Northwestern Mutual Investment Management Company LLC lowered its position in shares of Orbital ATK Inc (NYSE:OA) by 1.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,917 shares of the aerospace company’s stock after selling 175 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Orbital ATK were worth $972,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in OA. First Interstate Bank raised its stake in shares of Orbital ATK by 8.8% in the fourth quarter. First Interstate Bank now owns 1,972 shares of the aerospace company’s stock worth $173,000 after buying an additional 160 shares during the period. WFG Advisors LP raised its stake in Orbital ATK by 210.8% in the fourth quarter. WFG Advisors LP now owns 4,743 shares of the aerospace company’s stock valued at $195,000 after buying an additional 3,217 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised 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 last quarter. Stephens Inc. AR raised its stake in Orbital ATK by 190.7% in the third quarter. Stephens Inc. AR now owns 2,951 shares of the aerospace company’s stock valued at $225,000 after buying an additional 1,936 shares during the last quarter. Finally, ARK Investment Management LLC acquired a new stake in Orbital ATK during the fourth quarter valued at approximately $227,000. 89.97% of the stock is currently owned by hedge funds and other institutional investors.
Orbital ATK Inc (NYSE:OA) traded up 0.94% during midday trading on Friday, hitting $97.25. 180,705 shares of the stock traded hands. The company’s 50 day moving average is $97.79 and its 200-day moving average is $91.22. Orbital ATK Inc has a one year low of $67.04 and a one year high of $102.71. The company has a market cap of $5.61 billion, a P/E ratio of 20.05 and a beta of -0.25.
Orbital ATK (NYSE:OA) last issued its earnings results on Thursday, May 11th. The aerospace company reported $1.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by $0.14. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Orbital ATK had a net margin of 5.94% and a return on equity of 16.55%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.44 EPS. On average, equities research analysts forecast that Orbital ATK Inc will post $6.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Wednesday, June 7th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Monday, June 5th. Orbital ATK’s payout ratio is 27.15%.
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Several equities research analysts have commented on OA shares. SunTrust Banks, Inc. started coverage on shares of Orbital ATK in a report on Thursday, January 19th. They issued a “buy” rating and a $106.00 price target on the stock. Cowen and Company reaffirmed a “buy” rating on shares of Orbital ATK in a report on Thursday, May 11th. Zacks Investment Research raised shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a report on Friday, March 10th. Stifel Nicolaus lowered their price target on shares of Orbital ATK from $120.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, March 9th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $115.00 price target (up from $100.00) on shares of Orbital ATK in a report on Saturday, March 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. Orbital ATK has an average rating of “Buy” and an average target price of $102.97.
In other news, VP Thomas E. Mccabe sold 1,922 shares of Orbital ATK stock in a transaction dated Friday, April 28th. The shares were 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 $548,361. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Harrison H. Schmitt sold 1,000 shares of Orbital ATK stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $99.01, for a total transaction of $99,010.00. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.
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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