Orbital ATK’s (OA) Hold Rating Reiterated at Cowen and Company
Orbital ATK, Inc. (NYSE:OA)‘s stock had its “hold” rating reissued by analysts at Cowen and Company in a report issued on Tuesday. They currently have a $134.50 price target on the aerospace company’s stock. Cowen and Company’s target price would suggest a potential upside of 1.57% from the company’s previous close.
Other analysts have also issued reports about the stock. TheStreet raised shares of Orbital ATK from a “c” rating to a “b” rating in a research report on Monday, August 28th. ValuEngine upgraded Orbital ATK from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub upgraded Orbital ATK from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Zacks Investment Research upgraded Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a report on Monday, July 31st. Finally, Argus upgraded Orbital ATK from a “hold” rating to a “buy” rating and increased their price objective for the stock from $106.58 to $120.00 in a report on Monday, August 14th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $117.00.
Shares of Orbital ATK (OA) traded down 0.014% on Tuesday, reaching $132.402. 1,375,444 shares of the company’s stock traded hands. The company has a 50 day moving average of $108.83 and a 200-day moving average of $101.75. Orbital ATK has a 52 week low of $71.52 and a 52 week high of $133.39. The stock has a market capitalization of $7.63 billion, a PE ratio of 27.561 and a beta of -0.34.
Orbital ATK (NYSE:OA) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. Orbital ATK had a net margin of 6.11% and a return on equity of 15.62%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the firm earned $1.35 earnings per share. The business’s quarterly revenue was up 2.9% on a year-over-year basis. Equities research analysts forecast that Orbital ATK will post $6.18 earnings per share for the current year.
In related news, insider Frank L. Jr. Culbertson sold 2,002 shares of Orbital ATK stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $105.89, for a total value of $211,991.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas E. Mccabe sold 400 shares of Orbital ATK stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $101.60, for a total value of $40,640.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,002 shares of company stock valued at $316,492. Company insiders own 1.20% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Gilder Gagnon Howe & Co. LLC increased its position in 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 purchasing an additional 35 shares during the period. CENTRAL TRUST Co increased its position in 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 purchasing an additional 100 shares during the period. Stephens Inc. AR increased its position in 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 purchasing an additional 72 shares during the period. Meeder Asset Management Inc. acquired a new stake in Orbital ATK in the second quarter worth about $128,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 purchasing an additional 413 shares during the period. 85.39% of the stock is owned by institutional investors and hedge funds.
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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