Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Orbital ATK, Inc. (NYSE:OA) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,110 shares of the aerospace company’s stock after purchasing an additional 193 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Orbital ATK were worth $861,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. BlackRock Inc. boosted its stake in Orbital ATK by 17,832.1% during the 1st quarter. BlackRock Inc. now owns 5,090,376 shares of the aerospace company’s stock valued at $498,857,000 after purchasing an additional 5,061,989 shares during the period. Pacer Advisors Inc. boosted its stake in Orbital ATK by 16.4% during the 2nd quarter. Pacer Advisors Inc. now owns 8,832 shares of the aerospace company’s stock valued at $869,000 after purchasing an additional 1,245 shares during the period. Rovida Advisors Inc. boosted its stake in Orbital ATK by 79.1% during the 2nd quarter. Rovida Advisors Inc. now owns 235,034 shares of the aerospace company’s stock valued at $23,118,000 after purchasing an additional 103,800 shares during the period. Keybank National Association OH boosted its stake in Orbital ATK by 71.2% during the 2nd quarter. Keybank National Association OH now owns 14,734 shares of the aerospace company’s stock valued at $1,449,000 after purchasing an additional 6,129 shares during the period. Finally, Airain ltd bought a new stake in Orbital ATK during the 1st quarter valued at approximately $1,176,000. Hedge funds and other institutional investors own 85.39% of the company’s stock.
Orbital ATK, Inc. (NYSE:OA) opened at 132.64 on Friday. Orbital ATK, Inc. has a one year low of $71.52 and a one year high of $133.39. The firm has a market capitalization of $7.64 billion, a PE ratio of 27.61 and a beta of -0.34. The stock has a 50 day moving average price of $108.83 and a 200-day moving average price of $101.75.
Orbital ATK (NYSE:OA) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.11. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the company posted $1.35 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities analysts forecast that Orbital ATK, Inc. will post $6.18 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Wednesday, September 6th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.28 annualized dividend and a yield of 0.97%.
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In other Orbital ATK news, VP Thomas E. Mccabe sold 400 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $101.60, for a total transaction of $40,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Frank L. Jr. Culbertson sold 2,002 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $105.89, for a total transaction of $211,991.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,002 shares of company stock valued at $316,492. Company insiders own 1.20% of the company’s stock.
OA has been the subject of several recent analyst reports. TheStreet upgraded Orbital ATK from a “c” rating to a “b” rating in a research note on Monday, August 28th. ValuEngine upgraded Orbital ATK from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub upgraded Orbital ATK from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Zacks Investment Research raised Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Monday, July 31st. Finally, Argus raised Orbital ATK from a “hold” rating to a “buy” rating and upped their price target for the company from $106.58 to $120.00 in a report on Monday, August 14th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Orbital ATK currently has an average rating of “Buy” and an average target price of $117.00.
Orbital ATK Profile
Orbital ATK, Inc is an aerospace and defense systems company and supplier of related products to the United States Government, allied nations, prime contractors and other customers. The Company’s segments include Flight Systems Group, Defense Systems Group, Space Systems Group and Corporate. Its products include launch vehicles and related propulsion systems; satellites and associated components and services; tactical missiles, subsystems and defense electronics, and precision weapons, armament systems and ammunition.
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