Great West Life Assurance Co. Can boosted its position in Orbital ATK, Inc. (NYSE:OA) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,095 shares of the aerospace company’s stock after buying an additional 204 shares during the period. Great West Life Assurance Co. Can owned approximately 0.06% of Orbital ATK worth $3,353,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in OA. 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. CENTRAL TRUST Co boosted its stake in shares of Orbital ATK by 9.6% in the second quarter. CENTRAL TRUST Co now owns 1,143 shares of the aerospace company’s stock worth $112,000 after buying an additional 100 shares during the period. Stephens Inc. AR raised its position 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 in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Orbital ATK during the second quarter worth $128,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 in the last quarter. 86.88% of the stock is owned by hedge funds and other institutional investors.
Orbital ATK, Inc. (NYSE OA) opened at 105.11 on Friday. Orbital ATK, Inc. has a 52-week low of $71.52 and a 52-week high of $110.55. The firm’s 50-day moving average is $103.46 and its 200 day moving average is $98.48. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 21.88 and a beta of -0.31.
Orbital ATK (NYSE:OA) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, topping the 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 for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the company posted $1.35 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities research analysts predict that Orbital ATK, Inc. will post $6.17 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, September 1st. This represents a $1.28 annualized dividend and a yield of 1.22%.
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A number of equities analysts recently weighed in on the stock. Argus upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and upped their target price for the stock from $106.58 to $120.00 in a research report on Monday, August 14th. They noted that the move was a valuation call. Jefferies Group LLC restated a “buy” rating and set a $122.00 target price (up previously from $115.00) on shares of Orbital ATK in a research report on Friday, August 4th. Stifel Nicolaus restated a “buy” rating on shares of Orbital ATK in a research report on Friday, August 4th. 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. Finally, Zacks Investment Research upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research report on Monday, July 31st. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Orbital ATK currently has a consensus rating of “Buy” and an average price target of $108.56.
In other Orbital ATK news, VP Christine Ann Wolf sold 5,039 shares of Orbital ATK stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $101.54, for a total transaction of $511,660.06. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Thomas E. Mccabe sold 3,533 shares of Orbital ATK stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $103.24, for a total transaction of $364,746.92. Following the sale, the vice president now directly owns 8,138 shares in the company, valued at approximately $840,167.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,874 shares of company stock worth $1,744,411. 1.20% of the stock is currently owned by corporate insiders.
About Orbital ATK
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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