Orbital ATK (NYSE:OA) declared a quarterly dividend on Wednesday, May 2nd, Zacks reports. Stockholders of record on Friday, May 11th will be given a dividend of 0.32 per share by the aerospace company on Thursday, May 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Thursday, May 10th.
Orbital ATK has a payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Orbital ATK to earn $7.39 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 17.3%.
NYSE OA opened at $133.52 on Friday. Orbital ATK has a 52 week low of $133.47 and a 52 week high of $133.50. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.49 and a current ratio of 1.68. The firm has a market cap of $7.71 billion, a PE ratio of 19.49, a PEG ratio of 2.20 and a beta of -0.27.
In other Orbital ATK news, VP Thomas E. Mccabe sold 1,540 shares of the business’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $131.80, for a total transaction of $202,972.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by insiders.
OA has been the subject of a number of research analyst reports. FIG Partners upgraded shares of Orbital ATK to a “market perform” rating in a research note on Wednesday, January 24th. ValuEngine upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Ten analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Orbital ATK presently has an average rating of “Hold” and a consensus price target of $126.21.
About Orbital ATK
Orbital ATK, Inc develops and produces aerospace and defense related products to the U.S. Government, allied nations, prime contractors, and other customers in the United States and internationally. It operates through three segments: Flight Systems Group, Defense Systems Group, and Space Systems Group.
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