Trade Report: The First Trust Advisors LP Takes Position in Orbital ATK Inc (OA)

The First Trust Advisors LP Takes Position in Orbital ATK Inc (OA)

First Trust Advisors LP purchased a new position in shares of Orbital ATK Inc (NYSE:OA) during the second quarter, Holdings Channel reports. The institutional investor purchased 5,133 shares of the company’s stock, valued at approximately $437,000.

A number of other institutional investors also recently added to or reduced their stakes in OA. TIAA CREF Investment Management LLC boosted its position in Orbital ATK by 53.7% in the first quarter. TIAA CREF Investment Management LLC now owns 414,502 shares of the company’s stock valued at $36,037,000 after buying an additional 144,733 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Orbital ATK by 69.4% in the first quarter. JPMorgan Chase & Co. now owns 166,265 shares of the company’s stock valued at $14,455,000 after buying an additional 68,098 shares in the last quarter. M&T Bank Corp boosted its position in Orbital ATK by 5.1% in the first quarter. M&T Bank Corp now owns 18,226 shares of the company’s stock valued at $1,585,000 after buying an additional 885 shares in the last quarter. NWQ Investment Management Company LLC boosted its position in Orbital ATK by 1.6% in the first quarter. NWQ Investment Management Company LLC now owns 430,191 shares of the company’s stock valued at $37,401,000 after buying an additional 6,774 shares in the last quarter. Finally, Credit Agricole S A boosted its position in Orbital ATK by 886.0% in the first quarter. Credit Agricole S A now owns 106,800 shares of the company’s stock valued at $9,286,000 after buying an additional 95,968 shares in the last quarter. Institutional investors and hedge funds own 85.80% of the company’s stock.

Orbital ATK Inc (NYSE:OA) traded down 0.66% on Thursday, hitting $72.14. 142,391 shares of the stock were exchanged. The firm has a market cap of $4.23 billion, a P/E ratio of 13.45 and a beta of -0.19. The company has a 50-day moving average of $75.19 and a 200 day moving average of $83.02. Orbital ATK Inc has a 12 month low of $67.04 and a 12 month high of $94.92.

Orbital ATK (NYSE:OA) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.03. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.13 billion. Orbital ATK had a net margin of 5.94% and a return on equity of 16.55%. Equities research analysts expect that Orbital ATK Inc will post $5.50 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Wednesday, September 7th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $1.20 annualized dividend and a dividend yield of 1.65%. Orbital ATK’s payout ratio is 27.15%.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Orbital ATK from a “sell” rating to a “hold” rating in a research report on Monday, September 19th. Deutsche Bank AG initiated coverage on shares of Orbital ATK in a research report on Thursday, September 1st. They set a “buy” rating and a $100.00 target price on the stock. Jefferies Group reaffirmed a “buy” rating and issued a $100.00 price target on shares of Orbital ATK in a report on Friday, August 26th. Argus cut shares of Orbital ATK from a “buy” rating to a “hold” rating and set a $91.75 price target on the stock. in a report on Tuesday, August 23rd. Finally, Wells Fargo & Co. raised shares of Orbital ATK from a “market perform” rating to an “outperform” rating in a report on Tuesday, August 23rd. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $98.16.

Orbital ATK Company Profile

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