Orbital ATK Inc (OA) was Reiterated by Barclays to “Overweight” while Lowering the Price Target of the company shares to $ 97 from a previous price target of $108 . Barclays advised their investors in a research report released on Aug 11, 2016.
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 closed down -0.09 points or -0.10% at $87.3 with 2,58,319 shares getting traded on Monday. Post opening the session at $87.38, the shares hit an intraday low of $86.87 and an intraday high of $87.64 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.