Mount Yale Investment Advisors LLC acquired a new position in shares of Orbital ATK (NYSE:OA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,344 shares of the aerospace company’s stock, valued at approximately $178,000.
Other large investors also recently modified their holdings of the company. Guggenheim Capital LLC lifted its position in Orbital ATK by 78.5% during the 4th quarter. Guggenheim Capital LLC now owns 64,338 shares of the aerospace company’s stock valued at $8,460,000 after purchasing an additional 28,289 shares during the period. Deutsche Bank AG lifted its position in Orbital ATK by 157.2% during the 4th quarter. Deutsche Bank AG now owns 779,120 shares of the aerospace company’s stock valued at $102,451,000 after purchasing an additional 476,167 shares during the period. Ascend Capital LLC acquired a new position in Orbital ATK during the 4th quarter valued at about $1,261,000. Profund Advisors LLC lifted its position in Orbital ATK by 12.1% during the 4th quarter. Profund Advisors LLC now owns 7,154 shares of the aerospace company’s stock valued at $941,000 after purchasing an additional 775 shares during the period. Finally, Koch Industries Inc. lifted its position in Orbital ATK by 195.9% during the 4th quarter. Koch Industries Inc. now owns 145,000 shares of the aerospace company’s stock valued at $19,068,000 after purchasing an additional 96,000 shares during the period. 80.90% of the stock is currently owned by hedge funds and other institutional investors.
Get Orbital ATK alerts:Shares of NYSE:OA opened at $134.50 on Friday. The company has a market capitalization of $7.78 billion, a P/E ratio of 21.42, a PEG ratio of 2.22 and a beta of -0.29. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.49 and a current ratio of 1.68. Orbital ATK has a fifty-two week low of $95.84 and a fifty-two week high of $134.59.
Orbital ATK (NYSE:OA) last announced its quarterly earnings results on Thursday, May 3rd. The aerospace company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.26. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.15 billion. Orbital ATK had a net margin of 6.89% and a return on equity of 19.90%. Orbital ATK’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period last year, the company posted $1.23 EPS. analysts forecast that Orbital ATK will post 6.73 EPS for the current fiscal year.
A number of brokerages recently weighed in on OA. ValuEngine downgraded shares of Orbital ATK from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 2nd. Cowen reiterated a “hold” rating on shares of Orbital ATK in a research report on Thursday, June 7th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $129.58.
About Orbital ATK
Orbital ATK, Inc develops and produces aerospace and defense related products to the U.S. Government, allied nations, prime contractors, and other customers in the United States and internationally. It operates through three segments: Flight Systems Group, Defense Systems Group, and Space Systems Group.
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