Orbital ATK Inc. (OA) Trading Up 2.5%
Orbital ATK Inc. (NYSE:OA) was up 2.5% during mid-day trading on Thursday . The company traded as high as $77.32 and last traded at $77.28, with a volume of 376,029 shares trading hands. The stock had previously closed at $75.43.
A number of equities research analysts recently issued reports on OA shares. KeyCorp dropped their target price on Orbital ATK from $106.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, August 11th. Jefferies Group reissued a “buy” rating and issued a $100.00 target price on shares of Orbital ATK in a research report on Friday, August 26th. Argus lowered Orbital ATK from a “buy” rating to a “hold” rating and set a $91.75 target price on the stock. in a research report on Tuesday, August 23rd. Wells Fargo & Co. raised Orbital ATK from a “market perform” rating to an “outperform” rating in a research report on Tuesday, August 23rd. Finally, Cowen and Company lowered Orbital ATK from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 10th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $98.16.
The stock’s 50 day moving average is $80.82 and its 200-day moving average is $84.32. The stock has a market capitalization of $4.56 billion and a price-to-earnings ratio of 14.52.
Orbital ATK (NYSE:OA) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.03. The firm earned $1.05 billion during the quarter, compared to the consensus estimate of $1.13 billion. Analysts predict that Orbital ATK Inc. will post $5.50 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Wednesday, September 7th will be issued a $0.30 dividend. The ex-dividend date is Friday, September 2nd. This represents a $1.20 annualized dividend and a yield of 1.54%.
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 Securities and Exchange Commission (SEC). The institutional investor 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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