Orbital ATK, Inc. (NYSE:OA)‘s stock had its “buy” rating reissued by research analysts at Cowen and Company in a report released on Thursday, May 11th.
The analysts wrote, “Q1 EPS missed Street, although OA affirmed C17 guidance and book/bill was very.””
OA has been the subject of several other reports. Zacks Investment Research raised Orbital ATK from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a report on Friday, March 10th. Stifel Nicolaus reduced their price target on Orbital ATK from $120.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, March 9th. SunTrust Banks, Inc. assumed coverage on Orbital ATK in a report on Thursday, January 19th. They issued a “buy” rating and a $106.00 price target for the company. Jefferies Group LLC reissued a “buy” rating and issued a $115.00 price target (up from $100.00) on shares of Orbital ATK in a report on Saturday, March 11th. Finally, Barclays PLC reissued an “overweight” rating and issued a $105.00 price target (up from $97.00) on shares of Orbital ATK in a report on Saturday, March 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $103.28.
Shares of Orbital ATK (NYSE:OA) opened at 99.50 on Thursday. Orbital ATK has a 12-month low of $67.04 and a 12-month high of $105.09. The company has a 50-day moving average of $99.27 and a 200 day moving average of $93.97. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 20.52 and a beta of -0.31.
Orbital ATK (NYSE:OA) last posted its quarterly earnings data on Thursday, May 11th. The aerospace company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by $0.14. Orbital ATK had a return on equity of 15.34% and a net margin of 5.86%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business posted $1.44 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. Analysts predict that Orbital ATK will post $6.04 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Wednesday, June 7th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.29%. The ex-dividend date is Monday, June 5th.
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In other news, insider David W. Thompson sold 5,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $104.71, for a total transaction of $523,550.00. Following the sale, the insider now owns 97,939 shares in the company, valued at $10,255,192.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harrison H. Schmitt sold 500 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $99.28, for a total value of $49,640.00. Following the sale, the director now owns 11,952 shares in the company, valued at approximately $1,186,594.56. The disclosure for this sale can be found here. Insiders have sold 16,994 shares of company stock valued at $1,738,885 in the last three months. 1.00% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. Gilder Gagnon Howe & Co. LLC boosted its stake 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 valued at $102,000 after buying an additional 35 shares during the period. Stephens Inc. AR boosted its stake in 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. First Interstate Bank boosted its stake in Orbital ATK by 8.8% in the fourth quarter. First Interstate Bank now owns 1,972 shares of the aerospace company’s stock valued at $173,000 after buying an additional 160 shares during the period. TLP Group LLC boosted its stake in Orbital ATK by 1,338.8% in the third quarter. TLP Group LLC now owns 2,446 shares of the aerospace company’s stock valued at $186,000 after buying an additional 2,276 shares during the period. Finally, WFG Advisors LP boosted its stake in Orbital ATK by 210.8% in the fourth quarter. WFG Advisors LP now owns 4,743 shares of the aerospace company’s stock valued at $195,000 after buying an additional 3,217 shares during the period. Institutional investors and hedge funds own 87.48% 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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