NJ State Employees Deferred Compensation Plan continued to hold its position in Orbital ATK, Inc. (NYSE:OA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,209 shares of the aerospace company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Orbital ATK were worth $512,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OA. Gilder Gagnon Howe & Co. LLC increased 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 increased 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 increased its stake 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 during the period. Meeder Asset Management Inc. acquired a new stake in shares of Orbital ATK during the second quarter worth about $128,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 during the period. Hedge funds and other institutional investors own 86.42% of the company’s stock.
Shares of Orbital ATK, Inc. (OA) opened at 106.47 on Tuesday. The stock has a 50 day moving average price of $100.78 and a 200 day moving average price of $96.97. Orbital ATK, Inc. has a 12-month low of $67.04 and a 12-month high of $106.95. The stock has a market capitalization of $6.14 billion, a P/E ratio of 21.95 and a beta of -0.31.
Orbital ATK (NYSE:OA) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.56 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 15.86%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the company posted $1.35 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts anticipate that Orbital ATK, Inc. will post $6.12 earnings per share for the current fiscal year.
A number of analysts have issued reports on the company. Zacks Investment Research raised Orbital ATK from a “sell” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub raised Orbital ATK from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Jefferies Group LLC reaffirmed a “buy” rating and set a $115.00 price target on shares of Orbital ATK in a report on Wednesday, April 12th. Cowen and Company reaffirmed a “buy” rating on shares of Orbital ATK in a report on Thursday, May 11th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Orbital ATK in a report on Friday. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $104.68.
In other news, VP Christine Ann Wolf sold 5,039 shares of the stock in a transaction dated 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 this hyperlink. Also, VP Thomas E. Mccabe sold 3,533 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $103.24, for a total transaction of $364,746.92. Following the transaction, 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. Insiders have sold 16,674 shares of company stock worth $1,722,611 in the last ninety days. Corporate 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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