UBS Group AG boosted its stake in Orbital ATK, Inc. (NYSE:OA) by 9.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 451,531 shares of the aerospace company’s stock after buying an additional 38,462 shares during the period. UBS Group AG owned approximately 0.77% of Orbital ATK worth $44,250,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Orbital ATK by 3.5% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,037 shares of the aerospace company’s stock worth $102,000 after buying an additional 35 shares during the period. Stephens Inc. AR boosted its stake in shares of Orbital ATK by 6.1% in the first quarter. Stephens Inc. AR now owns 1,253 shares of the aerospace company’s stock worth $123,000 after buying an additional 72 shares during the period. WFG Advisors LP boosted its stake in shares of Orbital ATK by 210.8% in the fourth quarter. WFG Advisors LP now owns 4,743 shares of the aerospace company’s stock worth $195,000 after buying an additional 3,217 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Orbital ATK by 23.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,207 shares of the aerospace company’s stock worth $216,000 after buying an additional 413 shares during the period. Finally, ARK Investment Management LLC bought a new stake in shares of Orbital ATK during the fourth quarter worth $227,000. Institutional investors and hedge funds own 87.25% of the company’s stock.
Orbital ATK, Inc. (OA) traded up 1.63% during midday trading on Monday, reaching $101.12. The company’s stock had a trading volume of 250,858 shares. Orbital ATK, Inc. has a 1-year low of $67.04 and a 1-year high of $105.09. The firm has a market capitalization of $5.84 billion, a PE ratio of 20.85 and a beta of -0.31. The stock’s 50-day moving average price is $99.27 and its 200 day moving average price is $93.97.
Orbital ATK (NYSE:OA) last posted its earnings results on Thursday, May 11th. The aerospace company reported $1.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by $0.14. Orbital ATK had a net margin of 5.86% and a return on equity of 15.34%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm posted $1.44 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts anticipate that Orbital ATK, Inc. will post $6.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Wednesday, June 7th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Monday, June 5th.
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OA has been the subject of a number of analyst reports. Cowen and Company restated a “hold” rating and set a $83.00 price objective on shares of Orbital ATK in a research note on Wednesday, March 8th. Stifel Nicolaus decreased their price objective on Orbital ATK from $120.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, March 9th. Zacks Investment Research upgraded Orbital ATK from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research note on Friday, March 10th. Barclays PLC restated an “overweight” rating and set a $105.00 price objective (up from $97.00) on shares of Orbital ATK in a research note on Saturday, March 11th. Finally, Jefferies Group LLC restated a “buy” rating and set a $115.00 price objective (up from $100.00) on shares of Orbital ATK in a research note on Saturday, March 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Orbital ATK currently has a consensus rating of “Buy” and a consensus price target of $103.28.
In other news, VP Thomas E. Mccabe sold 1,922 shares of the business’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $99.00, for a total value of $190,278.00. Following the completion of the sale, the vice president now directly owns 5,539 shares of the company’s stock, valued at approximately $548,361. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Harrison H. Schmitt sold 500 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $99.28, for a total value of $49,640.00. Following the sale, the director now directly owns 11,952 shares of the company’s stock, valued at $1,186,594.56. The disclosure for this sale can be found here. Insiders sold a total of 16,994 shares of company stock valued at $1,738,885 over the last three months. Company insiders own 1.00% of the company’s stock.
Orbital ATK Company 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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