Insider Selling: Orbital ATK, Inc. (OA) Insider Sells 2,002 Shares of Stock

Orbital ATK, Inc. (NYSE:OA) insider Frank L. Jr. Culbertson sold 2,002 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $105.89, for a total transaction of $211,991.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Frank L. Jr. Culbertson also recently made the following trade(s):

  • On Tuesday, August 15th, Frank L. Jr. Culbertson sold 200 shares of Orbital ATK stock. The stock was sold at an average price of $109.00, for a total transaction of $21,800.00.
  • On Monday, July 17th, Frank L. Jr. Culbertson sold 200 shares of Orbital ATK stock. The stock was sold at an average price of $101.91, for a total transaction of $20,382.00.

Orbital ATK, Inc. (OA) traded down 0.48% during mid-day trading on Friday, hitting $105.11. 183,373 shares of the stock were exchanged. The firm has a market cap of $6.06 billion, a P/E ratio of 21.88 and a beta of -0.31. The company has a 50 day moving average of $103.46 and a 200 day moving average of $98.48. Orbital ATK, Inc. has a 12-month low of $71.52 and a 12-month high of $110.55.

Orbital ATK (NYSE:OA) last announced its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.11. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.35 earnings per share. On average, equities analysts anticipate that Orbital ATK, Inc. will post $6.17 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Wednesday, September 6th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Friday, September 1st.

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Several brokerages have issued reports on OA. Jefferies Group LLC reiterated a “buy” rating and set a $122.00 target price (up from $115.00) on shares of Orbital ATK in a report on Friday, August 4th. BidaskClub cut shares of Orbital ATK from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Argus upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and increased their target price for the stock from $106.58 to $120.00 in a report on Monday, August 14th. They noted that the move was a valuation call. Stifel Nicolaus reiterated a “buy” rating on shares of Orbital ATK in a report on Friday, August 4th. Finally, Zacks Investment Research upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $108.56.

Several large investors have recently bought and sold shares of the stock. Gilder Gagnon Howe & Co. LLC increased its stake in Orbital ATK by 3.5% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,037 shares of the aerospace company’s stock valued at $102,000 after buying an additional 35 shares during the last quarter. CENTRAL TRUST Co increased its stake in Orbital ATK by 9.6% in the second quarter. CENTRAL TRUST Co now owns 1,143 shares of the aerospace company’s stock valued at $112,000 after buying an additional 100 shares during the last quarter. Stephens Inc. AR increased its stake in Orbital ATK by 6.1% in the first quarter. Stephens Inc. AR now owns 1,253 shares of the aerospace company’s stock valued at $123,000 after buying an additional 72 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Orbital ATK during the second quarter valued at $128,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Orbital ATK by 23.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,207 shares of the aerospace company’s stock valued at $216,000 after buying an additional 413 shares during the last quarter. 86.88% of the stock is owned by institutional investors and hedge funds.

About Orbital ATK

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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