Orbital ATK, Inc. (OA) Given Hold Rating at Cowen and Company
Cowen and Company reaffirmed their hold rating on shares of Orbital ATK, Inc. (NYSE:OA) in a research note published on Wednesday. The firm currently has a $134.50 price objective on the aerospace company’s stock.
OA has been the topic of a number of other reports. Zacks Investment Research raised shares of Orbital ATK from a hold rating to a buy rating and set a $115.00 target price on the stock in a report on Monday, July 31st. BidaskClub lowered shares of Orbital ATK from a buy rating to a hold rating in a report on Monday, July 31st. Jefferies Group LLC reissued a buy rating and set a $122.00 target price (up from $115.00) on shares of Orbital ATK in a report on Friday, August 4th. Stifel Nicolaus reissued a buy rating on shares of Orbital ATK in a report on Friday, August 4th. Finally, Argus raised shares of Orbital ATK from a hold rating to a buy rating and boosted their target price for the stock from $106.58 to $120.00 in a report on Monday, August 14th. They noted that the move was a valuation call. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Orbital ATK presently has an average rating of Hold and a consensus price target of $122.28.
Orbital ATK (NYSE OA) opened at $132.35 on Wednesday. The stock has a market cap of $7,633.59, a P/E ratio of 22.82, a P/E/G ratio of 2.38 and a beta of -0.23. Orbital ATK has a 12-month low of $82.44 and a 12-month high of $134.59. 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 (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, topping the Zacks’ consensus estimate of $1.56 by $0.19. The business had revenue of $1.22 billion during 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 firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.15 EPS. analysts anticipate that Orbital ATK will post 6.18 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 16th will be paid 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 is currently 23.79%.
Large investors have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in shares of Orbital ATK in the 2nd quarter valued at $128,000. LMR Partners LLP acquired a new position in shares of Orbital ATK during the 3rd quarter valued at $201,000. Cadence Capital Management LLC acquired a new position in shares of Orbital ATK during the 3rd quarter valued at $204,000. HL Financial Services LLC acquired a new position in shares of Orbital ATK during the 3rd quarter valued at $238,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Orbital ATK during the 3rd quarter valued at $246,000. 86.74% of the stock is currently owned by institutional investors.
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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