Iridian Asset Management LLC CT Has $136.29 Million Position in Orbital ATK, Inc. (OA)
Iridian Asset Management LLC CT reduced its stake in Orbital ATK, Inc. (NYSE:OA) by 46.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,023,520 shares of the aerospace company’s stock after selling 879,870 shares during the quarter. Iridian Asset Management LLC CT owned approximately 1.77% of Orbital ATK worth $136,292,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. CENTRAL TRUST Co lifted its holdings in Orbital ATK by 9.6% in the 2nd quarter. CENTRAL TRUST Co now owns 1,143 shares of the aerospace company’s stock worth $112,000 after purchasing an additional 100 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Orbital ATK in the 2nd quarter worth approximately $128,000. ETF Managers Group LLC acquired a new stake in Orbital ATK in the 2nd quarter worth approximately $228,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Orbital ATK by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,394 shares of the aerospace company’s stock worth $235,000 after purchasing an additional 187 shares during the last quarter. Finally, HL Financial Services LLC acquired a new stake in Orbital ATK in the 3rd quarter worth approximately $238,000. Hedge funds and other institutional investors own 86.21% of the company’s stock.
Shares of Orbital ATK, Inc. (OA) traded up $0.04 during midday trading on Friday, hitting $132.43. The company had a trading volume of 546,400 shares, compared to its average volume of 427,478. The company has a quick ratio of 1.66, a current ratio of 1.87 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $7,640.00, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 2.38 and a beta of 0.45. Orbital ATK, Inc. has a twelve month low of $82.44 and a twelve month high of $134.59.
Orbital ATK (NYSE:OA) last issued its earnings results on Thursday, November 2nd. The aerospace company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.19. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.15 billion. Orbital ATK had a return on equity of 17.32% and a net margin of 6.62%. Orbital ATK’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.15 earnings per share. equities analysts anticipate that Orbital ATK, Inc. will post 6.18 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 16th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%. Orbital ATK’s payout ratio is 23.62%.
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Several equities research analysts recently weighed in on OA shares. SunTrust Banks, Inc. lowered Orbital ATK from a “buy” rating to a “hold” rating and set a $106.00 target price for the company. in a report on Tuesday, September 19th. Zacks Investment Research upgraded Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and issued a $122.00 target price (up from $115.00) on shares of Orbital ATK in a report on Friday, August 4th. Wells Fargo & Company lowered Orbital ATK from an “outperform” rating to a “market perform” rating in a report on Friday, October 6th. Finally, CL King lowered Orbital ATK from a “buy” rating to a “neutral” rating in a report on Tuesday, September 19th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $122.28.
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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