Brandywine Global Investment Management LLC Purchases New Stake in Orbital ATK, Inc. (OA)

Brandywine Global Investment Management LLC purchased a new position in shares of Orbital ATK, Inc. (NYSE:OA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,706 shares of the aerospace company’s stock, valued at approximately $267,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Voya Investment Management LLC raised its position in Orbital ATK by 3.9% during the 2nd quarter. Voya Investment Management LLC now owns 615,291 shares of the aerospace company’s stock worth $60,520,000 after buying an additional 23,017 shares during the last quarter. OxFORD Asset Management LLP raised its position in Orbital ATK by 558.2% during the 2nd quarter. OxFORD Asset Management LLP now owns 88,435 shares of the aerospace company’s stock worth $8,698,000 after buying an additional 75,000 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Orbital ATK by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 830,162 shares of the aerospace company’s stock worth $81,655,000 after buying an additional 62,423 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in Orbital ATK by 32.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 55,448 shares of the aerospace company’s stock worth $5,454,000 after buying an additional 13,739 shares during the last quarter. Finally, Advisor Group Inc. raised its position in Orbital ATK by 3.5% during the 2nd quarter. Advisor Group Inc. now owns 11,621 shares of the aerospace company’s stock worth $1,142,000 after buying an additional 396 shares during the last quarter. 85.41% of the stock is owned by institutional investors.

Orbital ATK, Inc. (NYSE OA) opened at 133.58 on Wednesday. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 27.81 and a beta of -0.30. The stock’s 50 day moving average is $120.50 and its 200 day moving average is $105.46. Orbital ATK, Inc. has a 12-month low of $71.52 and a 12-month high of $134.59.

Orbital ATK (NYSE:OA) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.11. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the business earned $1.35 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities research analysts forecast that Orbital ATK, Inc. will post $6.18 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Stockholders of record on Wednesday, September 6th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, September 1st.

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In other Orbital ATK news, VP Thomas E. Mccabe sold 400 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $101.60, for a total value of $40,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frank L. Jr. Culbertson sold 2,002 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $105.89, for a total value of $211,991.78. The disclosure for this sale can be found here. Insiders have sold 3,002 shares of company stock valued at $316,492 in the last 90 days. Company insiders own 1.20% of the company’s stock.

A number of research firms have issued reports on OA. Wells Fargo & Company lowered shares of Orbital ATK from an “outperform” rating to a “market perform” rating in a research report on Friday, October 6th. Jefferies Group LLC lowered shares of Orbital ATK from a “buy” rating to a “hold” rating and raised their price target for the stock from $122.00 to $134.50 in a research report on Thursday, October 5th. Zacks Investment Research raised shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Tuesday, October 3rd. ValuEngine lowered shares of Orbital ATK from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Orbital ATK in a research report on Thursday, September 21st. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target 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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Institutional Ownership by Quarter for Orbital ATK (NYSE:OA)

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