Published On: Thu, Sep 15th, 2016

Orbital ATK Inc. (OA) Shares Down 2.4%

Orbital ATK Inc. (NYSE:OA) traded down 2.4% during trading on Wednesday . The company traded as low as $72.88 and last traded at $73.03, with a volume of 476,762 shares trading hands. The stock had previously closed at $74.83.
A number of equities research analysts have recently commented on the stock. TheStreet lowered shares of Orbital ATK to a “hold” rating in a research note on Thursday, May 26th. Zacks Investment Research raised shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research note on Wednesday, July 13th. Barclays PLC reduced their price objective on shares of Orbital ATK from $108.00 to $97.00 and set an “overweight” rating on the stock in a research note on Thursday, August 11th. Cowen and Company lowered shares of Orbital ATK from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 10th. Finally, Argus reaffirmed a “buy” rating on shares of Orbital ATK in a research note on Wednesday, May 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $98.16.
The firm has a market cap of $4.30 billion, a PE ratio of 13.69 and a beta of 0.02. The firm has a 50-day moving average of $78.32 and a 200-day moving average of $83.86.

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Orbital ATK (NYSE:OA) last announced its earnings results on Wednesday, August 10th. The company reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.03. Orbital ATK had a net margin of 5.94% and a return on equity of 16.55%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Analysts forecast that Orbital ATK Inc. will post $5.50 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Wednesday, September 7th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, September 2nd. Orbital ATK’s dividend payout ratio (DPR) is presently 27.15%.
Several hedge funds have recently made changes to their positions in OA. First Eagle Investment Management LLC boosted its stake in shares of Orbital ATK by 26.9% in the second quarter. First Eagle Investment Management LLC now owns 4,347,298 shares of the company’s stock worth $370,129,000 after buying an additional 921,543 shares during the period. Newbrook Capital Advisors LP purchased a new position in shares of Orbital ATK during the first quarter worth about $65,253,000. Point72 Asset Management L.P. boosted its position in shares of Orbital ATK by 221.9% in the second quarter. Point72 Asset Management L.P. now owns 824,343 shares of the company’s stock worth $70,185,000 after buying an additional 568,243 shares during the last quarter. UBS Group AG boosted its position in shares of Orbital ATK by 433.0% in the first quarter. UBS Group AG now owns 278,273 shares of the company’s stock worth $24,193,000 after buying an additional 226,067 shares during the last quarter. Finally, TimesSquare Capital Management LLC boosted its position in shares of Orbital ATK by 21.3% in the second quarter. TimesSquare Capital Management LLC now owns 1,138,888 shares of the company’s stock worth $96,965,000 after buying an additional 200,222 shares during the last quarter. Hedge funds and other institutional investors own 86.08% of the company’s stock.

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