Shares of Orbital ATK (NYSE:OA) have been assigned an average rating of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $125.80.
Several analysts recently issued reports on OA shares. Zacks Investment Research upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a research report on Wednesday, January 3rd. ValuEngine raised shares of Orbital ATK from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. TheStreet downgraded shares of Orbital ATK from a “b” rating to a “c” rating in a research note on Wednesday, December 27th. Finally, FIG Partners raised shares of Orbital ATK to a “market perform” rating in a research note on Wednesday, January 24th.
In other news, Director Harrison H. Schmitt sold 1,500 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $131.60, for a total transaction of $197,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas E. Mccabe sold 1,540 shares of the firm’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $131.80, for a total transaction of $202,972.00. The disclosure for this sale can be found here. In the last three months, insiders sold 3,288 shares of company stock valued at $433,230. 1.20% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Westchester Capital Management LLC bought a new position in shares of Orbital ATK during the third quarter valued at $5,635,000. Bank of Montreal Can raised its stake in shares of Orbital ATK by 1,121.4% during the fourth quarter. Bank of Montreal Can now owns 36,934 shares of the aerospace company’s stock valued at $4,857,000 after acquiring an additional 33,910 shares during the last quarter. New Mexico Educational Retirement Board bought a new position in shares of Orbital ATK during the fourth quarter valued at $1,880,000. Kellner Capital LLC bought a new position in shares of Orbital ATK during the fourth quarter valued at $5,694,000. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Orbital ATK by 115.8% during the third quarter. Public Employees Retirement System of Ohio now owns 58,375 shares of the aerospace company’s stock valued at $7,773,000 after acquiring an additional 31,322 shares during the last quarter. 80.59% of the stock is owned by hedge funds and other institutional investors.
OA stock remained flat at $$132.29 during midday trading on Wednesday. The company had a trading volume of 242,400 shares, compared to its average volume of 374,974. The company has a current ratio of 1.74, a quick ratio of 1.59 and a debt-to-equity ratio of 0.67. The firm has a market cap of $7,646.11, a price-to-earnings ratio of 24.68, a price-to-earnings-growth ratio of 2.19 and a beta of -0.24. Orbital ATK has a 52-week low of $93.50 and a 52-week high of $134.59.
Orbital ATK (NYSE:OA) last posted its quarterly earnings results on Thursday, February 22nd. The aerospace company reported $1.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.79 by ($0.02). The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.26 billion. Orbital ATK had a return on equity of 18.32% and a net margin of 6.50%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.26 EPS. equities research analysts forecast that Orbital ATK will post 6.73 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Monday, February 12th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Friday, February 9th. Orbital ATK’s payout ratio is 23.88%.
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About Orbital ATK
Orbital ATK, Inc develops and produces aerospace and defense related products to the U.S. Government, allied nations, prime contractors, and other customers in the United States and internationally. It operates through three segments: Flight Systems Group, Defense Systems Group, and Space Systems Group.
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