Orbital ATK Inc (OA) Director Harrison H. Schmitt Sells 1,500 Shares

Orbital ATK Inc (NYSE:OA) Director Harrison H. Schmitt sold 1,500 shares of Orbital ATK stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $131.60, for a total value of $197,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Orbital ATK Inc (OA) traded down $0.08 during mid-day trading on Wednesday, reaching $131.69. The company had a trading volume of 220,331 shares, compared to its average volume of 331,000. The firm has a market capitalization of $7,600.00, a PE ratio of 24.39, a PEG ratio of 2.17 and a beta of 0.43. Orbital ATK Inc has a 52-week low of $85.51 and a 52-week high of $134.59. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.66 and a current ratio of 1.87.

Orbital ATK (NYSE:OA) last issued its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.19. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Orbital ATK had a return on equity of 17.32% and a net margin of 6.62%. Orbital ATK’s revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.15 earnings per share. sell-side analysts anticipate that Orbital ATK Inc will post 6.25 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. LMR Partners LLP acquired a new position in Orbital ATK during the third quarter worth $201,000. Cadence Capital Management LLC acquired a new position in shares of Orbital ATK in the third quarter worth $204,000. ETF Managers Group LLC acquired a new position in shares of Orbital ATK in the second quarter worth $228,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Orbital ATK by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,394 shares of the aerospace company’s stock worth $235,000 after acquiring an additional 187 shares during the last quarter. Finally, HL Financial Services LLC acquired a new position in shares of Orbital ATK in the third quarter worth $238,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on OA shares. Zacks Investment Research upgraded Orbital ATK from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Tuesday, October 3rd. Wells Fargo & Co downgraded Orbital ATK from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. Jefferies Group downgraded Orbital ATK from a “buy” rating to a “hold” rating and lifted their price target for the company from $122.00 to $134.50 in a research note on Thursday, October 5th. Cowen restated a “hold” rating and issued a $134.50 price target on shares of Orbital ATK in a research note on Wednesday, November 22nd. Finally, CL King downgraded Orbital ATK from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 19th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $123.56.

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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.

Insider Buying and Selling by Quarter for Orbital ATK (NYSE:OA)

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