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.
About Orbital ATK