Orbital ATK Inc (OA) is Downgraded by Argus to Hold

Orbital ATK Inc (OA) was Downgraded by Argus to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Argus advised their investors in a research report released on Aug 23, 2016.

Many Wall Street Analysts have commented on Orbital ATK Inc. Orbital ATK Inc was Upgraded by Wells Fargo to ” Outperform” on Aug 23, 2016. Shares were Reiterated by Barclays on Aug 11, 2016 to “Overweight” and Lowered the Price Target to $ 97 from a previous price target of $108 .

On the company’s financial health, Orbital ATK Inc reported $1.31 EPS for the quarter, based on the information available during the earnings call on May 5, 2016. Analyst had a consensus estimate of $1.31. The company had revenue of $1065.00 million for the quarter, compared to analysts expectations of $1144.05 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS.

Orbital ATK Inc opened for trading at $72 and hit $73.13 on the upside on Friday, eventually ending the session at $73.09, with a gain of 1.32% or 0.95 points. The heightened volatility saw the trading volume jump to 8,67,712 shares. Company has a market cap of $4,280 M.

Investors should note that on Aug 3, 2016, Orbital ATK Inc announced a cash dividend of $0.3000. The company’s management has announced Sep 2, 2016 as the ex-dividend date and fixed the record date on Sep 7, 2016. The payable date has been fixed on Sep 22, 2016.

In a different news, on Aug 5, 2016, Thomas E Mccabe (Senior VP and General Counsel) sold 152 shares at $86.47 per share price. According to the SEC, on Jun 2, 2016, Frank L. Jr. Culbertson (Executive Vice President) sold 550 shares at $89.04 per share price. On May 18, 2016, David W Thompson (President and CEO) sold 5,000 shares at $87.02 per share price, according to the Form-4 filing with the securities and exchange commission.

Orbital ATK Inc. formerly Alliant Techsystems Inc. is an aerospace and defense company. The Company designs builds and delivers space defense and aviation-related systems. The Company operates through three business segments: Flight Systems Group which develops rockets that are used as small- and medium-class space launch vehicles; Defense Systems Group which develops and produces military small- medium- and large-caliber ammunition small-caliber commercial ammunition propulsion systems strike weapons precision weapons and munitions gun systems aircraft survivability systems fuzes and warheads and special mission aircraft and Space Systems Group which develops and produces small- and medium-class satellites that are used to enable global and regional communications and broadcasting conduct space-related scientific research and perform other activities related to national security.

Orbital ATK Inc

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