Capstone Asset Management Co. reduced its position in shares of Orbital ATK Inc. (NYSE:OA) by 5.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,861 shares of the company’s stock after selling 160 shares during the period. Capstone Asset Management Co.’s holdings in Orbital ATK were worth $218,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. Terra Nova Asset Management LLC acquired a new position in shares of Orbital ATK during the third quarter valued at $604,000. Eagle Boston Investment Management Inc. raised its position in shares of Orbital ATK by 0.5% in the third quarter. Eagle Boston Investment Management Inc. now owns 22,373 shares of the company’s stock valued at $1,705,000 after buying an additional 102 shares during the last quarter. Creative Planning raised its position in shares of Orbital ATK by 31.9% in the third quarter. Creative Planning now owns 7,153 shares of the company’s stock valued at $545,000 after buying an additional 1,732 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Orbital ATK by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 20,252 shares of the company’s stock valued at $1,544,000 after buying an additional 404 shares during the last quarter. Finally, Randolph Co Inc acquired a new position in shares of Orbital ATK during the third quarter valued at $5,357,000. Institutional investors and hedge funds own 85.80% of the company’s stock.
Orbital ATK Inc. (NYSE:OA) traded down 0.33% during trading on Wednesday, hitting $72.62. The company had a trading volume of 281,534 shares. The company has a market cap of $4.26 billion, a PE ratio of 13.54 and a beta of -0.19. Orbital ATK Inc. has a 12 month low of $67.04 and a 12 month high of $94.92. The company’s 50 day moving average price is $75.29 and its 200-day moving average price is $83.09.
Orbital ATK (NYSE:OA) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. Orbital ATK had a net margin of 5.94% and a return on equity of 16.55%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.13 billion. Equities analysts expect that Orbital ATK Inc. will post $5.50 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Wednesday, September 7th were issued a $0.30 dividend. The ex-dividend date was Friday, September 2nd. This represents a $1.20 dividend on an annualized basis and a yield of 1.65%. Orbital ATK’s dividend payout ratio is currently 27.15%.
Several analysts have recently issued reports on the company. Zacks Investment Research cut Orbital ATK from a “hold” rating to a “sell” rating in a research note on Monday, September 12th. KeyCorp reduced their price objective on Orbital ATK from $106.00 to $98.00 and set an “overweight” rating on the stock in a research note on Thursday, August 11th. Jefferies Group reiterated a “buy” rating and issued a $100.00 price objective on shares of Orbital ATK in a research note on Friday, August 26th. Argus cut Orbital ATK from a “buy” rating to a “hold” rating and set a $91.75 price objective on the stock. in a research note on Tuesday, August 23rd. Finally, Wells Fargo & Co. upgraded Orbital ATK from a “market perform” rating to an “outperform” rating in a research note on Tuesday, August 23rd. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Orbital ATK has an average rating of “Buy” and a consensus target price of $98.16.
About Orbital ATK