Orbital ATK, Inc. (NYSE:OA) VP Thomas E. Mccabe sold 400 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $101.60, for a total transaction of $40,640.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Orbital ATK, Inc. (NYSE OA) traded down 0.48% during trading on Friday, hitting $105.11. 183,373 shares of the stock traded hands. The stock has a market cap of $6.06 billion, a P/E ratio of 21.88 and a beta of -0.31. Orbital ATK, Inc. has a 12 month low of $71.52 and a 12 month high of $110.55. The firm’s 50-day moving average is $103.46 and its 200-day moving average is $98.48.
Orbital ATK (NYSE:OA) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.11. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the company earned $1.35 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts forecast that Orbital ATK, Inc. will post $6.17 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Wednesday, September 6th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Friday, September 1st.
A number of research firms have commented on OA. Jefferies Group LLC reissued a “buy” rating and set a $122.00 target price (up previously from $115.00) on shares of Orbital ATK in a research report on Friday, August 4th. BidaskClub cut shares of Orbital ATK from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Argus upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and raised their price target for the company from $106.58 to $120.00 in a report on Monday, August 14th. They noted that the move was a valuation call. Stifel Nicolaus restated a “buy” rating on shares of Orbital ATK in a report on Friday, August 4th. Finally, Zacks Investment Research upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Orbital ATK currently has a consensus rating of “Buy” and a consensus target price of $108.56.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Princeton Alpha Management LP acquired a new position in Orbital ATK during the first quarter valued at about $487,000. AMG National Trust Bank boosted its position in Orbital ATK by 12.1% in the first quarter. AMG National Trust Bank now owns 8,895 shares of the aerospace company’s stock valued at $872,000 after buying an additional 961 shares during the last quarter. Bbva Compass Bancshares Inc. boosted its position in Orbital ATK by 18.8% in the first quarter. Bbva Compass Bancshares Inc. now owns 6,585 shares of the aerospace company’s stock valued at $645,000 after buying an additional 1,044 shares during the last quarter. Eqis Capital Management Inc. boosted its position in Orbital ATK by 20.1% in the first quarter. Eqis Capital Management Inc. now owns 6,994 shares of the aerospace company’s stock valued at $685,000 after buying an additional 1,170 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in Orbital ATK by 2.5% in the first quarter. Great West Life Assurance Co. Can now owns 33,891 shares of the aerospace company’s stock valued at $3,317,000 after buying an additional 824 shares during the last quarter. Hedge funds and other institutional investors own 86.88% of the company’s stock.
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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