Orbital ATK, Inc. (OA) Stock Rating Lowered by Stifel Nicolaus
Orbital ATK, Inc. (NYSE:OA) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Tuesday. They presently have a $134.50 price objective on the aerospace company’s stock, up from their previous price objective of $120.00. Stifel Nicolaus’ price target would suggest a potential upside of 1.59% from the company’s current price.
A number of other brokerages have also issued reports on OA. SunTrust Banks, Inc. lowered Orbital ATK from a “buy” rating to a “hold” rating and set a $106.00 price target for the company. in a research note on Tuesday. Zacks Investment Research upgraded Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $122.00 price target (up previously from $115.00) on shares of Orbital ATK in a research note on Friday, August 4th. CL King lowered Orbital ATK from a “buy” rating to a “neutral” rating in a research note on Tuesday. Finally, ValuEngine upgraded Orbital ATK from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $117.00.
Shares of Orbital ATK (NYSE:OA) opened at 132.39 on Tuesday. Orbital ATK has a 52 week low of $71.52 and a 52 week high of $133.39. The firm’s 50-day moving average price is $108.83 and its 200 day moving average price is $101.75. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 27.56 and a beta of -0.34.
Orbital ATK (NYSE:OA) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.11. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the business posted $1.35 EPS. Orbital ATK’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts forecast that Orbital ATK will post $6.18 EPS for the current year.
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In related news, VP Thomas E. Mccabe sold 400 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $101.60, for a total value of $40,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frank L. Jr. Culbertson sold 2,002 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $105.89, for a total transaction of $211,991.78. The disclosure for this sale can be found here. Insiders have sold a total of 3,002 shares of company stock valued at $316,492 in the last three months. Insiders own 1.20% of the company’s stock.
Large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in shares of Orbital ATK by 17,832.1% in the 1st quarter. BlackRock Inc. now owns 5,090,376 shares of the aerospace company’s stock valued at $498,857,000 after acquiring an additional 5,061,989 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Orbital ATK by 16.4% in the 2nd quarter. Pacer Advisors Inc. now owns 8,832 shares of the aerospace company’s stock valued at $869,000 after acquiring an additional 1,245 shares during the last quarter. Rovida Advisors Inc. lifted its holdings in shares of Orbital ATK by 79.1% in the 2nd quarter. Rovida Advisors Inc. now owns 235,034 shares of the aerospace company’s stock valued at $23,118,000 after acquiring an additional 103,800 shares during the last quarter. Keybank National Association OH lifted its holdings in shares of Orbital ATK by 71.2% in the 2nd quarter. Keybank National Association OH now owns 14,734 shares of the aerospace company’s stock valued at $1,449,000 after acquiring an additional 6,129 shares during the last quarter. Finally, Welch Group LLC bought a new position in shares of Orbital ATK in the 2nd quarter valued at about $505,000. 85.39% of the stock is owned by hedge funds and other 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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