Advisors Asset Management Inc. Trims Position in Orbital ATK, Inc. (OA)

Advisors Asset Management Inc. decreased its stake in shares of Orbital ATK, Inc. (NYSE:OA) by 13.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,342 shares of the aerospace company’s stock after selling 4,443 shares during the period. Advisors Asset Management Inc.’s holdings in Orbital ATK were worth $3,774,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of OA. Meeder Asset Management Inc. acquired a new position in Orbital ATK during the 2nd quarter valued at about $128,000. HL Financial Services LLC acquired a new position in Orbital ATK during the 3rd quarter valued at about $238,000. Quantitative Systematic Strategies LLC acquired a new position in Orbital ATK during the 3rd quarter valued at about $246,000. Advisor Partners LLC acquired a new position in Orbital ATK during the 3rd quarter valued at about $250,000. Finally, CIBC Asset Management Inc acquired a new position in Orbital ATK during the 3rd quarter valued at about $257,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

Shares of Orbital ATK, Inc. (NYSE OA) opened at $132.35 on Thursday. The firm has a market cap of $7,633.59, a P/E ratio of 22.82, a P/E/G ratio of 2.38 and a beta of -0.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 1.66. Orbital ATK, Inc. has a 52-week low of $82.44 and a 52-week high of $134.59.

Orbital ATK (NYSE:OA) last announced its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.19. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.15 billion. Orbital ATK had a net margin of 6.62% and a return on equity of 17.32%. Orbital ATK’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the company posted $1.15 EPS. research analysts predict that Orbital ATK, Inc. will post 6.18 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 16th will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%. Orbital ATK’s dividend payout ratio is 23.79%.

OA has been the topic of a number of research reports. TheStreet upgraded shares of Orbital ATK from a “c” rating to a “b” rating in a research report on Monday, August 28th. ValuEngine upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Tuesday, October 3rd. Wells Fargo & Company downgraded shares of Orbital ATK from an “outperform” rating to a “market perform” rating in a research report on Friday, October 6th. Finally, Jefferies Group LLC downgraded shares of Orbital ATK from a “buy” rating to a “hold” rating and upped their target price for the company from $122.00 to $134.50 in a research report on Thursday, October 5th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Orbital ATK currently has an average rating of “Hold” and a consensus price target of $122.28.

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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.

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

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