Wells Fargo & Co. Reiterates “Buy” Rating for Orbital ATK Inc. (OA)
Orbital ATK Inc. (NYSE:OA)‘s stock had its “buy” rating reaffirmed by investment analysts at Wells Fargo & Co. in a research report issued to clients and investors on Monday.
Other analysts have also issued reports about the stock. Deutsche Bank AG initiated coverage on shares of Orbital ATK in a research report on Thursday, September 1st. They set a “buy” rating and a $100.00 target price on the stock. Jefferies Group reiterated a “buy” rating and set a $100.00 target price on shares of Orbital ATK in a research report on Friday, August 26th. Zacks Investment Research lowered shares of Orbital ATK from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st. Argus lowered shares of Orbital ATK from a “buy” rating to a “hold” rating and set a $91.75 target price on the stock. in a research report on Tuesday, August 23rd. Finally, Cowen and Company lowered shares of Orbital ATK from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 10th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Orbital ATK currently has an average rating of “Buy” and an average price target of $98.16.
Shares of Orbital ATK (NYSE:OA) opened at 85.14 on Monday. The firm has a 50 day moving average of $76.14 and a 200 day moving average of $81.27. Orbital ATK has a 52 week low of $67.04 and a 52 week high of $94.92. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 15.87 and a beta of -0.29.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Monday, November 14th. Orbital ATK’s dividend payout ratio is presently 27.15%.
Several institutional investors have recently made changes to their positions in the company. Peloton Wealth Strategists bought a new position in shares of Orbital ATK during the third quarter worth $678,000. Ameritas Investment Partners Inc. increased its stake in Orbital ATK by 90.6% in the third quarter. Ameritas Investment Partners Inc. now owns 17,646 shares of the company’s stock worth $1,345,000 after buying an additional 8,387 shares during the period. Phocas Financial Corp. acquired a new stake in Orbital ATK during the third quarter worth $3,423,000. Verition Fund Management LLC acquired a new stake in Orbital ATK during the third quarter worth $305,000. Finally, Dean Investment Associates LLC acquired a new stake in Orbital ATK during the third quarter worth $494,000. 83.84% of the stock is owned by institutional investors.
Orbital ATK Company Profile
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