Shares are trading at $132.95 barely above the 50 day moving average which is $126.84 and which is quite a bit higher than the 200 day moving average of $107.78. The 50 day moving average went up by +4.82% and the 200 day average went up by +23.35%. Trading volume for Orbital ATK, Inc. was 674K by the end of trading on Tuesday. Overall, volume was up 21.29% over the stocks normal daily volume.
Investors are more bearish on the company lately considering the change in short interest. The stock had a rise in short interest between September 15, 2017 and September 29, 2017 of 55.57%. Short shares increased from 557,779 to 867,742 over that period. The short-interest ratio decreased to 0.0 and the percentage of shorted shares is 0.02% as of September 29.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter State Treasurer State Of Michigan had sold 2,100 shares trimming its holdings by 8.8%. The value of the investment in Orbital ATK, Inc. increased from $2,341,000 to $2,890,000 increasing 23.5% for the reporting period. As of quarter end Sit Investment Associates Inc had disposed of a total of 650 shares trimming its position 1.4%. The value of the investment in (OA) went from $4,463,000 to $5,956,000 a change of $1,493,000 since the last quarter.
As of quarter end Private Capital Advisors, Inc. had sold a total of 64,201 shares trimming its stake by 93.4%. The value of the company’s investment in Orbital ATK, Inc. decreased from $6,757,000 to $599,000 a change of 91.1% quarter over quarter. Bowling Portfolio Management LLC trimmed its position by selling 74 shares a decrease of 1.1% as of 09/30/2017. Bowling Portfolio Management LLC owns 6,621 shares valued at $882,000. The value of the position overall is up by 33.8%.
On October 6, 2017 the stock rating was set at “Market Perform” according to a Wells Fargo report down from the previous “Outperform” rating. On October 6 the company was changed to “Market Perform” in a report from Jefferies which was a cut from the previous “Buy” rating.
The company is up by 0.20%% since yesterday’s close of 132.69. Additionally the company declared a dividend which was paid on Thursday September 21st, 2017. The dividend was $0.320 per share for the quarter which comes to $1.28 on an annualized basis. This dividend represents a yield of $0.96. The ex-dividend date was set for Friday the 1st of September 2017.
The P/E ratio is 27.67 and market cap is 7.66B. In the latest earnings report the EPS was $4.80 and is projected to be $6.18 for the current year with 57,607,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $1.83 and the next full year EPS is projected to be $6.70.
Orbital ATK, Inc., launched on May 2, 1990, 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 Business’s segments include Flight Systems Group, Defense Systems Group, Space Systems Group and Corporate. The Business’s products include launch vehicles and related propulsion systems; satellites and associated components and services; composite aerospace structures; tactical missiles, subsystems and defense electronics, and precision weapons, armament systems and ammunition..