Orbital ATK, Inc. (OA) Given Average Recommendation of “Hold” by Brokerages
Orbital ATK, Inc. (NYSE:OA) has earned an average rating of “Hold” from the fifteen analysts that are covering the firm, Marketbeat.com reports. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $116.00.
OA has been the topic of several recent analyst reports. TheStreet upgraded shares of Orbital ATK from a “c” rating to a “b” rating in a research report on Monday, August 28th. ValuEngine upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Tuesday, October 3rd. Wells Fargo & Company cut shares of Orbital ATK from an “outperform” rating to a “market perform” rating in a research report on Friday, October 6th. Finally, Jefferies Group LLC lowered shares of Orbital ATK from a “buy” rating to a “hold” rating and raised their target price for the company from $122.00 to $134.50 in a report on Thursday, October 5th.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. boosted its stake in Orbital ATK by 16.4% during the second quarter. Pacer Advisors Inc. now owns 8,832 shares of the aerospace company’s stock worth $869,000 after buying an additional 1,245 shares during the period. Rovida Advisors Inc. boosted its stake in Orbital ATK by 79.1% during the second quarter. Rovida Advisors Inc. now owns 235,034 shares of the aerospace company’s stock worth $23,118,000 after buying an additional 103,800 shares during the period. Principal Financial Group Inc. boosted its stake in Orbital ATK by 4.2% during the second quarter. Principal Financial Group Inc. now owns 242,633 shares of the aerospace company’s stock worth $23,865,000 after buying an additional 9,721 shares during the period. Keybank National Association OH boosted its stake in Orbital ATK by 71.2% during the second quarter. Keybank National Association OH now owns 14,734 shares of the aerospace company’s stock worth $1,449,000 after buying an additional 6,129 shares during the period. Finally, BlackRock Inc. boosted its stake in Orbital ATK by 1.3% during the second quarter. BlackRock Inc. now owns 5,157,936 shares of the aerospace company’s stock worth $507,335,000 after buying an additional 67,560 shares during the period. 86.21% of the stock is owned by institutional investors.
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Shares of Orbital ATK (NYSE OA) opened at $132.39 on Thursday. The stock has a market cap of $7,665.89, a P/E ratio of 22.91, a PEG ratio of 2.39 and a beta of -0.23. The company has a current ratio of 1.87, a quick ratio of 1.66 and a debt-to-equity ratio of 0.66. Orbital ATK has a 1 year low of $82.44 and a 1 year high of $134.59.
Orbital ATK (NYSE:OA) last released its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.19. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Orbital ATK had a net margin of 6.62% and a return on equity of 17.32%. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 earnings per share. sell-side analysts expect that Orbital ATK will post 6.18 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 16th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Wednesday, November 15th. Orbital ATK’s dividend payout ratio (DPR) is presently 23.79%.
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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