Traders Buy Orbital ATK (OA) on Weakness
Investors bought shares of Orbital ATK, Inc. (NYSE:OA) on weakness during trading hours on Wednesday. $40.06 million flowed into the stock on the tick-up and $13.54 million flowed out of the stock on the tick-down, for a money net flow of $26.52 million into the stock. Of all equities tracked, Orbital ATK had the 14th highest net in-flow for the day. Orbital ATK traded down ($0.40) for the day and closed at $131.75
Several brokerages have recently weighed in on OA. ValuEngine cut shares of Orbital ATK from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Cowen reiterated a “hold” rating and set a $134.50 price target on shares of Orbital ATK in a research note on Tuesday, September 19th. Stifel Nicolaus cut shares of Orbital ATK from a “buy” rating to a “hold” rating and lifted their price target for the stock from $120.00 to $134.50 in a research note on Tuesday, September 19th. Argus cut shares of Orbital ATK from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, Credit Suisse Group cut shares of Orbital ATK from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 8th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Orbital ATK currently has an average rating of “Hold” and a consensus target price of $123.56.
The company has a current ratio of 1.87, a quick ratio of 1.66 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $7,632.44, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 2.36 and a beta of -0.24.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Thursday, November 16th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Wednesday, November 15th. Orbital ATK’s dividend payout ratio (DPR) is 23.79%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LMR Partners LLP purchased a new position in shares of Orbital ATK during the 3rd quarter valued at $201,000. Cadence Capital Management LLC purchased a new position in shares of Orbital ATK during the 3rd quarter valued at $204,000. HL Financial Services LLC purchased a new position in shares of Orbital ATK during the 3rd quarter valued at $238,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Orbital ATK during the 3rd quarter valued at $246,000. Finally, Advisor Partners LLC purchased a new position in shares of Orbital ATK during the 3rd quarter valued at $250,000. Institutional investors own 85.80% of the company’s stock.
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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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