Orbital ATK, Inc. (OA) Receives Consensus Recommendation of “Hold” from Analysts
Orbital ATK, Inc. (NYSE:OA) has received an average rating of “Hold” from the fourteen ratings firms that are covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $116.00.
A number of research analysts have commented on OA shares. SunTrust Banks, Inc. lowered Orbital ATK from a “buy” rating to a “hold” rating and set a $106.00 price target for the company. in a research report on Tuesday, September 19th. Zacks Investment Research raised Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $122.00 price target (up previously from $115.00) on shares of Orbital ATK in a research report on Friday, August 4th. Wells Fargo & Company lowered Orbital ATK from an “outperform” rating to a “market perform” rating in a research report on Friday, October 6th. Finally, CL King lowered Orbital ATK from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 19th.
In related news, VP Thomas E. Mccabe sold 400 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $101.60, for a total value of $40,640.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Frank L. Jr. Culbertson sold 2,002 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $105.89, for a total value of $211,991.78. The disclosure for this sale can be found here. Insiders have sold a total of 2,802 shares of company stock worth $296,110 in the last quarter. Company insiders own 1.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of OA. CENTRAL TRUST Co grew its stake in shares of Orbital ATK by 9.6% in the 2nd 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. Meeder Asset Management Inc. purchased a new stake in shares of Orbital ATK in the 2nd quarter worth approximately $128,000. ETF Managers Group LLC purchased a new stake in shares of Orbital ATK in the 2nd quarter worth approximately $228,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Orbital ATK by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,394 shares of the aerospace company’s stock worth $235,000 after buying an additional 187 shares during the last quarter. Finally, LS Investment Advisors LLC grew its stake in shares of Orbital ATK by 37.8% in the 2nd quarter. LS Investment Advisors LLC now owns 2,462 shares of the aerospace company’s stock worth $242,000 after buying an additional 675 shares during the last quarter. Institutional investors own 85.42% of the company’s stock.
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Shares of Orbital ATK (NYSE OA) opened at 133.28 on Wednesday. The company’s 50-day moving average price is $123.25 and its 200 day moving average price is $106.23. Orbital ATK has a 1-year low of $72.06 and a 1-year high of $134.59. The firm has a market cap of $7.68 billion, a PE ratio of 27.74 and a beta of -0.30.
Orbital ATK (NYSE:OA) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. Orbital ATK’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.35 EPS. On average, analysts predict that Orbital ATK will post $6.18 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Wednesday, September 6th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, September 1st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.96%.
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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