Orbital ATK Inc. (OA) Shares Gap Up to $74.48
Orbital ATK Inc. (NYSE:OA)’s share price gapped up prior to trading 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.
Several equities research analysts have commented on the stock. Argus reissued a “buy” rating on shares of Orbital ATK in a research report on Wednesday, May 25th. Zacks Investment Research cut shares of Orbital ATK from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st. TheStreet cut shares of Orbital ATK to a “hold” rating in a research report on Thursday, May 26th. Cowen and Company cut shares of Orbital ATK from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 10th. Finally, Jefferies Group reissued a “buy” rating on shares of Orbital ATK in a research report on Friday, August 5th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $97.98.
The company has a market cap of $4.45 billion and a PE ratio of 14.1445. The firm’s 50-day moving average is $82.51 and its 200-day moving average is $84.73.
Orbital ATK (NYSE:OA) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.13 billion. Equities analysts anticipate that Orbital ATK Inc. will post $5.50 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Wednesday, September 7th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, September 2nd.
In related news, EVP Frank L. Jr. Culbertson sold 550 shares of the business’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $88.76, for a total transaction of $48,818.00. Following the transaction, the executive vice president now directly owns 26,002 shares in the company, valued at $2,307,937.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
A hedge fund recently raised its stake in Orbital ATK stock. I.G. Investment Management LTD. boosted its stake in Orbital ATK Inc. (NYSE:OA) by 6.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.
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