Orbital ATK, Inc. (OA) Holdings Trimmed by NWQ Investment Management Company LLC

NWQ Investment Management Company LLC trimmed its position in Orbital ATK, Inc. (NYSE:OA) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 622,126 shares of the aerospace company’s stock after selling 10,189 shares during the period. Orbital ATK makes up approximately 1.0% of NWQ Investment Management Company LLC’s investment portfolio, making the stock its 22nd largest holding. NWQ Investment Management Company LLC owned 1.08% of Orbital ATK worth $82,842,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Orbital ATK by 1.3% in the second quarter. BlackRock Inc. now owns 5,157,936 shares of the aerospace company’s stock valued at $507,335,000 after purchasing an additional 67,560 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Orbital ATK by 1.5% in the second quarter. Vanguard Group Inc. now owns 4,824,620 shares of the aerospace company’s stock valued at $474,550,000 after purchasing an additional 72,181 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Orbital ATK by 0.9% in the third quarter. First Eagle Investment Management LLC now owns 4,652,101 shares of the aerospace company’s stock valued at $619,474,000 after purchasing an additional 42,211 shares in the last quarter. Iridian Asset Management LLC CT lifted its holdings in shares of Orbital ATK by 5.6% in the second quarter. Iridian Asset Management LLC CT now owns 1,903,390 shares of the aerospace company’s stock valued at $187,217,000 after purchasing an additional 100,824 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Orbital ATK by 3.1% in the second quarter. State Street Corp now owns 1,705,419 shares of the aerospace company’s stock valued at $167,746,000 after purchasing an additional 51,590 shares in the last quarter. Institutional investors own 85.80% of the company’s stock.

OA has been the topic of a number of research reports. Argus upgraded Orbital ATK from a “hold” rating to a “buy” rating and boosted their price target for the company from $106.58 to $120.00 in a report on Monday, August 14th. They noted that the move was a valuation call. TheStreet raised Orbital ATK from a “c” rating to a “b” rating in a research report on Monday, August 28th. ValuEngine raised Orbital ATK from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. CL King downgraded Orbital ATK from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 19th. Finally, SunTrust Banks downgraded Orbital ATK from a “buy” rating to a “hold” rating and set a $106.00 target price on the stock. in a research report on Tuesday, September 19th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $123.56.

Orbital ATK, Inc. (NYSE:OA) traded down $0.28 during trading hours on Wednesday, hitting $132.49. The company had a trading volume of 403,100 shares, compared to its average volume of 432,733. The company has a current ratio of 1.87, a quick ratio of 1.66 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $7,658.97, a P/E ratio of 22.89, a P/E/G ratio of 2.37 and a beta of -0.24. Orbital ATK, Inc. has a twelve month low of $82.44 and a twelve month high of $134.59.

Orbital ATK (NYSE:OA) last released its earnings results on Thursday, November 2nd. The aerospace company reported $1.75 earnings per share (EPS) 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 return on equity of 17.32% and a net margin of 6.62%. Orbital ATK’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.15 earnings per share. research analysts anticipate that Orbital ATK, Inc. will post 6.22 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 16th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Wednesday, November 15th. Orbital ATK’s dividend payout ratio (DPR) is presently 23.79%.

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

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