Public Employees Retirement Association of Colorado Reduces Stake in Orbital ATK Inc (NYSE:OA)

Public Employees Retirement Association of Colorado cut its position in Orbital ATK Inc (NYSE:OA) by 0.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 11,417 shares of the aerospace company’s stock after selling 45 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Orbital ATK were worth $1,123,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Orbital ATK by 3.5% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,037 shares of the aerospace company’s stock worth $102,000 after buying an additional 35 shares during the last quarter. CENTRAL TRUST Co boosted its stake in shares of Orbital ATK by 9.6% in the second quarter. CENTRAL TRUST Co now owns 1,143 shares of the aerospace company’s stock worth $112,000 after buying an additional 100 shares during the last quarter. Stephens Inc. AR boosted its stake in shares of Orbital ATK by 6.1% in the first quarter. Stephens Inc. AR now owns 1,253 shares of the aerospace company’s stock worth $123,000 after buying an additional 72 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Orbital ATK during the second quarter worth about $128,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Orbital ATK by 23.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,207 shares of the aerospace company’s stock worth $216,000 after buying an additional 413 shares during the last quarter. 86.88% of the stock is currently owned by institutional investors.

Orbital ATK Inc (NYSE OA) opened at 108.68 on Tuesday. Orbital ATK Inc has a 12-month low of $71.52 and a 12-month high of $110.55. The company has a market cap of $6.26 billion, a PE ratio of 22.62 and a beta of -0.31. The stock has a 50 day moving average of $102.45 and a 200 day moving average of $98.09.

Orbital ATK (NYSE:OA) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.11. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Orbital ATK had a net margin of 7.89% and a return on equity of 18.46%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.35 EPS. Equities analysts expect that Orbital ATK Inc will post $6.16 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.28 annualized dividend and a dividend yield of 1.18%.

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A number of equities research analysts have issued reports on the stock. Argus raised shares of Orbital ATK from a “hold” rating to a “buy” rating and boosted their target price for the company from $106.58 to $120.00 in a report on Monday. They noted that the move was a valuation call. Zacks Investment Research cut shares of Orbital ATK from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th. Cowen and Company reissued a “buy” rating on shares of Orbital ATK in a report on Thursday, May 11th. BidaskClub cut shares of Orbital ATK from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $106.00 target price on shares of Orbital ATK in a report on Monday, June 5th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $108.56.

In other news, VP Christine Ann Wolf sold 5,039 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $101.54, for a total transaction of $511,660.06. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Thomas E. Mccabe sold 400 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $101.60, for a total transaction of $40,640.00. The disclosure for this sale can be found here. Insiders have sold a total of 16,674 shares of company stock worth $1,722,611 over the last 90 days. Insiders own 1.20% of the company’s stock.

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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