Orbital Sciences Corp. and Alliant Techsystems Inc. said Tuesday that they plan to merge in a $5 billion deal, creating a new aerospace and defense company called Orbital ATK Inc. that will employ 4,000 people in Maryland and Northern Virginia. Orbital Sciences Corp (NYSE:ORB) shares after opening at $34.02 moved to $34.16 on last trade day and at the end of the day closed at $30.96. Company price to sales ratio in past twelve months was calculated as 1.38 and price to cash ratio as 5.34. Orbital Sciences Corp (NYSE:ORB) showed a positive weekly performance of 11.53%.
Cummins Inc. (NYSE:CMI) reported first quarter EPS of $1.83 Tuesday morning, up from $1.49 last year. Analysts had expected EPS of $1.67. Cummins gapped open higher Tuesday, but was range-bound throughout the session. Cummins Inc. (NYSE:CMI) shares advanced 3.86% in last trading session and ended the day on $150.81. CMI return on equity ratio is recorded as 21.20% and its return on assets is 10.80%. Cummins Inc. (NYSE:CMI) yearly performance is 35.63%.
Shares of Smith & Wesson Holding Corp (NASDAQ:SWHC) have received an average recommendation of “Buy” from the twelve brokerages that are presently covering the stock. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $16.37.Smith & Wesson Holding Corp (NASDAQ:SWHC) shares moved up 2.08% in last trading session and was closed at $15.21, while trading in range of $14.76-15.70. Smith & Wesson Holding Corp (NASDAQ:SWHC) year to date performance is 12.75%.
Defense contractor Alliant Techsystems Inc. on Tuesday announced that its board of directors has unanimously approved a plan to create two independent, public companies in the outdoor sports and aerospace and defense industries. Alliant Techsystems Inc. (NYSE:ATK) weekly performance is 5.19%. On last trading day company shares ended up $148.22. Alliant Techsystems Inc. (NYSE:ATK) distance from 50-day simple moving average is 8.08%. Analysts mean target price for the company is $154.40.