Victory Capital Management Inc. lifted its position in Orbital ATK Inc (NYSE:OA) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,679 shares of the aerospace company’s stock after acquiring an additional 2,472 shares during the period. Victory Capital Management Inc.’s holdings in Orbital ATK were worth $2,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Cerebellum GP LLC acquired a new stake in shares of Orbital ATK in the fourth quarter worth approximately $127,000. Front Row Advisors LLC acquired a new stake in shares of Orbital ATK in the fourth quarter worth approximately $132,000. LMR Partners LLP acquired a new stake in shares of Orbital ATK in the third quarter worth approximately $201,000. Cadence Capital Management LLC acquired a new stake in shares of Orbital ATK in the third quarter worth approximately $204,000. Finally, HL Financial Services LLC acquired a new stake in shares of Orbital ATK in the third quarter worth approximately $238,000. 81.13% of the stock is currently owned by hedge funds and other institutional investors.
In other Orbital ATK news, Director Harrison H. Schmitt sold 1,500 shares of Orbital ATK stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $131.60, for a total value of $197,400.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.20% of the stock is owned by insiders.
Orbital ATK Inc (NYSE:OA) opened at $132.00 on Monday. Orbital ATK Inc has a 1 year low of $88.82 and a 1 year high of $134.59. The company has a market capitalization of $7,614.55, a P/E ratio of 22.76, a P/E/G ratio of 2.18 and a beta of -0.27. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.66 and a current ratio of 1.87.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $1.28 dividend on an annualized basis and a yield of 0.97%. Orbital ATK’s dividend payout ratio is currently 23.79%.
OA has been the topic of a number of analyst reports. ValuEngine upgraded Orbital ATK from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Orbital ATK from a “hold” rating to a “buy” rating and set a $148.00 price objective on the stock in a research report on Tuesday, January 16th. TheStreet downgraded Orbital ATK from a “b” rating to a “c” rating in a research report on Wednesday, December 27th. Cowen reiterated a “hold” rating and set a $134.50 price objective on shares of Orbital ATK in a research report on Wednesday, November 22nd. Finally, FIG Partners upgraded Orbital ATK to a “market perform” rating in a research report on Wednesday, January 24th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $123.56.
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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