Orbital ATK, Inc. to Issue Quarterly Dividend of $0.32 (NYSE:OA)
Orbital ATK, Inc. (NYSE:OA) declared a quarterly dividend on Friday, August 11th, Wall Street Journal reports. Shareholders of record on Wednesday, September 6th will be given a dividend of 0.32 per share by the aerospace company on Thursday, September 21st. This represents a $1.28 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Friday, September 1st.
Orbital ATK has a dividend payout ratio of 20.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Orbital ATK to earn $6.67 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 19.2%.
Orbital ATK (OA) traded up 0.70% on Friday, reaching $106.58. The company’s stock had a trading volume of 215,057 shares. The firm’s 50-day moving average price is $101.93 and its 200 day moving average price is $97.67. The company has a market cap of $6.14 billion, a P/E ratio of 22.19 and a beta of -0.31. Orbital ATK has a 52-week low of $71.52 and a 52-week high of $107.45.
Orbital ATK (NYSE:OA) last issued its quarterly earnings data 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 firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 EPS. Equities analysts anticipate that Orbital ATK will post $6.16 EPS for the current fiscal year.
In other Orbital ATK news, VP Christine Ann Wolf sold 5,039 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $101.54, for a total transaction of $511,660.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frank L. Jr. Culbertson sold 2,002 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $105.89, for a total value of $211,991.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,674 shares of company stock valued at $1,722,611. 1.20% of the stock is currently owned by corporate insiders.
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A number of brokerages have commented on OA. Zacks Investment Research lowered Orbital ATK from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th. Cowen and Company reissued a “buy” rating on shares of Orbital ATK in a report on Thursday, May 11th. BidaskClub lowered Orbital ATK from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $106.00 price objective on shares of Orbital ATK in a report on Monday, June 5th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Orbital ATK in a report on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $104.68.
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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