Orbital ATK Inc. (OA) Shares Gap Up to $74.48
Orbital ATK Inc. (NYSE:OA) shares gapped up before the market opened on Tuesday . The stock had previously closed at $74.29, but opened at $74.48. Orbital ATK shares last traded at $75.45, with a volume of 625,431 shares trading hands.
A number of analysts have issued reports on the stock. Jefferies Group reiterated a “buy” rating on shares of Orbital ATK in a research note on Friday, August 5th. Wells Fargo & Co. upgraded shares of Orbital ATK from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Zacks Investment Research cut shares of Orbital ATK from a “buy” rating to a “hold” rating in a research note on Thursday, July 21st. Argus cut shares of Orbital ATK from a “buy” rating to a “hold” rating and set a $91.75 target price for the company. in a research note on Tuesday. Finally, KeyCorp reduced their target price on shares of Orbital ATK from $106.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, August 11th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Orbital ATK has a consensus rating of “Buy” and a consensus price target of $97.98.
The company’s 50-day moving average is $82.74 and its 200-day moving average is $84.80. The company has a market capitalization of $4.46 billion and a PE ratio of 14.17.
Orbital ATK (NYSE:OA) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.03. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.13 billion. On average, equities analysts predict that Orbital ATK Inc. will post $5.51 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Wednesday, September 7th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, September 2nd. This represents a $1.20 annualized dividend and a dividend yield of 1.58%.
In other news, EVP Frank L. Jr. Culbertson sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $88.76, for a total transaction of $48,818.00. Following the completion of the transaction, the executive vice president now directly owns 26,002 shares of the company’s stock, valued at approximately $2,307,937.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
An institutional investor recently raised its position in Orbital ATK stock. I.G. Investment Management LTD. raised its stake in shares of Orbital ATK Inc. (NYSE:OA) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,570 shares of the company’s stock after buying an additional 1,554 shares during the period. I.G. Investment Management LTD.’s holdings in Orbital ATK were worth $2,374,000 as of its most recent filing with the SEC.
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