Frank L. Jr. Culbertson Sells 200 Shares of Orbital ATK, Inc. (NYSE:OA) Stock

Orbital ATK, Inc. (NYSE:OA) insider Frank L. Jr. Culbertson sold 200 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $101.91, for a total value of $20,382.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Orbital ATK, Inc. (OA) traded up 0.24% during midday trading on Thursday, reaching $102.64. The company had a trading volume of 20,580 shares. The stock’s 50 day moving average price is $100.20 and its 200-day moving average price is $96.10. Orbital ATK, Inc. has a one year low of $67.04 and a one year high of $105.09. The firm has a market capitalization of $5.92 billion, a P/E ratio of 21.16 and a beta of -0.32.

Orbital ATK (NYSE:OA) last announced its quarterly earnings results on Thursday, May 11th. The aerospace company reported $1.23 EPS for the quarter, missing the Zacks’ consensus estimate of $1.37 by $0.14. Orbital ATK had a net margin of 5.86% and a return on equity of 15.34%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company posted $1.44 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that Orbital ATK, Inc. will post $6.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 22nd. Investors of record on Wednesday, June 7th were paid a $0.32 dividend. The ex-dividend date was Monday, June 5th. This represents a $1.28 dividend on an annualized basis and a yield of 1.25%.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. State Treasurer State of Michigan raised its position in shares of Orbital ATK by 1.7% in the second quarter. State Treasurer State of Michigan now owns 23,800 shares of the aerospace company’s stock worth $2,341,000 after buying an additional 400 shares during the last quarter. First Quadrant L P CA raised its position in shares of Orbital ATK by 0.5% in the second quarter. First Quadrant L P CA now owns 12,061 shares of the aerospace company’s stock worth $1,186,000 after buying an additional 61 shares during the last quarter. Aperio Group LLC raised its position in shares of Orbital ATK by 32.6% in the second quarter. Aperio Group LLC now owns 16,008 shares of the aerospace company’s stock worth $1,575,000 after buying an additional 3,934 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Orbital ATK by 4.1% in the second quarter. Louisiana State Employees Retirement System now owns 15,100 shares of the aerospace company’s stock worth $1,485,000 after buying an additional 600 shares during the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of Orbital ATK by 37.8% in the second quarter. LS Investment Advisors LLC now owns 2,462 shares of the aerospace company’s stock worth $242,000 after buying an additional 675 shares during the last quarter. Hedge funds and other institutional investors own 86.53% of the company’s stock.

OA has been the topic of several analyst reports. Zacks Investment Research raised shares of Orbital ATK from a “sell” rating to a “hold” rating in a research report on Monday. BidaskClub raised Orbital ATK from a “hold” rating to a “buy” rating in a research 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 research report on Monday, June 5th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $115.00 price target on shares of Orbital ATK in a research report on Wednesday, April 12th. Finally, Cowen and Company reaffirmed a “buy” rating on shares of Orbital ATK in a research report on Thursday, May 11th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $103.28.

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.

Insider Buying and Selling by Quarter for Orbital ATK (NYSE:OA)

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