Shares of Orbital ATK, Inc. (NYSE:OA) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). BlackRock Inc. now owns 5,090,376 shares of the aerospace company's stock worth $498,857,000 after buying an additional 5,061,989 shares during the period.
Several other institutional investors also recently modified their holdings of the stock. Gilder Gagnon Howe & Co. Princeton Alpha Management LP bought a new position in Orbital ATK during the first quarter valued at approximately $487,000. The value of the company's investment in Orbital ATK, Inc. went from $4,569,000 to $4,177,000 a change of 8.6% quarter to quarter.
Thrivent Financial For Lutherans reports that it raised its position in Orbital ATK, Inc. stock by 85.9% in the quarter ending 06/30/2017. Creative Planning's holdings in Orbital ATK were worth $659,000 at the end of the most recent quarter.
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 value in dollars decreased from $4,569,000 to $4,177,000 a change of $392,000 for the reporting period. The firm owned 6,695 shares of the aerospace company's stock after selling 336 shares during the period.
Shares of Orbital ATK, Inc. closed the previous trading session at 106.58 up +0.79 0.75% with 215,043 shares trading hands. 71,319 shares of the company were exchanged.
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The P/E ratio is now 22.01 and market capitalization is 6.09B. The stock's 50 day moving average price is $102.16 and its 200 day moving average price is $97.80.
The next payable dividend for Orbital ATK, Inc.is scheduled for 9/21/2017.
Orbital ATK (NYSE:OA) last announced its earnings results on Thursday, August 3rd. The dividend payment was $0.320 per share for the quarter which comes to $1.28 on an annualized basis. The company had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.12 billion. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. The company's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.35 EPS. Equities analysts anticipate that Orbital ATK, Inc. will post $6.16 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: This report was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and global copyright legislation. Finally, FMR LLC boosted its position in shares of Orbital ATK by 4.0% in the first quarter. "(OA)" was reported by BNB Daily and is owned by of BNB Daily. BidaskClub raised shares of Orbital ATK from a "hold" rating to a "buy" rating in a report on Saturday, July 8th. Jefferies Group LLC reissued a "buy" rating and set a $115.00 price target on shares of Orbital ATK in a research note on Wednesday, April 12th. Stifel Nicolaus restated a "buy" rating on shares of Orbital ATK in a report on Friday, August 4th. Finally, Goldman Sachs Group, Inc. Orbital ATK presently has an average rating of "Buy" and a consensus price target of $105.42. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Orbital ATK now has a consensus rating of "Buy" and a consensus target price of $105.42.
In other Orbital ATK news, VP Thomas E. Mccabe sold 400 shares of the company's stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $101.60, for a total value of $40,640.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Christine Ann Wolf sold 5,039 shares of the company's stock in a transaction dated Wednesday, May 31st. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,674 shares of company stock valued at $1,722,611.