Orbital ATK Sees Unusually High Options Volume (OA)

Orbital ATK Inc (NYSE:OA) was the target of unusually large options trading activity on Thursday. Traders purchased 1,791 call options on the company. This is an increase of 2,885% compared to the average daily volume of 60 call options.

OA has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Orbital ATK from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. FIG Partners raised shares of Orbital ATK to a “market perform” rating in a research report on Wednesday, January 24th. ValuEngine raised shares of Orbital ATK from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. TheStreet lowered shares of Orbital ATK from a “b” rating to a “c” rating in a research report on Wednesday, December 27th. Finally, Cowen restated a “hold” rating and issued a $134.50 price objective on shares of Orbital ATK in a report on Wednesday, November 22nd. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Orbital ATK currently has an average rating of “Hold” and a consensus target price of $123.56.

Orbital ATK (OA) opened at $131.04 on Friday. Orbital ATK has a twelve month low of $87.41 and a twelve month high of $134.59. The company has a market capitalization of $7,569.56, a P/E ratio of 24.36, a P/E/G ratio of 2.17 and a beta of -0.27. The company has a quick ratio of 1.66, a current ratio of 1.87 and a debt-to-equity ratio of 0.66.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $1.28 dividend on an annualized basis and a yield of 0.98%. Orbital ATK’s dividend payout ratio is currently 23.79%.

In other news, Director Harrison H. Schmitt sold 1,500 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. acquired a new position in Orbital ATK in the fourth quarter worth approximately $102,000. Cerebellum GP LLC acquired a new position in Orbital ATK in the fourth quarter worth approximately $127,000. Front Row Advisors LLC acquired a new position in Orbital ATK in the fourth quarter worth approximately $132,000. Tower Research Capital LLC TRC acquired a new position in Orbital ATK in the fourth quarter worth approximately $189,000. Finally, LMR Partners LLP acquired a new position in Orbital ATK in the third quarter worth approximately $201,000. Hedge funds and other institutional investors own 85.48% of the company’s stock.

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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.

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