Orbital ATK, Inc. (OA) Earns “Buy” Rating from Stifel Nicolaus
A number of other research firms have also recently commented on OA. Zacks Investment Research upgraded shares of Orbital ATK from a hold rating to a buy rating and set a $115.00 target price for the company in a research note on Monday, July 31st. Jefferies Group LLC reiterated a buy rating and issued a $122.00 target price on shares of Orbital ATK in a research note on Friday. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and issued a $106.00 target price on shares of Orbital ATK in a research note on Monday, June 5th. Cowen and Company reiterated a buy rating on shares of Orbital ATK in a research note on Thursday, May 11th. Finally, BidaskClub cut shares of Orbital ATK from a buy rating to a hold rating in a research note on Monday, July 31st. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $104.68.
Orbital ATK (NYSE OA) opened at 106.56 on Friday. Orbital ATK has a 12 month low of $67.04 and a 12 month high of $107.15. The company’s 50-day moving average is $100.78 and its 200-day moving average is $96.97. The company has a market cap of $6.15 billion, a P/E ratio of 21.97 and a beta of -0.31.
Orbital ATK (NYSE:OA) last released its earnings results on Thursday, August 3rd. The aerospace company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Orbital ATK had a net margin of 6.11% and a return on equity of 15.86%. Orbital ATK’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the business earned $1.35 EPS. On average, equities research analysts expect that Orbital ATK will post $6.06 EPS for the current fiscal year.
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In other news, Director Harrison H. Schmitt sold 500 shares of Orbital ATK stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $99.28, for a total transaction of $49,640.00. Following the completion of the transaction, the director now directly owns 11,952 shares of the company’s stock, valued at approximately $1,186,594.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Thomas E. Mccabe sold 400 shares of Orbital ATK stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $101.60, for a total transaction of $40,640.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,672 shares of company stock valued at $1,510,619. Company insiders own 1.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Gilder Gagnon Howe & Co. LLC raised its position in Orbital ATK by 3.5% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,037 shares of the aerospace company’s stock valued at $102,000 after buying an additional 35 shares during the period. CENTRAL TRUST Co raised its position in Orbital ATK by 9.6% in the second quarter. CENTRAL TRUST Co now owns 1,143 shares of the aerospace company’s stock valued at $112,000 after buying an additional 100 shares during the period. Stephens Inc. AR raised its position in Orbital ATK by 6.1% in the first quarter. Stephens Inc. AR now owns 1,253 shares of the aerospace company’s stock valued at $123,000 after buying an additional 72 shares during the period. Meeder Asset Management Inc. purchased a new position in Orbital ATK during the second quarter valued at $128,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Orbital ATK by 23.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,207 shares of the aerospace company’s stock valued at $216,000 after buying an additional 413 shares during the period. 86.42% of the stock is owned by hedge funds and other institutional investors.
Orbital ATK Company Profile
Orbital ATK, Inc is an aerospace and defense systems company and supplier of related products to the United States Government, allied nations, prime contractors and other customers. The Company’s segments include Flight Systems Group, Defense Systems Group, Space Systems Group and Corporate. Its products include launch vehicles and related propulsion systems; satellites and associated components and services; tactical missiles, subsystems and defense electronics, and precision weapons, armament systems and ammunition.
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