Orbital ATK, Inc. (OA) Lowered to Neutral at CL King

In this artist's depiction the MEV-1 spacecraft is attached to a customer's satellite and is performing its role in extending its operational life. Image Credit Nathan Koga  Space Flight Insider

Argus lowered shares of Orbital ATK, Inc. 33 funds opened positions while 61 raised stakes. As of quarter end Rovida Advisors Inc. had acquired a total of 103,800 shares growing its stake by 79.1%.

Thompson said discussions between Northrop Grumman and Orbital ATK began earlier this year. After $1.56 actual EPS reported by Orbital ATK Inc for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

The top 5 institutional holders, in ascending order, are as follows: BLACKROCK INC. with 5.16 million shares, VANGUARD GROUP INC with 4.82 million shares, FIRST EAGLE INVESTMENT MANAGEMENT, LLC with 4.61 million shares, BARROW HANLEY MEWHINNEY & STRAUSS LLC with 2.14 million shares, and IRIDIAN ASSET MANAGEMENT LLC/CT with 1.9 million shares. Gilder Gagnon Howe & Co. CENTRAL TRUST Co lifted its holdings in Orbital ATK by 9.6% during the 2nd quarter. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion.

Orbital ATK, in Dulles, Va., has a facility in Northridge for developing advanced anti-radiation guided missiles used on the U.S. Navy's Hornet, Super Hornet and Growler aircraft and the Italian Air Force's Tornado aircraft. Graticule Asia Macro Advisors LLC now controls 186,600 shares worth $18,354,000. Stifel Nicolaus downgraded shares of Orbital ATK from a "buy" rating to a "hold" rating in a report on Tuesday.

In a research report shared with investors on Tuesday morning, CL King has chose to lowered rating on Orbital ATK (NYSE:OA) shares to a Neutral.

Company shares last traded at $132.42 quite a bit higher than $108.83, the stock's 50 day moving average and which is impressively higher than the 200 day moving average of $101.75. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company.

Let's talk about the gap between analyst price targets for the next 12 months and Northrop Grumman Corporation (NOC)'s current share price. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & worldwide copyright and trademark laws. If you are reading this report on another publication, it was stolen and reposted in violation of United States and global trademark and copyright law. KeyBanc Capital Markets upgraded Orbital ATK Inc (NYSE:OA) on Monday, February 8 to "Overweight" rating. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. (OA) Insider Frank L. Jr. Culbertson now owns $2,448,592 of the stock per the Form 4 SEC filing. The disclosure for this sale can be found here. The stock was sold at an average price of $109.00, for a total transaction of $21,800.00.

This company has been competing with others in the Industrial Goods space and offers its own combination of interesting factors Orbital ATK, Inc.

The P/E ratio is 27.56 and the market cap is 7.63B. The stock has a 50 day moving average of $108.83 and a 200-day moving average of $101.75.

Insider trading activity is a great indicator of how a stock is performing, so let's take a look at Orbital ATK, Inc. During the same period in the prior year, the company posted $1.35 earnings per share. Orbital ATK had a net margin of 6.11% and a return on equity of 15.62%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. Next quarter's EPS is expected be $1.83 with next year's EPS projected to be $6.70. On a consensus basis, analysts have given a recommendation of 2.40 on company shares. Additionally the company recently declared a dividend paid on Thursday the 22nd of June 2017. Northrop Grumman remains committed to maintaining a solid investment grade credit rating and will use its strong cash flow to support debt reduction while continuing to pay a competitive dividend and repurchase shares. The dividend was $0.320 per share for the quarter or $1.28 annualized. The ex-dividend date of this dividend is Friday, September 1st.

Orbital ATK has a contract with NASA to ship supplies to the International Space Station on its Cygnus capsule, launched by the company's Antares rocket from Wallops, Virginia. The Company's divisions are Consumer and Shutterfly Business Solutions.

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