ValuEngine upgraded shares of Orbital ATK (NYSE:OA) from a hold rating to a buy rating in a research note published on Friday morning.

Several other analysts also recently commented on the stock. FIG Partners raised shares of Orbital ATK to a market perform rating in a research report on Wednesday, January 24th. Zacks Investment Research raised shares of Orbital ATK from a hold rating to a buy rating and set a $148.00 price objective for the company in a research report on Tuesday, January 16th. TheStreet downgraded shares of Orbital ATK from a b rating to a c rating in a research report on Wednesday, December 27th. Cowen reaffirmed a hold rating and set a $134.50 price objective on shares of Orbital ATK in a research report on Wednesday, November 22nd. Finally, Credit Suisse Group downgraded shares of Orbital ATK from an outperform rating to a neutral rating in a research report on Wednesday, November 8th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Orbital ATK has a consensus rating of Hold and a consensus price target of $123.56.

Shares of Orbital ATK (NYSE OA) opened at $131.86 on Friday. The company has a market cap of $7,606.48, a P/E ratio of 22.73, a PEG ratio of 2.18 and a beta of -0.27. Orbital ATK has a 52-week low of $87.08 and a 52-week 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 announced its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.56 by $0.19. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.15 billion. Orbital ATK had a net margin of 6.62% and a return on equity of 17.32%. The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 EPS. research analysts expect that Orbital ATK will post 6.29 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Friday, February 9th. Orbital ATK’s payout ratio is currently 23.79%.

In related news, Director Harrison H. Schmitt sold 1,500 shares of Orbital ATK stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $131.60, for a total value of $197,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Meeder Asset Management Inc. lifted its stake in Orbital ATK by 1,027.4% during the 4th quarter. Meeder Asset Management Inc. now owns 1,849 shares of the aerospace company’s stock valued at $244,000 after acquiring an additional 1,685 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Orbital ATK by 213.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 421,430 shares of the aerospace company’s stock valued at $55,418,000 after acquiring an additional 286,900 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in Orbital ATK by 94.9% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 126,408 shares of the aerospace company’s stock valued at $16,623,000 after acquiring an additional 61,549 shares in the last quarter. Gabelli Funds LLC lifted its stake in Orbital ATK by 30.0% during the 4th quarter. Gabelli Funds LLC now owns 209,556 shares of the aerospace company’s stock valued at $27,557,000 after acquiring an additional 48,300 shares in the last quarter. Finally, Aperio Group LLC lifted its stake in Orbital ATK by 8.2% during the 4th quarter. Aperio Group LLC now owns 16,998 shares of the aerospace company’s stock valued at $2,235,000 after acquiring an additional 1,293 shares in the last quarter. Institutional investors and hedge funds own 85.48% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Orbital ATK (NYSE:OA)

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