Orbital ATK, Inc. (NYSE:OA) Given Consensus Recommendation of “Buy” by Analysts
Orbital ATK, Inc. (NYSE:OA) has received a consensus recommendation of “Buy” from the twelve brokerages that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $106.72.
OA has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Orbital ATK from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. BidaskClub upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Cowen and Company reiterated a “buy” rating on shares of Orbital ATK in a report on Thursday, May 11th. Jefferies Group LLC reiterated a “buy” rating and issued a $115.00 price target on shares of Orbital ATK in a report on Wednesday, April 12th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $106.00 target price on shares of Orbital ATK in a report on Monday, June 5th.
In other Orbital ATK news, VP Thomas E. Mccabe sold 3,533 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $103.24, for a total value of $364,746.92. Following the completion of the transaction, the vice president now directly owns 8,138 shares in the company, valued at approximately $840,167.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harrison H. Schmitt sold 500 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $99.28, for a total value of $49,640.00. Following the completion of the transaction, the director now owns 11,952 shares of the company’s stock, valued at $1,186,594.56. The disclosure for this sale can be found here. In the last three months, insiders sold 16,674 shares of company stock valued at $1,722,611. 1.20% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. 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 during 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 during 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 during the last quarter. Meeder Asset Management Inc. acquired a new position in Orbital ATK during the second quarter valued at $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 during the last quarter. Institutional investors and hedge funds own 86.42% of the company’s stock.
Orbital ATK (NYSE:OA) opened at 106.81 on Monday. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 22.02 and a beta of -0.31. Orbital ATK has a 12 month low of $71.50 and a 12 month high of $107.45. The stock’s 50 day moving average is $101.79 and its 200-day moving average is $97.61.
Orbital ATK (NYSE:OA) last issued its earnings results on Thursday, August 3rd. The aerospace company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. Orbital ATK had a net margin of 6.11% and a return on equity of 15.62%. The company 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 earned $1.35 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts anticipate that Orbital ATK will post $6.16 earnings per share for the current fiscal year.
About Orbital ATK
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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