Orbital ATK, Inc. (OA) Insider Sells $21,800.00 in Stock
Orbital ATK, Inc. (NYSE:OA) insider Frank L. Jr. Culbertson sold 200 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $109.00, for a total value of $21,800.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Frank L. Jr. Culbertson also recently made the following trade(s):
- On Friday, August 4th, Frank L. Jr. Culbertson sold 2,002 shares of Orbital ATK stock. The stock was sold at an average price of $105.89, for a total value of $211,991.78.
- On Monday, July 17th, Frank L. Jr. Culbertson sold 200 shares of Orbital ATK stock. The stock was sold at an average price of $101.91, for a total value of $20,382.00.
Orbital ATK, Inc. (OA) traded down 0.48% during mid-day trading on Wednesday, reaching $107.23. 190,364 shares of the company’s stock were exchanged. Orbital ATK, Inc. has a one year low of $71.52 and a one year high of $110.55. The stock has a 50-day moving average of $103.02 and a 200-day moving average of $98.30. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 22.32 and a beta of -0.31.
Orbital ATK (NYSE:OA) last announced its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.56 EPS for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.11. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 EPS. On average, equities research analysts anticipate that Orbital ATK, Inc. will post $6.17 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Wednesday, September 6th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.28 dividend on an annualized basis and a yield of 1.19%.
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Several research analysts have commented on the company. Jefferies Group LLC reissued a “buy” rating and set a $122.00 target price (up previously from $115.00) on shares of Orbital ATK in a research note on Friday, August 4th. BidaskClub downgraded Orbital ATK from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Stifel Nicolaus reissued a “buy” rating on shares of Orbital ATK in a research note on Friday, August 4th. Argus raised Orbital ATK from a “hold” rating to a “buy” rating and boosted their target price for the stock from $106.58 to $120.00 in a research note on Monday. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Orbital ATK currently has a consensus rating of “Buy” and an average target price of $108.56.
A number of institutional investors have recently made changes to their positions in OA. US Bancorp DE boosted its position in shares of Orbital ATK by 5.5% in the first quarter. US Bancorp DE now owns 28,294 shares of the aerospace company’s stock worth $2,772,000 after buying an additional 1,484 shares during the period. Princeton Alpha Management LP bought a new position in shares of Orbital ATK during the first quarter worth approximately $487,000. AMG National Trust Bank boosted its position in shares of Orbital ATK by 12.1% in the first quarter. AMG National Trust Bank now owns 8,895 shares of the aerospace company’s stock worth $872,000 after buying an additional 961 shares during the period. Bbva Compass Bancshares Inc. boosted its position in shares of Orbital ATK by 18.8% in the first quarter. Bbva Compass Bancshares Inc. now owns 6,585 shares of the aerospace company’s stock worth $645,000 after buying an additional 1,044 shares during the period. Finally, Eqis Capital Management Inc. boosted its position in shares of Orbital ATK by 20.1% in the first quarter. Eqis Capital Management Inc. now owns 6,994 shares of the aerospace company’s stock worth $685,000 after buying an additional 1,170 shares during the period. 86.88% of the stock is currently owned by institutional investors and hedge funds.
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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