Orbital ATK, Inc. (OA) Receives Average Rating of “Buy” from Analysts
Shares of Orbital ATK, Inc. (NYSE:OA) have received a consensus rating of “Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $112.00.
Several analysts recently commented on OA shares. Zacks Investment Research downgraded shares of Orbital ATK from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. BidaskClub raised shares of Orbital ATK from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Cowen and Company reaffirmed a “buy” rating on shares of Orbital ATK in a report on Thursday, May 11th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $106.00 target price on shares of Orbital ATK in a report on Monday, June 5th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Orbital ATK in a report on Friday, August 4th.
Orbital ATK (NYSE OA) opened at 107.35 on Tuesday. Orbital ATK has a 52-week low of $71.52 and a 52-week high of $110.55. The firm has a 50-day moving average price of $104.27 and a 200 day moving average price of $99.16. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 22.35 and a beta of -0.31.
Orbital ATK (NYSE:OA) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. Orbital ATK had a net margin of 6.11% and a return on equity of 15.62%. Orbital ATK’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.35 EPS. On average, equities research analysts predict that Orbital ATK will post $6.17 EPS for the current year.
The firm also recently disclosed 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. This represents a $1.28 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, September 1st.
In other Orbital ATK news, Director Harrison H. Schmitt sold 500 shares of Orbital ATK stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $99.28, for a total value of $49,640.00. Following the completion of the sale, the director now owns 11,952 shares in the company, valued at approximately $1,186,594.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas E. Mccabe sold 400 shares of Orbital ATK stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $101.60, for a total transaction of $40,640.00. The disclosure for this sale can be found here. Insiders sold a total of 16,874 shares of company stock valued at $1,744,411 in the last quarter. Corporate insiders own 1.20% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Orbital ATK by 3.5% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,037 shares of the aerospace company’s stock valued at $102,000 after buying an additional 35 shares during the period. CENTRAL TRUST Co boosted its stake in shares of Orbital ATK by 9.6% in the second quarter. CENTRAL TRUST Co now owns 1,143 shares of the aerospace company’s stock valued at $112,000 after buying an additional 100 shares during the period. Stephens Inc. AR boosted its stake in shares of Orbital ATK by 6.1% in the first quarter. Stephens Inc. AR now owns 1,253 shares of the aerospace company’s stock valued at $123,000 after buying an additional 72 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Orbital ATK during the second quarter valued at $128,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Orbital ATK by 23.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,207 shares of the aerospace company’s stock valued at $216,000 after buying an additional 413 shares during the period. Institutional investors and hedge funds own 85.39% of the company’s stock.
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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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