Gotham Asset Management LLC Invests $3.77 Million in Orbital ATK, Inc. (OA)

Gotham Asset Management LLC bought a new position in shares of Orbital ATK, Inc. (NYSE:OA) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 38,307 shares of the aerospace company’s stock, valued at approximately $3,768,000. Gotham Asset Management LLC owned approximately 0.07% of Orbital ATK at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in OA. UBS Asset Management Americas Inc. lifted its position in shares of Orbital ATK by 17.3% during the first quarter. UBS Asset Management Americas Inc. now owns 22,185 shares of the aerospace company’s stock worth $2,174,000 after purchasing an additional 3,280 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Orbital ATK by 13.3% during the first quarter. Parametric Portfolio Associates LLC now owns 41,709 shares of the aerospace company’s stock worth $4,087,000 after buying an additional 4,910 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Orbital ATK by 2.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,613 shares of the aerospace company’s stock worth $256,000 after buying an additional 67 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Orbital ATK by 37.1% during the first quarter. JPMorgan Chase & Co. now owns 230,981 shares of the aerospace company’s stock worth $22,636,000 after buying an additional 62,455 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Orbital ATK by 3.3% during the first quarter. SG Americas Securities LLC now owns 9,934 shares of the aerospace company’s stock worth $974,000 after buying an additional 317 shares during the last quarter. Institutional investors own 85.41% of the company’s stock.

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

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Orbital ATK (NYSE:OA) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $1.12 billion. Orbital ATK had a net margin of 6.11% and a return on equity of 15.62%. Orbital ATK’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.35 EPS.

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

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company downgraded shares of Orbital ATK from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. Jefferies Group LLC downgraded shares of Orbital ATK from a “buy” rating to a “hold” rating and boosted their price target for the stock from $122.00 to $134.50 in a research note 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 note on Tuesday, October 3rd. ValuEngine downgraded shares of Orbital ATK from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Orbital ATK in a research note on Thursday, September 21st. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $122.28.

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.

Institutional Ownership by Quarter for Orbital ATK (NYSE:OA)

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