Orbital ATK, Inc. (OA) Stock Rating Reaffirmed by Stifel Nicolaus
Orbital ATK, Inc. (NYSE:OA)‘s stock had its “buy” rating restated by research analysts at Stifel Nicolaus in a report issued on Thursday.
OA has been the subject of several other reports. Cowen and Company reissued a “hold” rating and issued a $134.50 price objective on shares of Orbital ATK in a research report on Tuesday. Zacks Investment Research raised shares of Orbital ATK from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Argus cut shares of Orbital ATK from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub raised shares of Orbital ATK from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $106.00 price target on shares of Orbital ATK in a research report on Monday, June 5th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Orbital ATK has a consensus rating of “Buy” and a consensus price target of $117.00.
Orbital ATK (NYSE OA) opened at 132.64 on Thursday. The firm’s 50 day moving average is $108.83 and its 200-day moving average is $101.75. The company has a market cap of $7.64 billion, a P/E ratio of 27.61 and a beta of -0.34. Orbital ATK has a 52 week low of $71.52 and a 52 week high of $133.39.
Orbital ATK (NYSE:OA) last released its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 15.62%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.35 EPS. On average, analysts predict that Orbital ATK will post $6.18 earnings per share for the current fiscal year.
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In related news, VP Thomas E. Mccabe sold 400 shares of the business’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frank L. Jr. Culbertson sold 2,002 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was 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. In the last quarter, insiders have sold 3,002 shares of company stock valued at $316,492. 1.20% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gilder Gagnon Howe & Co. LLC raised its stake in shares of Orbital ATK by 3.5% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 1,037 shares of the aerospace company’s stock worth $102,000 after acquiring an additional 35 shares in the last quarter. CENTRAL TRUST Co raised its stake in shares of Orbital ATK by 9.6% during the 2nd quarter. CENTRAL TRUST Co now owns 1,143 shares of the aerospace company’s stock worth $112,000 after acquiring an additional 100 shares in the last quarter. Stephens Inc. AR raised its stake in shares of Orbital ATK by 6.1% during the 1st quarter. Stephens Inc. AR now owns 1,253 shares of the aerospace company’s stock worth $123,000 after acquiring an additional 72 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Orbital ATK during the 2nd quarter worth approximately $128,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Orbital ATK by 23.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,207 shares of the aerospace company’s stock worth $216,000 after acquiring an additional 413 shares in the last quarter. Hedge funds and other institutional investors own 85.39% of the company’s stock.
About Orbital ATK
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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