The Bank of Montreal Can Acquires New Position in Orbital ATK Inc. (OA)

The Bank of Montreal Can Acquires New Position in Orbital ATK Inc. (OA)

Bank of Montreal Can acquired a new stake in shares of Orbital ATK Inc. (NYSE:OA) during the second quarter, Holdings Channel reports. The institutional investor acquired 49,044 shares of the company’s stock, valued at approximately $4,175,000.

Other institutional investors have also recently modified their holdings of the company. LS Investment Advisors LLC purchased a new position in shares of Orbital ATK during the second quarter valued at approximately $122,000. Seven Eight Capital LLC increased its position in Orbital ATK by 1,122.4% in the first quarter. Seven Eight Capital LLC now owns 2,396 shares of the company’s stock worth $208,000 after buying an additional 2,200 shares during the last quarter. Capstone Asset Management Co. increased its position in Orbital ATK by 8.6% in the second quarter. Capstone Asset Management Co. now owns 3,021 shares of the company’s stock worth $257,000 after buying an additional 240 shares during the last quarter. Clark Capital Management Group Inc. increased its position in Orbital ATK by 1.3% in the first quarter. Clark Capital Management Group Inc. now owns 3,274 shares of the company’s stock worth $285,000 after buying an additional 41 shares during the last quarter. Finally, Invictus RG bought a new position in Orbital ATK during the first quarter worth about $294,000. 85.80% of the stock is owned by hedge funds and other institutional investors.

Orbital ATK Inc. (NYSE:OA) traded up 0.84% during midday trading on Friday, hitting $73.53. 367,390 shares of the stock were exchanged. The firm’s 50 day moving average price is $75.05 and its 200 day moving average price is $82.86. Orbital ATK Inc. has a 12 month low of $67.04 and a 12 month high of $94.92. The company has a market cap of $4.31 billion, a PE ratio of 13.71 and a beta of -0.19.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Wednesday, September 7th were given a $0.30 dividend. The ex-dividend date was Friday, September 2nd. This represents a $1.20 annualized dividend and a yield of 1.63%. Orbital ATK’s dividend payout ratio (DPR) is 27.15%.

A number of equities analysts recently issued reports on OA shares. Jefferies Group reissued a “buy” rating on shares of Orbital ATK in a research note on Friday, August 5th. Zacks Investment Research downgraded shares of Orbital ATK from a “hold” rating to a “sell” rating in a research note on Monday, September 12th. Argus downgraded shares of Orbital ATK from a “buy” rating to a “hold” rating and set a $91.75 price target for the company. in a research note on Tuesday, August 23rd. Wells Fargo & Co. raised shares of Orbital ATK from a “market perform” rating to an “outperform” rating in a research note on Tuesday, August 23rd. Finally, Deutsche Bank AG started coverage on shares of Orbital ATK in a research note on Thursday, September 1st. They issued a “buy” rating and a $100.00 price target for the company. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Orbital ATK currently has an average rating of “Buy” and an average target price of $98.16.

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