Mckinley Capital Management LLC Delaware Lowers Stake in Orbital ATK Inc (OA)

Mckinley Capital Management LLC Delaware cut its position in Orbital ATK Inc (NYSE:OA) by 17.5% during the first quarter, Holdings Channel reports. The institutional investor owned 85,169 shares of the aerospace company’s stock after selling 18,103 shares during the period. Mckinley Capital Management LLC Delaware’s holdings in Orbital ATK were worth $8,347,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. United Services Automobile Association acquired a new stake in shares of Orbital ATK during the third quarter worth $4,345,000. HighTower Advisors LLC raised its stake in shares of Orbital ATK by 178.3% in the third quarter. HighTower Advisors LLC now owns 6,626 shares of the aerospace company’s stock worth $510,000 after buying an additional 4,245 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Orbital ATK during the third quarter worth $8,829,000. Anchor Capital Advisors LLC raised its stake in shares of Orbital ATK by 27.3% in the third quarter. Anchor Capital Advisors LLC now owns 363,870 shares of the aerospace company’s stock worth $27,738,000 after buying an additional 78,121 shares during the last quarter. Finally, Stephens Inc. AR raised its stake in shares of Orbital ATK by 190.7% in the third quarter. Stephens Inc. AR now owns 2,951 shares of the aerospace company’s stock worth $225,000 after buying an additional 1,936 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

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

Shares of Orbital ATK Inc (NYSE:OA) traded up 0.94% during midday trading on Friday, reaching $97.25. The company had a trading volume of 180,705 shares. The company’s 50 day moving average price is $97.74 and its 200 day moving average price is $91.38. The stock has a market capitalization of $5.61 billion, a PE ratio of 20.05 and a beta of -0.25. Orbital ATK Inc has a 52-week low of $67.04 and a 52-week high of $102.71.

Orbital ATK (NYSE:OA) last released its quarterly earnings results on Thursday, May 11th. The aerospace company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.37 by $0.14. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. Orbital ATK had a return on equity of 16.55% and a net margin of 5.94%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.44 EPS. Equities research analysts expect that Orbital ATK Inc will post $6.04 earnings per share for the current year.

The company 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. This represents a $1.28 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Monday, June 5th. Orbital ATK’s dividend payout ratio (DPR) is 27.15%.

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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Orbital ATK from a “buy” rating to a “hold” rating in a research note on Thursday, March 16th. Jefferies Group LLC restated a “buy” rating and set a $115.00 price target (up previously from $100.00) on shares of Orbital ATK in a research note on Saturday, March 11th. 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. Cowen and Company restated a “buy” rating on shares of Orbital ATK in a research note on Thursday, May 11th. Finally, Stifel Nicolaus dropped their price target on Orbital ATK from $120.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, March 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $102.97.

In other Orbital ATK news, VP Thomas E. Mccabe sold 1,922 shares of Orbital ATK stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $99.00, for a total transaction of $190,278.00. Following the transaction, the vice president now owns 5,539 shares of the company’s stock, valued at $548,361. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Harrison H. Schmitt sold 1,000 shares of Orbital ATK stock in a transaction that occurred 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.

12 Month Chart for NYSE:OA

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