Wbi Investments buys $21.2 Million stake in Orbital ATK Inc (OA)

Orbital ATK Inc (OA) : Wbi Investments scooped up 225,527 additional shares in Orbital ATK Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 243,332 shares of Orbital ATK Inc which is valued at $21.2 Million.Orbital ATK Inc makes up approximately 0.91% of Wbi Investments’s portfolio.

Other Hedge Funds, Including , Trexquant Investment Lp sold out all of its stake in OA during the most recent quarter. The investment firm sold 6,100 shares of OA which is valued $532,042. Spot Trading L.l.c added OA to its portfolio by purchasing 2,451 company shares during the most recent quarter which is valued at $213,776. Orbital ATK Inc makes up approx 0.03% of Spot Trading L.l.c’s portfolio.Sandy Spring Bank boosted its stake in OA in the latest quarter, The investment management firm added 53 additional shares and now holds a total of 558 shares of Orbital ATK Inc which is valued at $47,631. Orbital ATK Inc makes up approx 0.01% of Sandy Spring Bank’s portfolio.Ifp Advisors Inc boosted its stake in OA in the latest quarter, The investment management firm added 58 additional shares and now holds a total of 3,082 shares of Orbital ATK Inc which is valued at $263,080. Orbital ATK Inc makes up approx 0.02% of Ifp Advisors Inc’s portfolio.

Orbital ATK Inc opened for trading at $87.18 and hit $88.75 on the upside on Monday, eventually ending the session at $88.05, with a gain of 0.95% or 0.83 points. The heightened volatility saw the trading volume jump to 3,83,426 shares. Company has a market cap of $5,156 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 May 4, 2016, Orbital ATK Inc announced a cash dividend of $0.3000. The company’s management has announced Jun 6, 2016 as the ex-dividend date and fixed the record date on Jun 8, 2016. The payable date has been fixed on Jun 23, 2016.

Many Wall Street Analysts have commented on Orbital ATK Inc. Shares were Reiterated by Stifel on Mar 2, 2016 to “Buy” and Lowered the Price Target to $ 95 from a previous price target of $100 .

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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