Orbital ATK, Inc. (OA) Sees Strong Trading Volume
Orbital ATK, Inc. (NYSE:OA) saw unusually-high trading volume on Monday . Approximately 7,339,860 shares were traded during trading, an increase of 2,792% from the previous session’s volume of 253,791 shares.The stock last traded at $132.25 and had previously closed at $110.04.
OA has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Orbital ATK from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. TheStreet raised shares of Orbital ATK from a “c” rating to a “b” rating in a research note on Monday, August 28th. BidaskClub raised shares of Orbital ATK from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. ValuEngine raised shares of Orbital ATK from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $106.00 price target on shares of Orbital ATK in a research note on Monday, June 5th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $108.56.
The company has a market capitalization of $7.62 billion, a P/E ratio of 27.53 and a beta of -0.34. The firm has a 50 day moving average of $107.12 and a 200-day moving average of $101.09.
Orbital ATK (NYSE:OA) last released its earnings results on Thursday, August 3rd. The aerospace company reported $1.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.11. The firm 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 15.62%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.35 EPS. On average, analysts forecast that Orbital ATK, Inc. will post $6.17 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Wednesday, September 6th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Friday, September 1st.
In other news, VP Thomas E. Mccabe sold 400 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $101.60, for a total value of $40,640.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $211,991.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,802 shares of company stock valued at $294,814. Corporate insiders own 1.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in OA. Great West Life Assurance Co. Can raised its stake in shares of Orbital ATK by 2.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 33,891 shares of the aerospace company’s stock valued at $3,317,000 after buying an additional 824 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Orbital ATK by 4.2% in the 1st quarter. Bank of New York Mellon Corp now owns 691,229 shares of the aerospace company’s stock valued at $67,739,000 after buying an additional 27,571 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Orbital ATK by 23.0% in the 1st 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 in the last quarter. World Asset Management Inc raised its stake in shares of Orbital ATK by 0.9% in the 1st quarter. World Asset Management Inc now owns 2,763 shares of the aerospace company’s stock valued at $271,000 after buying an additional 26 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Orbital ATK by 17.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 22,185 shares of the aerospace company’s stock valued at $2,174,000 after buying an additional 3,280 shares in the last quarter. Institutional investors own 85.39% of the company’s stock.
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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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