Orbital ATK, Inc. (OA) Stake Decreased by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. cut its position in shares of Orbital ATK, Inc. (NYSE:OA) by 39.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,112 shares of the aerospace company’s stock after selling 2,050 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Orbital ATK were worth $414,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of OA. LMR Partners LLP acquired a new stake in shares of Orbital ATK during the third quarter worth $201,000. Cadence Capital Management LLC acquired a new stake in Orbital ATK in the third quarter worth $204,000. ETF Managers Group LLC acquired a new stake in Orbital ATK in the second quarter worth $228,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Orbital ATK by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,394 shares of the aerospace company’s stock worth $235,000 after purchasing an additional 187 shares during the period. Finally, HL Financial Services LLC acquired a new stake in Orbital ATK in the third quarter worth $238,000. Institutional investors own 85.80% of the company’s stock.

Orbital ATK, Inc. (NYSE:OA) traded up $0.49 on Tuesday, hitting $132.77. 540,400 shares of the company were exchanged, compared to its average volume of 432,860. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 1.66. Orbital ATK, Inc. has a one year low of $82.44 and a one year high of $134.59. The company has a market capitalization of $7,630.70, a price-to-earnings ratio of 22.81, a P/E/G ratio of 2.36 and a beta of -0.24.

Orbital ATK (NYSE:OA) last announced its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.56 by $0.19. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.15 billion. Orbital ATK had a net margin of 6.62% and a return on equity of 17.32%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.15 earnings per share. analysts predict that Orbital ATK, Inc. will post 6.23 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 16th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, November 15th. Orbital ATK’s dividend payout ratio (DPR) is currently 23.79%.

A number of equities research analysts have commented on OA shares. TheStreet upgraded shares of Orbital ATK from a “c” rating to a “b” rating in a report on Monday, August 28th. ValuEngine upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Stifel Nicolaus restated a “buy” rating on shares of Orbital ATK in a report on Thursday, September 21st. Argus upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and raised their price target for the stock from $106.58 to $120.00 in a report on Monday, August 14th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a report on Tuesday, October 3rd. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $122.06.

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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.

Institutional Ownership by Quarter for Orbital ATK (NYSE:OA)

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