Insider Selling: Orbital ATK, Inc. (NYSE:OA) Insider Sells 200 Shares of Stock

Orbital ATK, Inc. (NYSE:OA) insider Frank L. Jr. Culbertson sold 200 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $101.91, for a total value of $20,382.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Orbital ATK, Inc. (NYSE:OA) traded up 0.21% during midday trading on Friday, hitting $102.62. The company had a trading volume of 21,554 shares. Orbital ATK, Inc. has a 12-month low of $67.04 and a 12-month high of $105.09. The company’s 50-day moving average price is $100.22 and its 200 day moving average price is $96.15. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 21.16 and a beta of -0.32.

Orbital ATK (NYSE:OA) last released its quarterly earnings results on Thursday, May 11th. The aerospace company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by $0.14. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Orbital ATK had a net margin of 5.86% and a return on equity of 15.34%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 earnings per share. Equities research analysts predict that Orbital ATK, Inc. will post $6.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 22nd. Stockholders of record on Wednesday, June 7th were given a dividend of $0.32 per share. The ex-dividend date was Monday, June 5th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.25%.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Philadelphia Trust Co. raised its position in Orbital ATK by 28.7% in the fourth quarter. Philadelphia Trust Co. now owns 39,410 shares of the aerospace company’s stock worth $3,457,000 after buying an additional 8,786 shares during the period. Airain ltd purchased a new position in Orbital ATK during the first quarter worth approximately $1,176,000. Victory Capital Management Inc. increased its stake in Orbital ATK by 11.6% in the first quarter. Victory Capital Management Inc. now owns 9,058 shares of the aerospace company’s stock worth $888,000 after buying an additional 944 shares in the last quarter. Geode Capital Management LLC increased its stake in Orbital ATK by 5.0% in the first quarter. Geode Capital Management LLC now owns 448,256 shares of the aerospace company’s stock worth $43,929,000 after buying an additional 21,486 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Orbital ATK by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 691,229 shares of the aerospace company’s stock worth $67,739,000 after buying an additional 27,571 shares in the last quarter. Hedge funds and other institutional investors own 86.53% of the company’s stock.

Several equities analysts have recently commented on OA shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $115.00 target price on shares of Orbital ATK in a research report on Wednesday, April 12th. Zacks Investment Research downgraded Orbital ATK from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. Cowen and Company reaffirmed a “buy” rating on shares of Orbital ATK in a research report on Thursday, May 11th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $106.00 target price on shares of Orbital ATK in a research report on Monday, June 5th. Finally, BidaskClub raised Orbital ATK from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $103.28.

Orbital ATK Company Profile

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.

Insider Buying and Selling by Quarter for Orbital ATK (NYSE:OA)

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