Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Orbital ATK, Inc. (NYSE:OA) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,423 shares of the aerospace company’s stock after buying an additional 17 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Orbital ATK were worth $828,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of OA. BlackRock Inc. raised its position in shares of Orbital ATK by 17,832.1% in the first quarter. BlackRock Inc. now owns 5,090,376 shares of the aerospace company’s stock valued at $498,857,000 after buying an additional 5,061,989 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of Orbital ATK by 48.3% in the first quarter. Clearbridge Investments LLC now owns 1,091,495 shares of the aerospace company’s stock valued at $106,967,000 after buying an additional 355,311 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Orbital ATK by 5.0% in the first quarter. Vanguard Group Inc. now owns 4,752,439 shares of the aerospace company’s stock valued at $465,739,000 after buying an additional 227,516 shares during the last quarter. Morgan Stanley raised its position in shares of Orbital ATK by 53.7% in the first quarter. Morgan Stanley now owns 419,685 shares of the aerospace company’s stock valued at $41,130,000 after buying an additional 146,645 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its position in shares of Orbital ATK by 42.6% in the first quarter. Thrivent Financial For Lutherans now owns 390,100 shares of the aerospace company’s stock valued at $38,229,000 after buying an additional 116,610 shares during the last quarter. 85.40% of the stock is owned by institutional investors and hedge funds.
Shares of Orbital ATK, Inc. (NYSE OA) opened at 108.41 on Friday. The stock has a market capitalization of $6.25 billion, a P/E ratio of 22.57 and a beta of -0.34. The company has a 50-day moving average of $106.88 and a 200-day moving average of $100.97. Orbital ATK, Inc. has a 12-month low of $71.52 and a 12-month high of $112.03.
Orbital ATK (NYSE:OA) last posted its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. Orbital ATK had a net margin of 6.11% and a return on equity of 15.62%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.35 earnings per share. Equities analysts expect that Orbital ATK, Inc. will post $6.17 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Wednesday, September 6th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, September 1st.
In other news, insider Frank L. Jr. Culbertson sold 2,002 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $105.89, for a total value of $211,991.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas E. Mccabe sold 400 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $101.60, for a total transaction of $40,640.00. The disclosure for this sale can be found here. Insiders sold 2,802 shares of company stock valued at $294,814 over the last three months. 1.20% of the stock is owned by insiders.
A number of equities analysts have recently weighed in on OA shares. Zacks Investment Research raised shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating and issued a $122.00 price objective (up previously from $115.00) on shares of Orbital ATK in a research report on Friday, August 4th. ValuEngine raised shares of Orbital ATK from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. TheStreet raised shares of Orbital ATK from a “c” rating to a “b” rating in a research report on Monday, August 28th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $106.00 price objective on shares of Orbital ATK in a research report on Monday, June 5th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $108.56.
Orbital ATK Company 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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