Orbital ATK, Inc. (OA) Position Reduced by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC cut its stake in shares of Orbital ATK, Inc. (NYSE:OA) by 2.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,013 shares of the aerospace company’s stock after selling 24 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Orbital ATK were worth $100,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of OA. 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 period. Stephens Inc. AR boosted its stake in 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 period. Meeder Asset Management Inc. purchased a new stake in Orbital ATK during the second quarter worth $128,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 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 period. Finally, LS Investment Advisors LLC boosted its stake in Orbital ATK by 37.8% in the second quarter. LS Investment Advisors LLC now owns 2,462 shares of the aerospace company’s stock worth $242,000 after buying an additional 675 shares during the period. 86.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Orbital ATK, Inc. (NYSE OA) opened at 106.58 on Friday. The stock has a 50 day moving average of $102.16 and a 200 day moving average of $97.80. Orbital ATK, Inc. has a 52 week low of $71.52 and a 52 week high of $107.45. The firm has a market cap of $6.14 billion, a P/E ratio of 22.19 and a beta of -0.31.

Orbital ATK (NYSE:OA) last issued its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the firm posted $1.35 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts forecast that Orbital ATK, Inc. will post $6.16 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Investors 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 1.20%.

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A number of equities analysts recently issued reports on OA shares. Zacks Investment Research upgraded shares of Orbital ATK from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. BidaskClub upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Cowen and Company restated a “buy” rating on shares of Orbital ATK in a research report on Thursday, May 11th. Stifel Nicolaus restated a “buy” rating on shares of Orbital ATK in a research report on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $106.00 price objective on shares of Orbital ATK in a research note on Monday, June 5th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Orbital ATK has an average rating of “Buy” and an average price target of $105.42.

In other Orbital ATK news, Director Harrison H. Schmitt sold 500 shares of the stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $99.28, for a total value of $49,640.00. Following the completion of the transaction, the director now directly owns 11,952 shares in the company, valued at $1,186,594.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas E. Mccabe sold 400 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $101.60, for a total value of $40,640.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,674 shares of company stock valued at $1,722,611. 1.20% of the stock is owned by corporate 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.

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

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