Thomas White International Ltd. Reduces Stake in Orbital ATK, Inc. (OA)

Thomas White International Ltd. lowered its position in Orbital ATK, Inc. (NYSE:OA) by 4.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,199 shares of the aerospace company’s stock after selling 518 shares during the period. Thomas White International Ltd.’s holdings in Orbital ATK were worth $999,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Markston International LLC boosted its position in shares of Orbital ATK by 1.4% in the third quarter. Markston International LLC now owns 37,333 shares of the aerospace company’s stock worth $2,846,000 after buying an additional 500 shares during the last quarter. Three Peaks Capital Management LLC boosted its position in shares of Orbital ATK by 5.9% in the third quarter. Three Peaks Capital Management LLC now owns 153,787 shares of the aerospace company’s stock worth $11,723,000 after buying an additional 8,525 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its position in shares of Orbital ATK by 102.0% in the third quarter. Signature Estate & Investment Advisors LLC now owns 3,747 shares of the aerospace company’s stock worth $286,000 after buying an additional 1,892 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of Orbital ATK by 8.7% in the third quarter. First Eagle Investment Management LLC now owns 4,726,422 shares of the aerospace company’s stock worth $360,295,000 after buying an additional 379,124 shares during the last quarter. Finally, Corsair Capital Management L.P. boosted its position in shares of Orbital ATK by 6.3% in the third quarter. Corsair Capital Management L.P. now owns 366,597 shares of the aerospace company’s stock worth $27,925,000 after buying an additional 21,723 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

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

Orbital ATK, Inc. (OA) traded down 0.09% during midday trading on Friday, reaching $99.50. 599,447 shares of the company’s stock traded hands. The company’s 50-day moving average price is $99.27 and its 200 day moving average price is $93.97. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 20.52 and a beta of -0.31. Orbital ATK, Inc. has a 52 week low of $67.04 and a 52 week high of $105.09.

Orbital ATK (NYSE:OA) last posted its earnings results on Thursday, May 11th. The aerospace company reported $1.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by $0.14. Orbital ATK had a return on equity of 15.34% and a net margin of 5.86%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. Orbital ATK’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that Orbital ATK, Inc. will post $6.04 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Wednesday, June 7th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Monday, June 5th.

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A number of brokerages have issued reports on OA. Zacks Investment Research cut shares of Orbital ATK from a “buy” rating to a “hold” rating in a research report on Thursday, March 16th. Stifel Nicolaus cut their price objective on shares of Orbital ATK from $120.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, March 9th. Cowen and Company reissued a “hold” rating and issued a $83.00 price objective on shares of Orbital ATK in a research report on Wednesday, March 8th. Barclays PLC reissued an “overweight” rating and issued a $105.00 price objective (up previously from $97.00) on shares of Orbital ATK in a research report on Saturday, March 11th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $115.00 price objective on shares of Orbital ATK in a research report on Wednesday, April 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. Orbital ATK has an average rating of “Buy” and an average target price of $103.28.

In related news, VP Thomas E. Mccabe sold 1,922 shares of the business’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $99.00, for a total transaction of $190,278.00. Following the completion of the transaction, the vice president now directly owns 5,539 shares in the company, valued at $548,361. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider David W. Thompson sold 5,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $104.71, for a total value of $523,550.00. Following the transaction, the insider now owns 97,939 shares of the company’s stock, valued at $10,255,192.69. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,994 shares of company stock valued at $1,738,885. 1.00% of the stock is owned by company insiders.

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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