BlackRock Inc. lifted its holdings in Orbital ATK (NYSE:OA) by 3.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,756,682 shares of the aerospace company’s stock after purchasing an additional 188,988 shares during the period. BlackRock Inc. owned 9.95% of Orbital ATK worth $763,392,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of OA. Bank of Montreal Can boosted its holdings in Orbital ATK by 1,121.4% during the fourth quarter. Bank of Montreal Can now owns 36,934 shares of the aerospace company’s stock valued at $4,857,000 after purchasing an additional 33,910 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Orbital ATK by 3.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 239,304 shares of the aerospace company’s stock valued at $31,469,000 after purchasing an additional 8,190 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Orbital ATK in the 4th quarter worth approximately $449,000. Chicago Equity Partners LLC boosted its holdings in shares of Orbital ATK by 29.1% in the 4th quarter. Chicago Equity Partners LLC now owns 14,585 shares of the aerospace company’s stock worth $1,918,000 after acquiring an additional 3,285 shares in the last quarter. Finally, Dupont Capital Management Corp acquired a new position in shares of Orbital ATK in the 4th quarter worth approximately $2,597,000. Institutional investors and hedge funds own 80.90% of the company’s stock.
In other news, VP Thomas E. Mccabe sold 1,540 shares of the stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $131.80, for a total transaction of $202,972.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.20% of the company’s stock.
Orbital ATK (NYSE:OA) last announced its earnings results on Thursday, May 3rd. The aerospace company reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.26. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.15 billion. Orbital ATK had a net margin of 6.89% and a return on equity of 19.90%. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.23 EPS. analysts forecast that Orbital ATK will post 6.73 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 17th. Stockholders of record on Friday, May 11th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.95%. Orbital ATK’s dividend payout ratio is 20.38%.
Several research analysts have recently commented on OA shares. Cowen reissued a “hold” rating on shares of Orbital ATK in a report on Thursday, June 7th. ValuEngine downgraded Orbital ATK from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 2nd. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $129.58.
Orbital ATK Company Profile
Orbital ATK, Inc develops and produces aerospace and defense related products to the U.S. Government, allied nations, prime contractors, and other customers in the United States and internationally. It operates through three segments: Flight Systems Group, Defense Systems Group, and Space Systems Group.
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