Northrop Grumman Announces Intention To Acquire Orbital ATK

Share

The stock of Orbital ATK Inc (NYSE:OA) earned "Hold" rating by SunTrust on Tuesday, September 19. Orbital ATK Inc (NYSE:OA) has risen 13.34% since September 20, 2016 and is uptrending.

Company shares last traded at $132.42 quite a bit higher than $108.83, the stock's 50 day moving average and which is impressively higher than the 200 day moving average of $101.75.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $7.51B. They noted that the move was a valuation call. Of those analysts, 7 rate stock as a Strong Buy, 0 rate it as Hold, and just no analyst rates it as a Moderate Sell. The stock has "Overweight" rating by KeyBanc Capital Markets on Monday, February 8.

The most recent non open market insider trade was completed by FISK LENNARD A on 08/10/2017, and was a acquisition of 1,133 shares with a final price of $0. The stock's 50 day moving average price is $108.83 and its 200-day moving average price is $101.75.

Northrop Grumman Corp (N:) neared an agreement to buy Orbital ATK Inc (N:) in a transaction that could be announced as soon as Monday, according to a person familiar with the transaction.

Northrop Grumman Corp. will acquire Orbital ATK Inc.in a deal valued at $9.2 billion. The value in dollars increased from $18,003,000 to $18,354,000 increasing 1.9% quarter to quarter. Orbital ATK had a net margin of 6.11% and a return on equity of 15.62%. Next quarter's EPS is expected be $1.83 and the next full year EPS is projected to be $6.71. During the same period past year, the firm earned $1.35 EPS. Equities research analysts expect that Orbital ATK will post $6.17 earnings per share for the current year. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and global copyright and trademark legislation.

Orbital ATK is itself the result of a recent merger. Additionally Orbital ATK, Inc. recently declared a dividend which was paid on Thursday June 22nd, 2017. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, September 1st.

This company has been competing with others in the Industrial Goods space and offers its own combination of interesting factors Orbital ATK, Inc. (OA) Insider Frank L. Jr. The EVP now owns $2,448,592 of the stock according to the SEC filing. Volume was up 416.93% over the stocks average daily volume. The disclosure for this sale can be found here. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,207 shares of the aerospace company's stock valued at $216,000 after purchasing an additional 413 shares during the last quarter.

This company shares (RUN) so far managed to recover 55.18% since collapsing to its 52-week low.

Several hedge funds and other institutional investors have recently made changes to their positions in OA. Rovida Advisors Inc. now controls 235,034 shares with a value of $23,118,000. Bank of Montreal Can lifted its position in shares of Orbital ATK by 0.6% during the 2nd quarter. Short shares grew from 488,878 to 515,495 over that timeframe. Indeed, 27 percent of its revenues past year were "restricted" and secret. As of quarter end Graticule Asia Macro Advisors LLC had bought 2,900 shares growing its holdings by 1.6%. Graticule Asia Macro Advisors LLC now owns 186,600 shares worth $18,354,000.

Following United Technologies's planned $30 billion acquisition of Rockwell Collins, announced on September 4, Northrop Grumman's purchase of Orbital ATK signals a new round of consolidation among aerospace and defense companies and would make Northrop Grumman the fourth largest USA defense contractor behind Lockheed Martin, Boeing and General Dynamics, according to Bloomberg. The Business's segments include Flight Systems Group, Defense Systems Group, Space Systems Group and Corporate.

Share