Clearbridge Investments LLC decreased its holdings in Orbital ATK Inc (NYSE:OA) by 50.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 544,435 shares of the aerospace company’s stock after selling 546,701 shares during the period. Clearbridge Investments LLC owned approximately 0.94% of Orbital ATK worth $71,593,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of OA. Pentwater Capital Management LP raised its holdings in Orbital ATK by 320.7% during the 4th quarter. Pentwater Capital Management LP now owns 1,480,000 shares of the aerospace company’s stock valued at $194,620,000 after buying an additional 1,128,200 shares during the last quarter. Magnetar Financial LLC raised its holdings in Orbital ATK by 33,729.1% during the 3rd quarter. Magnetar Financial LLC now owns 825,091 shares of the aerospace company’s stock valued at $109,869,000 after buying an additional 822,652 shares during the last quarter. Alpine Associates Management Inc. bought a new stake in Orbital ATK during the 3rd quarter valued at $83,861,000. Gardner Lewis Asset Management L P bought a new stake in Orbital ATK during the 4th quarter valued at $62,030,000. Finally, Gamco Investors INC. ET AL raised its holdings in Orbital ATK by 213.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 421,430 shares of the aerospace company’s stock worth $55,418,000 after purchasing an additional 286,900 shares in the last quarter. Institutional investors own 80.63% of the company’s stock.
Several research analysts have commented on OA shares. Zacks Investment Research upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a report on Wednesday, January 3rd. Cowen restated a “hold” rating and issued a $134.50 price objective on shares of Orbital ATK in a report on Wednesday, November 22nd. ValuEngine upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. TheStreet lowered shares of Orbital ATK from a “b” rating to a “c” rating in a report on Wednesday, December 27th. Finally, FIG Partners upgraded shares of Orbital ATK to a “market perform” rating in a report on Wednesday, January 24th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $126.21.
Orbital ATK (NYSE:OA) last released its earnings results on Thursday, February 22nd. The aerospace company reported $1.77 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.79 by ($0.02). The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Orbital ATK had a return on equity of 18.32% and a net margin of 6.50%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 earnings per share. sell-side analysts predict that Orbital ATK Inc will post 6.73 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Monday, February 12th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, February 9th. Orbital ATK’s dividend payout ratio is presently 23.97%.
In other news, Director Harrison H. Schmitt sold 1,500 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $131.60, for a total value of $197,400.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Thomas E. Mccabe sold 248 shares of the company’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $132.49, for a total transaction of $32,857.52. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
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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