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 quarter in the previous year, the business posted $1.26 earnings per share. equities research analysts predict that Orbital ATK Inc will post 6.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Monday, February 12th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Friday, February 9th. Orbital ATK’s payout ratio is 23.88%.
OA has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $148.00 price objective on the stock in a research note on Wednesday, January 10th. FIG Partners upgraded shares of Orbital ATK to a “market perform” rating in a research note on Wednesday, January 24th. Cowen reiterated a “hold” rating and set a $134.50 price objective on shares of Orbital ATK in a research note on Wednesday, November 22nd. ValuEngine upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, TheStreet lowered shares of 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 three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $126.21.
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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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