Orbital ATK, Inc. (OA) Stake Maintained by Icon Advisers Inc. Co.
Icon Advisers Inc. Co. maintained its stake in Orbital ATK, Inc. (NYSE:OA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,500 shares of the aerospace company’s stock at the end of the 2nd quarter. Icon Advisers Inc. Co. owned about 0.14% of Orbital ATK worth $8,115,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. grew its holdings in shares of Orbital ATK by 17,832.1% in the first 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 in the last quarter. Vanguard Group Inc. grew its holdings in shares of Orbital ATK by 5.0% in the first quarter. Vanguard Group Inc. now owns 4,752,439 shares of the aerospace company’s stock valued at $465,739,000 after purchasing an additional 227,516 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Orbital ATK by 0.4% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,123,788 shares of the aerospace company’s stock valued at $208,131,000 after purchasing an additional 8,339 shares in the last quarter. Iridian Asset Management LLC CT grew its holdings in shares of Orbital ATK by 5.6% in the second quarter. Iridian Asset Management LLC CT now owns 1,903,390 shares of the aerospace company’s stock valued at $187,217,000 after purchasing an additional 100,824 shares in the last quarter. Finally, LSV Asset Management grew its holdings in shares of Orbital ATK by 5,651.1% in the second quarter. LSV Asset Management now owns 1,409,015 shares of the aerospace company’s stock valued at $138,590,000 after purchasing an additional 1,384,515 shares in the last quarter. Institutional investors and hedge funds own 85.40% of the company’s stock.
A number of brokerages recently weighed in on OA. ValuEngine upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a report on Friday, September 1st. TheStreet upgraded shares of Orbital ATK from a “c” rating to a “b” rating in a report on Monday, August 28th. Argus upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and lifted their price objective 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. Stifel Nicolaus restated a “buy” rating on shares of Orbital ATK in a report on Friday, August 4th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $122.00 price objective (up previously from $115.00) on shares of Orbital ATK in a report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $108.56.
In other news, insider Frank L. Jr. Culbertson sold 2,002 shares of the firm’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas E. Mccabe sold 400 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $101.60, for a total transaction of $40,640.00. The disclosure for this sale can be found here. Insiders have sold 2,802 shares of company stock valued at $294,814 in the last three months. Corporate insiders own 1.20% of the company’s stock.
Shares of Orbital ATK, Inc. (NYSE:OA) traded down 0.31% during mid-day trading on Wednesday, hitting $108.30. 57,366 shares of the stock traded hands. The stock has a market cap of $6.24 billion, a PE ratio of 22.54 and a beta of -0.34. The stock has a 50-day moving average of $106.46 and a 200 day moving average of $100.74. Orbital ATK, Inc. has a one year low of $71.52 and a one year high of $112.03.
Orbital ATK (NYSE:OA) last issued its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.11. Orbital ATK had a net margin of 6.11% and a return on equity of 15.62%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company earned $1.35 earnings per share. Orbital ATK’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts predict that Orbital ATK, Inc. will post $6.17 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, September 1st.
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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