JPMorgan Chase & Co. grew its position in Orbital ATK, Inc. (NYSE:OA) by 17.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 271,361 shares of the aerospace company’s stock after purchasing an additional 40,380 shares during the period. JPMorgan Chase & Co. owned about 0.47% of Orbital ATK worth $26,691,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gilder Gagnon Howe & Co. LLC raised its holdings in Orbital ATK by 3.5% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,037 shares of the aerospace company’s stock worth $102,000 after purchasing an additional 35 shares during the period. CENTRAL TRUST Co raised its holdings in Orbital ATK by 9.6% in the second quarter. CENTRAL TRUST Co now owns 1,143 shares of the aerospace company’s stock worth $112,000 after purchasing an additional 100 shares during the period. Stephens Inc. AR raised its holdings in Orbital ATK by 6.1% in the first quarter. Stephens Inc. AR now owns 1,253 shares of the aerospace company’s stock worth $123,000 after purchasing an additional 72 shares during the period. Meeder Asset Management Inc. acquired a new stake in Orbital ATK in the second quarter worth $128,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Orbital ATK by 23.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,207 shares of the aerospace company’s stock worth $216,000 after purchasing an additional 413 shares during the period. Institutional investors own 85.39% of the company’s stock.
In related news, VP Thomas E. Mccabe sold 400 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $101.60, for a total transaction of $40,640.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Frank L. Jr. Culbertson sold 2,002 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $105.89, for a total transaction of $211,991.78. The disclosure for this sale can be found here. Insiders have sold a total of 2,802 shares of company stock worth $294,814 in the last quarter. 1.20% of the stock is owned by corporate insiders.
OA has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $122.00 target price (up from $115.00) on shares of Orbital ATK in a report on Friday, August 4th. ValuEngine upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a report on Friday, September 1st. TheStreet upgraded shares of Orbital ATK from a “c” rating to a “b” rating in a report on Monday, August 28th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $106.00 target price on shares of Orbital ATK in a report on Monday, June 5th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $108.56.
Shares of Orbital ATK, Inc. (OA) opened at 132.25 on Tuesday. The company’s 50 day moving average is $107.96 and its 200-day moving average is $101.47. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 27.53 and a beta of -0.34. Orbital ATK, Inc. has a one year low of $71.52 and a one year high of $133.39.
Orbital ATK (NYSE:OA) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.56 EPS for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.11. Orbital ATK had a net margin of 6.11% and a return on equity of 15.62%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the firm posted $1.35 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Equities analysts expect that Orbital ATK, Inc. will post $6.17 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Wednesday, September 6th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%.
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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