Orbital ATK, Inc. (OA) Director Harrison H. Schmitt Sells 500 Shares of Stock

Orbital ATK, Inc. (NYSE:OA) Director Harrison H. Schmitt sold 500 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $99.28, for a total transaction of $49,640.00. Following the completion of the transaction, the director now directly owns 11,952 shares in the company, valued at $1,186,594.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Harrison H. Schmitt also recently made the following trade(s):

  • On Friday, April 28th, Harrison H. Schmitt sold 1,000 shares of Orbital ATK stock. The stock was sold at an average price of $99.01, for a total transaction of $99,010.00.

Orbital ATK, Inc. (OA) traded down 0.99% during midday trading on Monday, reaching $97.10. 542,791 shares of the company’s stock traded hands. The stock has a market cap of $5.60 billion, a PE ratio of 20.02 and a beta of -0.31. Orbital ATK, Inc. has a one year low of $67.04 and a one year high of $105.09. The stock’s 50 day moving average price is $99.19 and its 200-day moving average price is $93.58.

Orbital ATK (NYSE:OA) last announced its earnings results on Thursday, May 11th. The aerospace company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by $0.14. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Orbital ATK had a return on equity of 15.34% and a net margin of 5.86%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.44 earnings per share. Equities analysts predict that Orbital ATK, Inc. will post $6.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Wednesday, June 7th will be given a $0.32 dividend. The ex-dividend date is Monday, June 5th. This represents a $1.28 annualized dividend and a yield of 1.32%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in OA. Anchor Capital Advisors LLC boosted its position in shares of Orbital ATK by 27.3% in the third quarter. Anchor Capital Advisors LLC now owns 363,870 shares of the aerospace company’s stock valued at $27,738,000 after buying an additional 78,121 shares during the last quarter. HighTower Advisors LLC boosted its position in Orbital ATK by 178.3% in the third quarter. HighTower Advisors LLC now owns 6,626 shares of the aerospace company’s stock worth $510,000 after buying an additional 4,245 shares during the last quarter. Convector Capital Management LP boosted its position in Orbital ATK by 1.5% in the third quarter. Convector Capital Management LP now owns 29,044 shares of the aerospace company’s stock worth $2,214,000 after buying an additional 436 shares during the last quarter. Bragg Financial Advisors Inc boosted its position in Orbital ATK by 23.3% in the third quarter. Bragg Financial Advisors Inc now owns 52,929 shares of the aerospace company’s stock worth $4,035,000 after buying an additional 10,000 shares during the last quarter. Finally, Cetera Advisor Networks LLC boosted its position in Orbital ATK by 32.1% in the third quarter. Cetera Advisor Networks LLC now owns 5,487 shares of the aerospace company’s stock worth $418,000 after buying an additional 1,332 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

OA has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Orbital ATK from a “buy” rating to a “hold” rating in a report on Thursday, March 16th. Jefferies Group LLC reissued a “buy” rating and issued a $115.00 price target (up from $100.00) on shares of Orbital ATK in a report on Saturday, March 11th. Stifel Nicolaus cut their price target on shares of Orbital ATK from $120.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, March 9th. Barclays PLC reissued an “overweight” rating and issued a $105.00 price target (up from $97.00) on shares of Orbital ATK in a report on Saturday, March 11th. Finally, Cowen and Company raised shares of Orbital ATK from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $83.00 to $108.00 in a report on Thursday, March 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $103.28.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “OA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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