Orbital ATK Inc. (OA) Stock Rating Upgraded by Zacks Investment Research
Orbital ATK Inc. (NYSE:OA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.
According to Zacks, “Orbital ATK’s diverse product offering and its involvement in major development and production programs will continue to swell its order book. Orbital ATK’s ongoing R&D work will assist it to churn new products and further expand its defense and commercial market penetration. However, Orbital ATK’s reliance on third parties for raw materials, increasing cost of raw materials, supply disruptions and delay in the replacement of materials or adding raw material suppliers could have an adverse impact on its results.Further, budget deficits and political uncertainty make future defense budgets susceptible to cutbacks. This might impact Orbital ATK’s top line negatively, as it generates a significant portion of its revenues from U.S. defense establishments.”
A number of other research firms have also issued reports on OA. Cowen and Company lowered Orbital ATK from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 10th. Argus restated a “buy” rating on shares of Orbital ATK in a research note on Wednesday, May 25th. TheStreet lowered Orbital ATK to a “hold” rating in a research note on Thursday, May 26th. Jefferies Group restated a “buy” rating on shares of Orbital ATK in a research note on Friday, August 5th. Finally, Deutsche Bank AG began coverage on Orbital ATK in a research note on Thursday, September 1st. They set a “buy” rating and a $100.00 price objective for the company. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Orbital ATK has a consensus rating of “Buy” and a consensus target price of $98.16.
Shares of Orbital ATK (NYSE:OA) opened at 73.26 on Monday. The stock has a market cap of $4.29 billion, a PE ratio of 13.66 and a beta of 0.02. The stock’s 50 day moving average price is $76.69 and its 200 day moving average price is $83.64. Orbital ATK has a 1-year low of $67.04 and a 1-year high of $94.92.
Orbital ATK (NYSE:OA) last posted its earnings results on Wednesday, August 10th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. Orbital ATK had a return on equity of 16.55% and a net margin of 5.94%. The business earned $1.05 billion during the quarter, compared to analyst estimates of $1.13 billion. On average, equities research analysts anticipate that Orbital ATK will post $5.50 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Wednesday, September 7th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, September 2nd. Orbital ATK’s dividend payout ratio (DPR) is 27.15%.
Hedge funds have recently made changes to their positions in the company. LS Investment Advisors LLC bought a new stake in shares of Orbital ATK during the second quarter valued at about $122,000. Signature Estate & Investment Advisors LLC bought a new stake in shares of Orbital ATK during the second quarter valued at about $158,000. Tower Research Capital LLC TRC bought a new stake in shares of Orbital ATK during the second quarter valued at about $194,000. Seven Eight Capital LLC increased its stake in shares of Orbital ATK by 1,122.4% in the first quarter. Seven Eight Capital LLC now owns 2,396 shares of the company’s stock valued at $208,000 after buying an additional 2,200 shares during the period. Finally, National Asset Management Inc. increased its stake in shares of Orbital ATK by 1.1% in the second quarter. National Asset Management Inc. now owns 2,474 shares of the company’s stock valued at $211,000 after buying an additional 28 shares during the period. 85.80% of the stock is currently owned by institutional investors and hedge funds.
Orbital ATK Company Profile
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