Orbital ATK, Inc. (OA) Cut to “Hold” at BidaskClub
BidaskClub cut shares of Orbital ATK, Inc. (NYSE:OA) from a buy rating to a hold rating in a research note published on Monday morning.
A number of other equities analysts also recently commented on OA. Jefferies Group LLC reiterated a buy rating and set a $115.00 target price on shares of Orbital ATK in a research note on Wednesday, April 12th. Zacks Investment Research downgraded shares of Orbital ATK from a hold rating to a sell rating in a research note on Wednesday, May 10th. Cowen and Company reiterated a buy rating on shares of Orbital ATK in a research note on Thursday, May 11th. Finally, Goldman Sachs Group, Inc. (The) reiterated a neutral rating and set a $106.00 target price on shares of Orbital ATK in a research note on Monday, June 5th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $103.98.
Orbital ATK (NYSE:OA) traded up 2.76% during trading on Monday, hitting $106.46. The stock had a trading volume of 413,263 shares. Orbital ATK has a 52-week low of $67.04 and a 52-week high of $107.45. The firm’s 50-day moving average price is $100.78 and its 200-day moving average price is $96.97. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 21.95 and a beta of -0.31.
Orbital ATK (NYSE:OA) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.13. Orbital ATK had a return on equity of 15.34% and a net margin of 5.86%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the company earned $1.35 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. Analysts predict that Orbital ATK will post $6.05 EPS for the current fiscal year.
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In other Orbital ATK news, VP Christine Ann Wolf sold 5,039 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $101.54, for a total value of $511,660.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas E. Mccabe sold 3,533 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $103.24, for a total transaction of $364,746.92. Following the completion of the transaction, the vice president now owns 8,138 shares of the company’s stock, valued at approximately $840,167.12. The disclosure for this sale can be found here. Insiders sold 14,672 shares of company stock valued at $1,510,619 in the last 90 days. 1.20% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Gilder Gagnon Howe & Co. LLC increased its position in Orbital ATK by 3.5% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,037 shares of the aerospace company’s stock valued at $102,000 after buying an additional 35 shares in the last quarter. CENTRAL TRUST Co increased its position in Orbital ATK by 9.6% in the second quarter. CENTRAL TRUST Co now owns 1,143 shares of the aerospace company’s stock valued at $112,000 after buying an additional 100 shares in the last quarter. Stephens Inc. AR increased its position in Orbital ATK by 6.1% in the first quarter. Stephens Inc. AR now owns 1,253 shares of the aerospace company’s stock valued at $123,000 after buying an additional 72 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Orbital ATK during the second quarter valued at about $128,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Orbital ATK by 23.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,207 shares of the aerospace company’s stock valued at $216,000 after buying an additional 413 shares in the last quarter. Institutional investors own 86.31% of the company’s stock.
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.
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