Northrop Grumman Looks To Launch Orbital ATK Takeover

Andrew Cummings
September 20, 2017

(NYSE:OA) from a hold rating to a buy rating in a research report sent to investors on Friday, September 1st. Insider ownership decreased by a total of 12124 shares, which suggests that NOC's key executives are feeling less optimistic about the outlook for the stock. The total value of its holdings increased 1.9%.

On Friday, August 4th, Frank L. Jr.

For his part Orbital ATK CEO David Thompson was very pleased with the buyout and future opportunities. The portion of a company's profit allocated to each outstanding share of common stock was $0.5 a share in the trailing twelve months. The rating was maintained by Cowen & Co with "Hold" on Wednesday, August 23. Frank L. Jr. Culbertson, EVP sold $20,382 worth of shares at an average price of $101.91 on Monday the 17th.

In terms of performance, shares of Orbital ATK, Inc. 3,847 shares valued at $1.00 million were sold by ASHWORTH SID on Wednesday, June 14. When looking at the past five sessions, the stock returned -6.94% losses and is up by 9.45% compared with its 200-day moving average of $6.59.

Orbital ATK's current market capitalization is approximately $6.3 billion and the deal price is based on the company's value and assumption of long-term debts of the company.

Orbital ATK (NYSE:OA) last released its earnings results on Thursday, August 3rd. After having $0.60 EPS previously, Farmers Capital Bank Corp's analysts see -1.67% EPS growth.

Currently, EPS of Orbital ATK, Inc. The firm had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.12 billion.

Northrop Grumman Corporation most recently reported earnings per share (EPS) of $3.15 for the June 2017 versus $2.85 in the same quarter previous year, representing 11% growth. Additionally Northrop Grumman Corporation announced a dividend paid on Wednesday the 13th of September 2017. "(OA) Ex-Dividend Date Scheduled for September 01, 2017" on August 31, 2017. Northrop Grumman Corporation (NYSE:NOC)'s short interest is 1.39 million shares, or 0.86% of the float.

WARNING: This news story was originally published by Equities Focus and is owned by of Equities Focus. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and global trademark and copyright law. It is positive, as 38 investors sold Northrop Grumman Corporation shares while 274 reduced holdings. On Monday, August 28 the stock rating was maintained by RBC Capital Markets with "Buy". The firm earned "Neutral" rating on Thursday, August 25 by JP Morgan. Goldman Sachs Group, Inc. 3 brokerages rating the stock a strong buy, 8 brokerages rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $100.37. The company's quarterly EPS surprised Wall Street by as much as 10% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. Gilder Gagnon Howe & Co.

Sunrun maintained at an average outperform rating by 8 stock analysts, and there are at least 19.38% of shares outstanding that are now legally short sold.

As of quarter end Gwm Advisors LLC had bought a total of 59 shares growing its position 3.6%. Moreover, Macnealy Hoover Invest Management has 1.13% invested in Northrop Grumman Corporation (NYSE:NOC). Meeder Asset Management Inc. purchased a new stake in shares of Orbital ATK during the second quarter worth about $128,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Orbital ATK by 1.5% during the 1st quarter.

Thompson said Orbital ATK's existing space programs, which include the Antares launcher and Cygnus cargo carrier for the International Space Station, a commercial satellite servicer called the Mission Extension Vehicle, and other rocket and satellite product lines, will continue unimpeded during the transaction. The corporate marriage combined Orbital's satellite manufacturing, missile and launcher expertise with ATK's solid propulsion and composite structure heritage.

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