Orbital ATK Inc. (OA) Sees Unusually-High Trading Volume
Orbital ATK Inc. (NYSE:OA) shares saw an uptick in trading volume on Tuesday . 553,517 shares changed hands during trading, a decline of 8% from the previous session’s volume of 603,485 shares.The stock last traded at $86.71 and had previously closed at $86.15.
A number of brokerages recently commented on OA. Zacks Investment Research raised Orbital ATK from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research note on Wednesday, July 13th. TheStreet cut Orbital ATK to a “hold” rating in a research note on Thursday, May 26th. Argus reaffirmed a “buy” rating on shares of Orbital ATK in a research note on Wednesday, May 25th. Jefferies Group reiterated a “buy” rating on shares of Orbital ATK in a report on Sunday, May 8th. Finally, Goldman Sachs Group Inc. lifted their target price on Orbital ATK from $103.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, April 12th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $100.30.
The company has a market cap of $5.13 billion and a price-to-earnings ratio of 16.33. The stock has a 50 day moving average of $86.83 and a 200-day moving average of $86.00.
Orbital ATK (NYSE:OA) last posted its quarterly earnings data on Thursday, May 5th. The company reported $1.31 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.31. During the same quarter in the previous year, the company earned $1.14 earnings per share. The company earned $1.07 billion during the quarter, compared to analyst estimates of $1.14 billion. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts expect that Orbital ATK Inc. will post $5.54 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 23rd. Investors of record on Wednesday, June 8th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, June 6th. This represents a $1.20 dividend on an annualized basis and a yield of 1.37%.
In other Orbital ATK news, EVP Frank L. Jr. Culbertson sold 550 shares of the stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $88.76, for a total transaction of $48,818.00. Following the completion of the sale, the executive vice president now directly owns 26,002 shares in the company, valued at approximately $2,307,937.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David W. Thompson sold 5,000 shares of the stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $87.02, for a total value of $435,100.00. Following the sale, the chief executive officer now owns 102,255 shares of the company’s stock, valued at $8,898,230.10. The disclosure for this sale can be found here.
A number of hedge funds have modified their holdings of OA. Employees Retirement System of Texas increased its stake in shares of Orbital ATK by 45.2% in the fourth quarter. Employees Retirement System of Texas now owns 106,000 shares of the company’s stock worth $9,470,000 after buying an additional 33,000 shares during the last quarter. Foresters Investment Management Company Inc. increased its stake in shares of Orbital ATK by 47.3% in the fourth quarter. Foresters Investment Management Company Inc. now owns 149,500 shares of the company’s stock worth $13,356,000 after buying an additional 48,000 shares during the last quarter. Stephens Investment Management Group LLC acquired a new stake in shares of Orbital ATK during the fourth quarter worth $21,970,000. I.G. Investment Management LTD. increased its stake in shares of Orbital ATK by 6.2% in the fourth quarter. I.G. Investment Management LTD. now owns 26,570 shares of the company’s stock worth $2,374,000 after buying an additional 1,554 shares during the last quarter. Finally, WBI Investments Inc. acquired a new stake in shares of Orbital ATK during the fourth quarter worth $1,591,000.
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