Janus Capital Management LLC Sells 2000 Shares of Orbital ATK, Inc. (OA)

Pierre Vaugeois
Août 12, 2017

Analysts expect Orbital ATK to earn $6.73 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 19.0%. FMR LLC now owns 1,075,543 shares of the aerospace company's stock worth $105,403,000 after buying an additional 41,438 shares in the last quarter. Creative Planning's holdings in Orbital ATK were worth $659,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Gilder Gagnon Howe & Co. Iridian Asset Management LLC CT now owns 1,802,566 shares of the aerospace company's stock worth $176,651,000 after buying an additional 568,164 shares during the period. As of quarter end Elk Creek Partners, LLC had sold a total of 4,152 shares trimming its stake by 8.9%. Leith Wheeler Investment Counsel Ltd. acquired a new stake in Orbital ATK during the first quarter valued at $1,160,000.

Thrivent Financial For Lutherans reports that it bought 117,410 shares during the last quarter increasing its exposure to Orbital ATK, Inc.by 85.9%. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Orbital ATK by 0.4% in the first quarter. Vanguard Group Inc. now owns 4,752,439 shares of the aerospace company's stock worth $465,739,000 after buying an additional 227,516 shares during the period. LSV Asset Management increased its position in shares of Orbital ATK by 5,651.1% in the second quarter.

Shares of Orbital ATK, Inc. Bbva Compass Bancshares Inc. now owns 6,585 shares of the aerospace company's stock valued at $645,000 after buying an additional 1,044 shares during the period. Hedge funds and other institutional investors own 86.42% of the company's stock.

According to Zacks, "Year to date shares of Orbital ATK have outperformed the Zacks categorized broader industry". (NYSE OA) opened at 106.58 on Friday.

It is now trading at $106.16 just above $101.93, the 50 day moving average and significantly above the 200 day moving average of $97.67. Orbital ATK, Inc. has a 52 week low of $71.52 and a 52 week high of $107.45.

Orbital ATK (NYSE:OA) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.11. Next quarter's EPS is forecasted at $1.85 and the next full year EPS is anticipated to be $6.67. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. Orbital ATK's revenue for the quarter was up 2.9% compared to the same quarter past year. During the same quarter a year ago, the business earned $1.35 earnings per share.

TRADEMARK VIOLATION WARNING: This report was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this article on another site, it was illegally copied and republished in violation of USA and worldwide copyright & trademark laws. Finally, Vanguard Group Inc. increased its stake in Orbital ATK by 5.0% in the first quarter. "(OA)" was reported by BNB Daily and is owned by of BNB Daily. Jefferies Group LLC reiterated a "buy" rating and issued a $122.00 target price (up previously from $115.00) on shares of Orbital ATK in a research note on Friday, August 4th. Zacks Investment Research lowered shares of Orbital ATK from a "hold" rating to a "sell" rating in a report on Tuesday, July 11th. Culbertson sold 2,002 shares of the company's stock in a transaction dated Friday, August 4th. Goldman Sachs Group, Inc. (The) reiterated a "neutral" rating and issued a $106.00 target price on shares of Orbital ATK in a research note on Monday, June 5th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Orbital ATK presently has an average rating of "Buy" and an average target price of $104.68. The stock was sold at an average price of $99.28, for a total transaction of $49,640.00. The shares were sold at an average price of $101.54, for a total transaction of $511,660.06.

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