D’orazio Associates Lowers stake in Orbital ATK Inc (OA)

Orbital ATK Inc (OA) : D’orazio Associates reduced its stake in Orbital ATK Inc by 1.39% during the most recent quarter end. The investment management company now holds a total of 13,742 shares of Orbital ATK Inc which is valued at $1,199,677 after selling 194 shares in Orbital ATK Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Orbital ATK Inc makes up approximately 0.43% of D’orazio Associates’s portfolio.

Other Hedge Funds, Including , Financial Counselors Inc reduced its stake in OA by selling 5,284 shares or 26.65% in the most recent quarter. The Hedge Fund company now holds 14,541 shares of OA which is valued at $1,078,215. Orbital ATK Inc makes up approx 0.06% of Financial Counselors Inc’s portfolio.Neuberger Berman Group reduced its stake in OA by selling 17,893 shares or 49.61% in the most recent quarter. The Hedge Fund company now holds 18,176 shares of OA which is valued at $1,588,401.Sawgrass Asset Management boosted its stake in OA in the latest quarter, The investment management firm added 11,200 additional shares and now holds a total of 15,570 shares of Orbital ATK Inc which is valued at $1,349,452. Orbital ATK Inc makes up approx 0.06% of Sawgrass Asset Management’s portfolio.Amg National Trust Bank boosted its stake in OA in the latest quarter, The investment management firm added 1,038 additional shares and now holds a total of 5,520 shares of Orbital ATK Inc which is valued at $478,418. Orbital ATK Inc makes up approx 0.04% of Amg National Trust Bank’s portfolio. Dorsey Wright Associates sold out all of its stake in OA during the most recent quarter. The investment firm sold 16,530 shares of OA which is valued $1,441,912.

Orbital ATK Inc opened for trading at $71.9 and hit $72.63 on the upside on Wednesday, eventually ending the session at $72.05, with a gain of 0.53% or 0.38 points. The heightened volatility saw the trading volume jump to 7,07,775 shares. Company has a market cap of $4,219 M.

On the company’s financial health, Orbital ATK Inc reported $1.31 EPS for the quarter, based on the information available during the earnings call on May 5, 2016. Analyst had a consensus estimate of $1.31. The company had revenue of $1065.00 million for the quarter, compared to analysts expectations of $1144.05 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS.

Investors should note that on Aug 3, 2016, Orbital ATK Inc announced a cash dividend of $0.3000. The company’s management has announced Sep 2, 2016 as the ex-dividend date and fixed the record date on Sep 7, 2016. The payable date has been fixed on Sep 22, 2016.

Many Wall Street Analysts have commented on Orbital ATK Inc. Shares were Reiterated by Barclays on Aug 11, 2016 to “Overweight” and Lowered the Price Target to $ 97 from a previous price target of $108 .

Orbital ATK Inc. formerly Alliant Techsystems Inc. is an aerospace and defense company. The Company designs builds and delivers space defense and aviation-related systems. The Company operates through three business segments: Flight Systems Group which develops rockets that are used as small- and medium-class space launch vehicles; Defense Systems Group which develops and produces military small- medium- and large-caliber ammunition small-caliber commercial ammunition propulsion systems strike weapons precision weapons and munitions gun systems aircraft survivability systems fuzes and warheads and special mission aircraft and Space Systems Group which develops and produces small- and medium-class satellites that are used to enable global and regional communications and broadcasting conduct space-related scientific research and perform other activities related to national security.

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