Orbital ATK Inc. (OA) Rating Increased to Hold at Zacks Investment Research
According to Zacks, “Orbital ATK’s diverse product offering and its involvement in major development and production programs will continue to swell its order book. Orbital ATK’s ongoing R&D work will assist it to churn new products and further expand its defense and commercial market penetration. However, Orbital ATK’s reliance on third parties for raw materials, increasing cost of raw materials, supply disruptions and delay in the replacement of materials or adding raw material suppliers could have an adverse impact on its results.Further, budget deficits and political uncertainty make future defense budgets susceptible to cutbacks. This might impact Orbital ATK’s top line negatively, as it generates a significant portion of its revenues from U.S. defense establishments.”
Several other research firms also recently commented on OA. KeyCorp decreased 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 reaffirmed a buy rating and issued a $100.00 target price on shares of Orbital ATK in a research report on Friday, August 26th. Argus downgraded 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 downgraded Orbital ATK from an outperform rating to a market perform rating in a research report on Wednesday, August 10th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $98.16.
Orbital ATK (NYSE:OA) opened at 74.77 on Monday. Orbital ATK has a 12 month low of $67.04 and a 12 month high of $94.92. The firm has a 50-day moving average price of $76.00 and a 200 day moving average price of $83.51. The company has a market cap of $4.38 billion, a P/E ratio of 13.94 and a beta of 0.02.
Orbital ATK (NYSE:OA) last posted its earnings results on Wednesday, August 10th. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.32 by $0.03. Orbital ATK had a return on equity of 16.55% and a net margin of 5.94%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.13 billion. On average, equities analysts expect that Orbital ATK will post $5.50 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Wednesday, September 7th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Friday, September 2nd. Orbital ATK’s dividend payout ratio is currently 27.15%.
A number of large investors have recently modified their holdings of OA. Investment Centers of America Inc. increased its stake in shares of Orbital ATK by 9.6% in the first quarter. Investment Centers of America Inc. now owns 2,861 shares of the company’s stock worth $250,000 after buying an additional 250 shares in the last quarter. Virginia Retirement System acquired a new stake in shares of Orbital ATK during the first quarter worth $913,000. Outfitter Advisors LTD. increased its stake in shares of Orbital ATK by 0.5% in the first quarter. Outfitter Advisors LTD. now owns 55,909 shares of the company’s stock worth $4,861,000 after buying an additional 264 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Orbital ATK by 1.9% in the first quarter. IFP Advisors Inc now owns 3,082 shares of the company’s stock worth $268,000 after buying an additional 58 shares in the last quarter. Finally, Three Peaks Capital Management LLC increased its stake in shares of Orbital ATK by 42.2% in the first quarter. Three Peaks Capital Management LLC now owns 139,362 shares of the company’s stock worth $12,116,000 after buying an additional 41,390 shares in the last quarter. 85.80% of the stock is currently owned by institutional investors and hedge funds.
About Orbital ATK
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