Orbital ATK Inc (OA) Receives Average Recommendation of “Buy” from Analysts
Shares of Orbital ATK Inc (NYSE:OA) have received a consensus recommendation of “Buy” from the thirteen ratings firms that are currently covering the company. Four research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $98.59.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Orbital ATK from a “hold” rating to a “sell” rating in a report on Monday, September 12th. Jefferies Group restated a “buy” rating and issued a $100.00 price objective on shares of Orbital ATK in a report on Friday, August 26th. Wells Fargo & Co. upgraded shares of Orbital ATK from a “market perform” rating to an “outperform” rating in a report on Tuesday, August 23rd. Deutsche Bank AG assumed coverage on shares of Orbital ATK in a report on Thursday, September 1st. They issued a “buy” rating and a $100.00 price objective on the stock. Finally, Argus cut shares of Orbital ATK from a “buy” rating to a “hold” rating and set a $91.75 price objective on the stock. in a report on Tuesday, August 23rd.
Several large investors have recently bought and sold shares of OA. MSI Financial Services Inc boosted its stake in Orbital ATK by 75.7% in the third quarter. MSI Financial Services Inc now owns 2,021 shares of the company’s stock worth $154,000 after buying an additional 871 shares during the last quarter. Terra Nova Asset Management LLC purchased a new stake in Orbital ATK during the third quarter worth approximately $604,000. Eagle Boston Investment Management Inc. boosted its stake in Orbital ATK by 0.5% in the third quarter. Eagle Boston Investment Management Inc. now owns 22,373 shares of the company’s stock worth $1,705,000 after buying an additional 102 shares during the last quarter. Creative Planning boosted its stake in Orbital ATK by 31.9% in the third quarter. Creative Planning now owns 7,153 shares of the company’s stock worth $545,000 after buying an additional 1,732 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in Orbital ATK by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 20,252 shares of the company’s stock worth $1,544,000 after buying an additional 404 shares during the last quarter. Hedge funds and other institutional investors own 85.80% of the company’s stock.
Orbital ATK (NYSE:OA) traded down 0.63% during trading on Thursday, hitting $72.16. 170,580 shares of the company’s stock traded hands. Orbital ATK has a 12 month low of $67.04 and a 12 month high of $94.92. The company’s 50 day moving average is $75.19 and its 200-day moving average is $83.02. The stock has a market cap of $4.23 billion, a P/E ratio of 13.45 and a beta of -0.19.
Orbital ATK (NYSE:OA) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.03. Orbital ATK had a net margin of 5.94% and a return on equity of 16.55%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.13 billion. On average, analysts predict that Orbital ATK will post $5.50 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Wednesday, September 7th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, September 2nd. Orbital ATK’s payout ratio is 27.15%.
Orbital ATK Company Profile
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