Alpine Associates Management Inc. Lowers Position in Orbital ATK Inc (OA)

Alpine Associates Management Inc. reduced its holdings in shares of Orbital ATK Inc (NYSE:OA) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 598,002 shares of the aerospace company’s stock after selling 31,777 shares during the period. Orbital ATK accounts for about 2.8% of Alpine Associates Management Inc.’s investment portfolio, making the stock its 9th largest holding. Alpine Associates Management Inc. owned about 1.04% of Orbital ATK worth $78,637,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Westchester Capital Management LLC bought a new stake in Orbital ATK during the 3rd quarter valued at about $5,635,000. First Eagle Investment Management LLC increased its stake in Orbital ATK by 0.9% during the 3rd 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. Bessemer Group Inc. increased its stake in Orbital ATK by 1,721.6% during the 3rd quarter. Bessemer Group Inc. now owns 7,341 shares of the aerospace company’s stock valued at $978,000 after purchasing an additional 6,938 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Orbital ATK by 115.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 58,375 shares of the aerospace company’s stock valued at $7,773,000 after purchasing an additional 31,322 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in Orbital ATK during the 3rd quarter valued at about $847,000. 81.09% of the stock is owned by institutional investors.

Shares of Orbital ATK Inc (NYSE OA) opened at $131.40 on Wednesday. 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 stock has a market cap of $7,559.17, a P/E ratio of 24.42, a P/E/G ratio of 2.16 and a beta of -0.27. Orbital ATK Inc has a 12-month low of $87.71 and a 12-month high of $134.59.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, February 9th. This represents a $1.28 annualized dividend and a yield of 0.97%. Orbital ATK’s dividend payout ratio (DPR) is 23.79%.

In related news, Director Harrison H. Schmitt sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $131.60, for a total transaction of $197,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

OA has been the subject of a number of research analyst reports. Credit Suisse Group lowered shares of Orbital ATK from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 8th. Cowen reiterated a “hold” rating and issued a $134.50 price target on shares of Orbital ATK in a research note on Wednesday, November 22nd. Zacks Investment Research upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a research note on Monday, November 27th. TheStreet lowered shares of Orbital ATK from a “b” rating to a “c” rating in a research note on Wednesday, December 27th. Finally, ValuEngine upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Orbital ATK presently has a consensus rating of “Hold” and an average price target of $123.56.

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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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