Orbital ATK, Inc. (NYSE:OA) Given Consensus Rating of “Buy” by Brokerages
Orbital ATK, Inc. (NYSE:OA) has received an average rating of “Buy” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $102.09.
Several research analysts have issued reports on OA shares. Zacks Investment Research lowered shares of Orbital ATK from a “buy” rating to a “hold” rating in a research report on Thursday, March 16th. BidaskClub upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a research report on Saturday. Jefferies Group LLC restated a “buy” rating and issued a $115.00 price target on shares of Orbital ATK in a research report on Wednesday, April 12th. Cowen and Company restated a “buy” rating on shares of Orbital ATK in a research report on Thursday, May 11th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $106.00 price target on shares of Orbital ATK in a research report on Monday, June 5th.
In related news, VP Thomas E. Mccabe sold 1,922 shares of Orbital ATK stock in a transaction on Friday, April 28th. The shares were sold at an average price of $99.00, for a total value of $190,278.00. Following the completion of the sale, the vice president now owns 5,539 shares of the company’s stock, valued at approximately $548,361. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Thomas E. Mccabe sold 3,533 shares of Orbital ATK stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $103.24, for a total transaction of $364,746.92. Following the completion of the sale, the vice president now directly owns 8,138 shares of the company’s stock, valued at approximately $840,167.12. The disclosure for this sale can be found here. Insiders have sold a total of 16,994 shares of company stock valued at $1,738,885 in the last three months. Company insiders own 1.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Orbital ATK by 17,832.1% in the first quarter. BlackRock Inc. now owns 5,090,376 shares of the aerospace company’s stock valued at $498,857,000 after buying an additional 5,061,989 shares during the last quarter. Iridian Asset Management LLC CT raised its position in Orbital ATK by 46.0% in the first quarter. 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 in the last quarter. Clearbridge Investments LLC raised its position in Orbital ATK by 48.3% in the first quarter. Clearbridge Investments LLC now owns 1,091,495 shares of the aerospace company’s stock worth $106,967,000 after buying an additional 355,311 shares in the last quarter. Scout Investments Inc. raised its position in Orbital ATK by 188.8% in the first quarter. Scout Investments Inc. now owns 364,187 shares of the aerospace company’s stock worth $31,662,000 after buying an additional 238,087 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Orbital ATK by 5.0% 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 in the last quarter. 86.52% of the stock is owned by institutional investors and hedge funds.
Shares of Orbital ATK (OA) opened at 102.33 on Monday. The stock has a market capitalization of $5.91 billion, a P/E ratio of 21.10 and a beta of -0.32. Orbital ATK has a 1-year low of $67.04 and a 1-year high of $105.09. The firm’s 50-day moving average price is $99.34 and its 200 day moving average price is $94.73.
Orbital ATK (NYSE:OA) last released its quarterly earnings results on Thursday, May 11th. The aerospace company reported $1.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.37 by $0.14. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. Orbital ATK had a net margin of 5.86% and a return on equity of 15.34%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.44 EPS. Analysts expect that Orbital ATK will post $6.04 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 22nd. Shareholders of record on Wednesday, June 7th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Monday, June 5th.
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.
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