Orbital ATK, Inc. (OA) Lifted to “B” at TheStreet
Orbital ATK, Inc. (NYSE:OA) was upgraded by TheStreet from a “c” rating to a “b” rating in a research report issued to clients and investors on Monday.
Several other brokerages have also weighed in on OA. Argus raised shares of Orbital ATK from a “hold” rating to a “buy” rating and increased their price objective for the company from $106.58 to $120.00 in a research report on Monday, August 14th. They noted that the move was a valuation call. Stifel Nicolaus reissued a “buy” rating on shares of Orbital ATK in a research report on Friday, August 4th. Jefferies Group LLC reissued a “buy” rating and issued a $122.00 price objective (up from $115.00) on shares of Orbital ATK in a research report on Friday, August 4th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $106.00 price objective on shares of Orbital ATK in a research report on Monday, June 5th. Finally, Zacks Investment Research raised shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Monday, July 31st. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $108.56.
Shares of Orbital ATK (NYSE OA) traded up 1.72% during mid-day trading on Monday, reaching $110.80. 252,325 shares of the company were exchanged. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 23.06 and a beta of -0.31. The firm’s 50-day moving average is $104.27 and its 200-day moving average is $99.16. Orbital ATK has a 12 month low of $71.52 and a 12 month high of $110.87.
Orbital ATK (NYSE:OA) last issued its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.11. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. Orbital ATK had a net margin of 6.11% and a return on equity of 15.62%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 earnings per share. On average, equities analysts forecast that Orbital ATK will post $6.17 earnings per share for the current fiscal year.
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In other Orbital ATK news, VP Thomas E. Mccabe sold 400 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $101.60, for a total transaction of $40,640.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Frank L. Jr. Culbertson sold 2,002 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $105.89, for a total transaction of $211,991.78. The disclosure for this sale can be found here. Insiders have sold 11,835 shares of company stock worth $1,232,751 over the last quarter. Corporate insiders own 1.20% of the company’s stock.
A number of large investors have recently made changes to their positions in OA. Gilder Gagnon Howe & Co. LLC increased 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 worth $102,000 after buying an additional 35 shares during the last quarter. CENTRAL TRUST Co increased 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 worth $112,000 after buying an additional 100 shares during the last quarter. Stephens Inc. AR increased 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 worth $123,000 after buying an additional 72 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Orbital ATK during the second quarter worth about $128,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased 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 worth $216,000 after buying an additional 413 shares during the last quarter. Hedge funds and other institutional investors own 85.39% of the company’s stock.
About Orbital ATK
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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