Shares of Orbital ATK, Inc. (NYSE:OA) have earned a consensus rating of “Buy” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $102.09.
A number of brokerages have recently weighed in on OA. Zacks Investment Research raised shares of Orbital ATK from a “sell” rating to a “hold” rating in a report on Monday. BidaskClub raised shares of Orbital ATK from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $106.00 price target on shares of Orbital ATK in a report on Monday, June 5th. Cowen and Company reaffirmed a “buy” rating on shares of Orbital ATK in a report on Thursday, May 11th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $115.00 price target on shares of Orbital ATK in a report on Wednesday, April 12th.
In other Orbital ATK news, VP Thomas E. Mccabe sold 1,922 shares of the firm’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $99.00, for a total value of $190,278.00. Following the completion of the transaction, the vice president now owns 5,539 shares of the company’s stock, valued at approximately $548,361. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christine Ann Wolf sold 5,039 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $101.54, for a total transaction of $511,660.06. The disclosure for this sale can be found here. Insiders have sold a total of 16,994 shares of company stock valued at $1,738,885 in the last ninety days. 1.20% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Orbital ATK by 17,832.1% in the first quarter. BlackRock Inc. now owns 5,090,376 shares of the aerospace company’s stock valued at $498,857,000 after buying an additional 5,061,989 shares in the last quarter. Iridian Asset Management LLC CT raised its stake in shares of Orbital ATK by 46.0% in the first quarter. Iridian Asset Management LLC CT now owns 1,802,566 shares of the aerospace company’s stock valued at $176,651,000 after buying an additional 568,164 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Orbital ATK by 48.3% in the first quarter. Clearbridge Investments LLC now owns 1,091,495 shares of the aerospace company’s stock valued at $106,967,000 after buying an additional 355,311 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Orbital ATK by 2,895.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 273,490 shares of the aerospace company’s stock valued at $23,993,000 after buying an additional 264,360 shares in the last quarter. Finally, Scout Investments Inc. raised its stake in shares of Orbital ATK by 188.8% in the first quarter. Scout Investments Inc. now owns 364,187 shares of the aerospace company’s stock valued at $31,662,000 after buying an additional 238,087 shares in the last quarter. Hedge funds and other institutional investors own 86.53% of the company’s stock.
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Shares of Orbital ATK (NYSE OA) opened at 101.88 on Tuesday. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 21.01 and a beta of -0.32. The company’s 50-day moving average price is $99.34 and its 200-day moving average price is $94.73. Orbital ATK has a one year low of $67.04 and a one year high of $105.09.
Orbital ATK (NYSE:OA) last issued its quarterly earnings results on Thursday, May 11th. The aerospace company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by $0.14. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. Orbital ATK had a return on equity of 15.34% and a net margin of 5.86%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.44 earnings per share. On average, equities research analysts predict that Orbital ATK will post $6.05 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 22nd. Investors of record on Wednesday, June 7th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, June 5th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.26%.
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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