Stone Ridge Asset Management LLC Invests $346,000 in Orbital ATK (OA) Stock

Stone Ridge Asset Management LLC acquired a new stake in Orbital ATK (NYSE:OA) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,628 shares of the aerospace company’s stock, valued at approximately $346,000.

A number of other large investors have also recently bought and sold shares of the business. Guggenheim Capital LLC increased its stake in shares of Orbital ATK by 78.5% during the 4th quarter. Guggenheim Capital LLC now owns 64,338 shares of the aerospace company’s stock worth $8,460,000 after purchasing an additional 28,289 shares during the last quarter. Deutsche Bank AG boosted its holdings in Orbital ATK by 157.2% in the 4th quarter. Deutsche Bank AG now owns 779,120 shares of the aerospace company’s stock worth $102,451,000 after buying an additional 476,167 shares during the period. Wolverine Asset Management LLC boosted its holdings in Orbital ATK by 20,141.3% in the 4th quarter. Wolverine Asset Management LLC now owns 60,724 shares of the aerospace company’s stock worth $7,985,000 after buying an additional 60,424 shares during the period. Dynamic Capital Management Ltd bought a new position in Orbital ATK in the 4th quarter worth approximately $2,190,000. Finally, Gardner Lewis Asset Management L P bought a new position in Orbital ATK in the 4th quarter worth approximately $62,030,000. Hedge funds and other institutional investors own 80.60% of the company’s stock.

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Shares of NYSE:OA opened at $132.61 on Monday. The company has a quick ratio of 1.59, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. Orbital ATK has a one year low of $93.50 and a one year high of $134.59. The firm has a market capitalization of $7,664.59, a price-to-earnings ratio of 21.12, a PEG ratio of 2.18 and a beta of -0.24.

Orbital ATK (NYSE:OA) last announced its quarterly earnings results on Thursday, February 22nd. The aerospace company reported $1.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.79 by ($0.02). Orbital ATK had a net margin of 6.50% and a return on equity of 18.32%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the business earned $1.26 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. equities analysts expect that Orbital ATK will post 6.75 earnings per share for the current fiscal year.

In other Orbital ATK news, VP Thomas E. Mccabe sold 1,540 shares of the firm’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $131.80, for a total value of $202,972.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harrison H. Schmitt sold 1,500 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $131.60, for a total transaction of $197,400.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,288 shares of company stock valued at $433,230. Insiders own 1.20% of the company’s stock.

Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a report on Wednesday, January 10th. ValuEngine raised shares of Orbital ATK from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. TheStreet downgraded shares of Orbital ATK from a “b” rating to a “c” rating in a report on Wednesday, December 27th. Finally, FIG Partners raised shares of Orbital ATK to a “market perform” rating in a report on Wednesday, January 24th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Orbital ATK currently has a consensus rating of “Hold” and an average target price of $126.21.

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

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