If the market is performing well and the stock is over-valued, OA might be a good investment at this point but if the market is dropping down, you might not consider buying the stock.
OA has been the topic of several other reports. SunTrust Banks, Inc. downgraded Orbital ATK from a "buy" rating to a "hold" rating and set a $106.00 price objective for the company.in a research report on Tuesday.
Orbital ATK stock had been trading at about $73 a year ago rocketed from less than $110 a share a week ago to more than $130 with the merger announcement. As per Thursday, August 6, the company rating was maintained by Argus Research. Finally, Goldman Sachs Group, Inc. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. The stock of Orbital ATK Inc (NYSE:OA) has "Buy" rating given on Wednesday, March 2 by Stifel Nicolaus.
The P/E ratio is now 27.56 and the market cap is 7.63B. However the price at the close of last session was 4.07% higher than its 50-day moving average and 11.61% over its 200-day moving average. The company shares advanced 0.5% from their peak of $276.2 and now has a $48.16 billion market value of equity. In the latest earnings report the EPS was $4.80 and is estimated to be $6.17 for the current year with 57,607,000 shares presently outstanding. The aerospace company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11.
Thompson said discussions between Northrop Grumman and Orbital ATK began earlier this year. During the same period previous year, the business posted $1.35 EPS. On average, equities research analysts expect that Orbital ATK will post $6.17 EPS for the current fiscal year. If you are reading this report on another site, it was illegally copied and republished in violation of global copyright and trademark legislation.
The average Wall Street analyst rating for Orbital ATK, Inc.is Strong Buy, according to the average of 8 analyst scores.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Tower Rech Cap (Trc) invested in 0.05% or 1,853 shares. EVP Frank L. Jr. Culbertson sold 2,002 shares of Orbital ATK stock in a transaction dated Friday, August 4th. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands.
"The agreement reflects the tremendous value that Orbital ATK has created for our customers, our shareholders and our employees", David Thompson, Orbital ATK president and chief executive officer said at the conference call. The shares were sold at an average price of $101.60, for a total transaction of $40,640.00. The disclosure for this sale can be found here. Once the acquisition is complete, Orbital ATK will become its own sector of the company.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Gilder Gagnon Howe & Co. The value of the total investment in Orbital ATK, Inc. went from $28,000 to $47,471,000 increasing 169,439.3% quarter over quarter. Graticule Asia Macro Advisors LLC bolstered its ownership by buying 2,900 shares an increase of 1.6% in the quarter. Keybank National Association OH raised its stake in shares of Orbital ATK by 71.2% in the second quarter.
Under the terms of the deal, Northrop Grumman will pay shareholders of Dulles, Virginia-based Orbital ATK $134.50 per share in cash, or about $7.8 billion, and assume $1.4 billion in net debt, Northrop said on Monday on its website. Next Financial Group, Inc controls 200 shares valued at $20,000,000. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Orbital ATK by 0.4% during the first quarter.
Northrop Grumman announced Monday plans to acquire Orbital ATK, a company with a portfolio ranging from satellite manufacturing and orbital servicing to launch vehicles, missile defense and munitions, for approximately $9.2 billion, a combination officials promised will lead to better products at lower prices.
Orbital Sciences Corporation Antares rocket and Cygnus spacecraft blasts off on July 13 2014 from Launch Pad 0A at NASA Wallops Flight Facility, VA, on the Orb-2 mission and loaded with over 3000 pounds of science experiments and supplies for the crew aboard the International Space Station.