Hancock Holding Co. lowered its stake in Orbital ATK Inc (NYSE:OA) by 47.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,528 shares of the aerospace company’s stock after selling 20,014 shares during the period. Hancock Holding Co.’s holdings in Orbital ATK were worth $2,208,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. First Interstate Bank boosted its stake in Orbital ATK by 8.8% in the fourth quarter. First Interstate Bank now owns 1,972 shares of the aerospace company’s stock valued at $173,000 after buying an additional 160 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 valued at $216,000 after buying an additional 413 shares during the period. ARK Investment Management LLC bought a new stake in Orbital ATK during the fourth quarter valued at approximately $227,000. United Capital Financial Advisers LLC bought a new stake in Orbital ATK during the fourth quarter valued at approximately $227,000. Finally, Soros Fund Management LLC bought a new stake in Orbital ATK during the fourth quarter valued at approximately $228,000. Institutional investors and hedge funds own 89.97% of the company’s stock.
Orbital ATK Inc (NYSE:OA) traded up 0.94% on Friday, reaching $97.25. The company’s stock had a trading volume of 180,705 shares. The firm has a market capitalization of $5.61 billion, a P/E ratio of 20.05 and a beta of -0.25. The firm has a 50-day moving average price of $97.79 and a 200 day moving average price of $91.22. Orbital ATK Inc has a 52-week low of $67.04 and a 52-week high of $102.71.
Orbital ATK (NYSE:OA) last announced its quarterly earnings results on Thursday, May 11th. The aerospace company reported $1.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.37 by $0.14. Orbital ATK had a return on equity of 16.55% and a net margin of 5.94%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm posted $1.44 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. Equities analysts anticipate that Orbital ATK Inc will post $6.04 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Wednesday, June 7th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, June 5th. This represents a $1.28 dividend on an annualized basis and a yield of 1.33%. Orbital ATK’s dividend payout ratio (DPR) is presently 27.15%.
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Several equities research analysts have recently commented on the company. Cowen and Company restated a “buy” rating on shares of Orbital ATK in a research note on Thursday, May 11th. Zacks Investment Research cut Orbital ATK from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. SunTrust Banks, Inc. assumed coverage on Orbital ATK in a research note on Thursday, January 19th. They set a “buy” rating and a $106.00 price target for the company. Stifel Nicolaus cut their price target on Orbital ATK from $120.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, March 9th. Finally, Barclays PLC restated an “overweight” rating and set a $105.00 price target (up previously from $97.00) on shares of Orbital ATK in a research note on Saturday, March 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. Orbital ATK currently has an average rating of “Buy” and an average price target of $102.97.
In other news, VP Thomas E. Mccabe sold 1,922 shares of the business’s stock in a transaction on Friday, April 28th. The stock was sold at an average price of $99.00, for a total value of $190,278.00. Following the sale, the vice president now owns 5,539 shares of the company’s stock, valued at approximately $548,361. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harrison H. Schmitt sold 1,000 shares of the business’s stock in a transaction on Friday, April 28th. The stock was sold at an average price of $99.01, for a total value of $99,010.00. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
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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