Trading Report: Today, Quantitative Investment Management LLC Buys Shares of 12,100 Orbital ATK Inc. (OA)

Today, Quantitative Investment Management LLC Buys Shares of 12,100 Orbital ATK Inc. (OA)

Quantitative Investment Management LLC purchased a new position in Orbital ATK Inc. (NYSE:OA) during the third quarter, Holdings Channel reports. The fund purchased 12,100 shares of the company’s stock, valued at approximately $922,000.

Several other hedge funds and other institutional investors also recently modified their holdings of OA. Bank Hapoalim BM boosted its position in shares of Orbital ATK by 0.3% in the second quarter. Bank Hapoalim BM now owns 5,768 shares of the company’s stock worth $491,000 after buying an additional 15 shares during the last quarter. National Asset Management Inc. boosted its position in shares of Orbital ATK by 1.1% in the second quarter. National Asset Management Inc. now owns 2,474 shares of the company’s stock worth $211,000 after buying an additional 28 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its position in shares of Orbital ATK by 1.2% in the second quarter. Moody Lynn & Lieberson LLC now owns 3,846 shares of the company’s stock worth $327,000 after buying an additional 45 shares during the last quarter. Creative Planning boosted its position in shares of Orbital ATK by 1.7% in the second quarter. Creative Planning now owns 5,421 shares of the company’s stock worth $462,000 after buying an additional 93 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its position in shares of Orbital ATK by 2.2% in the second quarter. NEXT Financial Group Inc now owns 4,715 shares of the company’s stock worth $401,000 after buying an additional 100 shares during the last quarter. Institutional investors own 84.71% of the company’s stock.

Orbital ATK Inc. (NYSE:OA) opened at 87.95 on Friday. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 16.39 and a beta of -0.29. Orbital ATK Inc. has a 1-year low of $67.04 and a 1-year high of $94.92. The company has a 50 day moving average price of $78.09 and a 200-day moving average price of $81.27.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 16th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.36%. Orbital ATK’s payout ratio is 27.15%.

A number of brokerages recently commented on OA. Barclays PLC decreased their price target on Orbital ATK from $108.00 to $97.00 and set an “overweight” rating on the stock in a research report on Thursday, August 11th. 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. Zacks Investment Research raised Orbital ATK from a “sell” rating to a “hold” rating in a research note on Monday, September 19th. Jefferies Group reaffirmed a “buy” rating on shares of Orbital ATK in a research note on Friday, August 5th. Finally, Cowen and Company lowered Orbital ATK from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 10th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $98.16.

About Orbital ATK

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