Creative Planning decreased its stake in Orbital ATK, Inc. (NYSE:OA) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,695 shares of the aerospace company’s stock after selling 336 shares during the period. Creative Planning’s holdings in Orbital ATK were worth $659,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of OA. AMG National Trust Bank increased its position in Orbital ATK by 12.1% in the first quarter. AMG National Trust Bank now owns 8,895 shares of the aerospace company’s stock valued at $872,000 after buying an additional 961 shares during the period. Bbva Compass Bancshares Inc. increased its position in Orbital ATK by 18.8% in the first quarter. Bbva Compass Bancshares Inc. now owns 6,585 shares of the aerospace company’s stock valued at $645,000 after buying an additional 1,044 shares during the period. Eqis Capital Management Inc. increased its position in Orbital ATK by 20.1% in the first quarter. Eqis Capital Management Inc. now owns 6,994 shares of the aerospace company’s stock valued at $685,000 after buying an additional 1,170 shares during the period. Great West Life Assurance Co. Can increased its position in Orbital ATK by 2.5% in the first quarter. Great West Life Assurance Co. Can now owns 33,891 shares of the aerospace company’s stock valued at $3,317,000 after buying an additional 824 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in Orbital ATK by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 20,552 shares of the aerospace company’s stock valued at $2,014,000 after buying an additional 300 shares during the period. Institutional investors own 86.88% of the company’s stock.
Orbital ATK, Inc. (NYSE:OA) traded down 0.48% during trading on Friday, reaching $105.11. The company’s stock had a trading volume of 183,373 shares. The stock’s 50-day moving average is $103.46 and its 200 day moving average is $98.48. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of 21.88 and a beta of -0.31. Orbital ATK, Inc. has a 52-week low of $71.52 and a 52-week high of $110.55.
Orbital ATK (NYSE:OA) last issued its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.56 EPS for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.11. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 EPS. On average, 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 issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Friday, September 1st.
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OA has been the subject of several analyst reports. Cowen and Company reissued a “buy” rating on shares of Orbital ATK in a research note on Thursday, May 11th. BidaskClub raised shares of Orbital ATK from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Argus raised shares of Orbital ATK from a “hold” rating to a “buy” rating and boosted their target price for the company from $106.58 to $120.00 in a research note on Monday, August 14th. They noted that the move was a valuation call. Stifel Nicolaus restated a “buy” rating on shares of Orbital ATK in a report on Friday, August 4th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $122.00 price target (up previously from $115.00) on shares of Orbital ATK in a report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $108.56.
In other news, insider Frank L. Jr. Culbertson sold 2,002 shares of Orbital ATK stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $105.89, for a total transaction of $211,991.78. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Thomas E. Mccabe sold 400 shares of Orbital ATK stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $101.60, for a total value of $40,640.00. The disclosure for this sale can be found here. Insiders sold a total of 16,874 shares of company stock worth $1,744,411 in the last ninety days. Insiders own 1.20% of the company’s stock.
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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