Schwab Charles Investment Management Inc. raised its holdings in Orbital ATK (NYSE:OA) by 4.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 249,844 shares of the aerospace company’s stock after purchasing an additional 10,540 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.43% of Orbital ATK worth $33,132,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of OA. Itau Unibanco Holding S.A. purchased a new stake in shares of Orbital ATK during the 4th quarter worth about $102,000. Bray Capital Advisors purchased a new stake in shares of Orbital ATK during the 1st quarter worth about $105,000. Cerebellum GP LLC purchased a new stake in shares of Orbital ATK during the 4th quarter worth about $127,000. Front Row Advisors LLC purchased a new stake in shares of Orbital ATK during the 4th quarter worth about $132,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Orbital ATK during the 4th quarter worth about $160,000. 81.00% of the stock is currently owned by institutional investors.
In related news, VP Thomas E. Mccabe sold 1,540 shares of the company’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $131.80, for a total transaction of $202,972.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by corporate insiders.
Orbital ATK opened at $133.69 on Friday, according to Marketbeat.com. Orbital ATK has a twelve month low of $95.84 and a twelve month high of $134.59. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.68 and a quick ratio of 1.49. The stock has a market cap of $7.73 billion, a P/E ratio of 19.55, a P/E/G ratio of 2.21 and a beta of -0.27.
Orbital ATK (NYSE:OA) last released its quarterly earnings results on Thursday, May 3rd. The aerospace company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.26. Orbital ATK had a net margin of 6.89% and a return on equity of 19.90%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. sell-side analysts expect that Orbital ATK will post 6.73 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 17th. Investors of record on Friday, May 11th were given a dividend of $0.32 per share. The ex-dividend date was Thursday, May 10th. This represents a $1.28 annualized dividend and a dividend yield of 0.96%. Orbital ATK’s dividend payout ratio (DPR) is presently 20.38%.
Separately, ValuEngine raised shares of Orbital ATK from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd. Ten investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $126.21.
Orbital ATK Company Profile
Orbital ATK, Inc develops and produces aerospace and defense related products to the U.S. Government, allied nations, prime contractors, and other customers in the United States and internationally. It operates through three segments: Flight Systems Group, Defense Systems Group, and Space Systems Group.
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