Ameriprise Financial Inc. grew its position in Orbital ATK, Inc. (NYSE:OA) by 8.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 219,840 shares of the aerospace company’s stock after acquiring an additional 16,906 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.38% of Orbital ATK worth $29,274,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC grew its stake in Orbital ATK by 500.5% during the 3rd quarter. SG Americas Securities LLC now owns 108,568 shares of the aerospace company’s stock worth $14,457,000 after buying an additional 90,489 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Orbital ATK by 1.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 535,200 shares of the aerospace company’s stock worth $71,266,000 after buying an additional 9,836 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Orbital ATK by 0.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 699,049 shares of the aerospace company’s stock worth $93,084,000 after buying an additional 4,050 shares during the last quarter. CIBC Asset Management Inc bought a new position in Orbital ATK during the 3rd quarter worth $257,000. Finally, First Eagle Investment Management LLC grew its stake in Orbital ATK by 0.9% during the 3rd quarter. First Eagle Investment Management LLC now owns 4,652,101 shares of the aerospace company’s stock worth $619,474,000 after buying an additional 42,211 shares during the last quarter. Institutional investors and hedge funds own 85.80% of the company’s stock.
Shares of Orbital ATK, Inc. (NYSE OA) traded down $0.28 during mid-day trading on Wednesday, reaching $132.49. The company’s stock had a trading volume of 403,100 shares, compared to its average volume of 432,733. The company has a quick ratio of 1.66, a current ratio of 1.87 and a debt-to-equity ratio of 0.66. Orbital ATK, Inc. has a one year low of $82.44 and a one year high of $134.59. The firm has a market cap of $7,658.97, a price-to-earnings ratio of 22.89, a PEG ratio of 2.37 and a beta of -0.24.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 16th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, November 15th. This represents a $1.28 dividend on an annualized basis and a yield of 0.97%. Orbital ATK’s dividend payout ratio (DPR) is presently 23.79%.
A number of research analysts recently commented on OA shares. TheStreet upgraded Orbital ATK from a “c” rating to a “b” rating in a research note on Monday, August 28th. ValuEngine upgraded Orbital ATK from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Stifel Nicolaus reiterated a “buy” rating on shares of Orbital ATK in a research report on Thursday, September 21st. Argus upgraded Orbital ATK from a “hold” rating to a “buy” rating and boosted their price target 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. Finally, Zacks Investment Research upgraded 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. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Orbital ATK presently has an average rating of “Hold” and an average price target of $123.56.
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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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