Orbital ATK, Inc. (OA) Cut to “Hold” at Stifel Nicolaus

Stifel Nicolaus downgraded shares of Orbital ATK, Inc. (NYSE:OA) from a buy rating to a hold rating in a research note released on Tuesday morning. The firm currently has $134.50 price objective on the aerospace company’s stock, up from their prior price objective of $120.00.

Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Orbital ATK from a hold rating to a sell rating in a report on Tuesday, July 11th. TheStreet upgraded shares of Orbital ATK from a c rating to a b rating in a report on Monday, August 28th. BidaskClub upgraded shares of Orbital ATK from a hold rating to a buy rating in a report on Saturday, July 8th. ValuEngine upgraded shares of Orbital ATK from a hold rating to a buy rating in a report on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) reiterated a neutral rating and set a $106.00 price target on shares of Orbital ATK in a report on Monday, June 5th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $117.00.

Shares of Orbital ATK (NYSE:OA) opened at 132.40 on Tuesday. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 27.56 and a beta of -0.34. Orbital ATK has a 52-week low of $71.52 and a 52-week high of $133.39. The firm’s 50-day moving average is $108.83 and its 200 day moving average is $101.75.

Orbital ATK (NYSE:OA) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. Orbital ATK had a net margin of 6.11% and a return on equity of 15.62%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm posted $1.35 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. Equities analysts expect that Orbital ATK will post $6.18 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Wednesday, September 6th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.28 annualized dividend and a yield of 0.97%.

In other news, VP Thomas E. Mccabe sold 400 shares of the company’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 value of $40,640.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frank L. Jr. Culbertson sold 2,002 shares of the company’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. Over the last three months, insiders sold 3,002 shares of company stock valued at $316,492. 1.20% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in OA. BlackRock Inc. lifted its position in shares of Orbital ATK by 17,832.1% in the 1st quarter. BlackRock Inc. now owns 5,090,376 shares of the aerospace company’s stock worth $498,857,000 after purchasing an additional 5,061,989 shares during the period. LSV Asset Management lifted its position in shares of Orbital ATK by 5,651.1% in the 2nd quarter. LSV Asset Management now owns 1,409,015 shares of the aerospace company’s stock worth $138,590,000 after purchasing an additional 1,384,515 shares during the period. Clearbridge Investments LLC lifted its position in shares of Orbital ATK by 48.3% in the 1st quarter. Clearbridge Investments LLC now owns 1,091,495 shares of the aerospace company’s stock worth $106,967,000 after purchasing an additional 355,311 shares during the period. Martingale Asset Management L P lifted its position in shares of Orbital ATK by 4,908.9% in the 2nd quarter. Martingale Asset Management L P now owns 245,437 shares of the aerospace company’s stock worth $24,143,000 after purchasing an additional 240,537 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Orbital ATK by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 4,752,439 shares of the aerospace company’s stock worth $465,739,000 after purchasing an additional 227,516 shares during the period. 85.39% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Orbital ATK (NYSE:OA)

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