Orbital ATK, Inc. (OA) Position Reduced by Sentinel Trust Co. LBA

Sentinel Trust Co. LBA cut its stake in shares of Orbital ATK, Inc. (NYSE:OA) by 33.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,649 shares of the aerospace company’s stock after selling 15,573 shares during the period. Sentinel Trust Co. LBA owned approximately 0.05% of Orbital ATK worth $3,015,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. UBS Asset Management Americas Inc. raised its position in shares of Orbital ATK by 11.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 18,905 shares of the aerospace company’s stock worth $1,659,000 after buying an additional 1,866 shares during the period. Teachers Advisors LLC raised its position in shares of Orbital ATK by 8.6% in the fourth quarter. Teachers Advisors LLC now owns 61,778 shares of the aerospace company’s stock worth $5,420,000 after buying an additional 4,872 shares during the period. Philadelphia Trust Co. raised its position in shares of Orbital ATK by 28.7% in the fourth quarter. Philadelphia Trust Co. now owns 39,410 shares of the aerospace company’s stock worth $3,457,000 after buying an additional 8,786 shares during the period. Leith Wheeler Investment Counsel Ltd. acquired a new position in shares of Orbital ATK during the first quarter worth about $1,160,000. Finally, Capstone Asset Management Co. raised its position in shares of Orbital ATK by 8.7% in the first quarter. Capstone Asset Management Co. now owns 3,241 shares of the aerospace company’s stock worth $318,000 after buying an additional 260 shares during the period. Institutional investors own 86.53% of the company’s stock.

Shares of Orbital ATK, Inc. (OA) traded up 0.70% during midday trading on Friday, hitting $103.12. The company had a trading volume of 33,539 shares. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 21.26 and a beta of -0.32. The stock’s 50-day moving average price is $100.22 and its 200-day moving average price is $96.15. Orbital ATK, Inc. has a 12 month low of $67.04 and a 12 month high of $105.09.

Orbital ATK (NYSE:OA) last released its quarterly earnings results on Thursday, May 11th. The aerospace company reported $1.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by $0.14. Orbital ATK had a return on equity of 15.34% and a net margin of 5.86%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the company posted $1.44 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast that Orbital ATK, Inc. will post $6.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 22nd. Stockholders of record on Wednesday, June 7th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, June 5th. This represents a $1.28 annualized dividend and a dividend yield of 1.25%.

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A number of brokerages have recently issued reports on OA. Zacks Investment Research upgraded shares of Orbital ATK from a “sell” rating to a “hold” rating in a research report on Monday. BidaskClub upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $106.00 target price on shares of Orbital ATK in a research report on Monday, June 5th. Cowen and Company restated a “buy” rating on shares of Orbital ATK in a research report on Thursday, May 11th. Finally, Jefferies Group LLC restated a “buy” rating and set a $115.00 target price on shares of Orbital ATK in a research report on Wednesday, April 12th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $103.28.

In other news, VP Christine Ann Wolf sold 5,039 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $101.54, for a total value of $511,660.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Harrison H. Schmitt sold 500 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $99.28, for a total value of $49,640.00. Following the completion of the transaction, the director now directly owns 11,952 shares of the company’s stock, valued at approximately $1,186,594.56. The disclosure for this sale can be found here. In the last three months, insiders sold 17,194 shares of company stock valued at $1,759,267. Company insiders own 1.20% 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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