Sit Investment Associates Inc. decreased its stake in Orbital ATK Inc. (NYSE:OA) by 0.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 177,725 shares of the company’s stock after selling 982 shares during the period. Sit Investment Associates Inc. owned 0.30% of Orbital ATK worth $15,132,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of OA. LS Investment Advisors LLC purchased a new stake in shares of Orbital ATK during the second quarter valued at approximately $122,000. Seven Eight Capital LLC raised its stake in shares of Orbital ATK by 1,122.4% in the first quarter. Seven Eight Capital LLC now owns 2,396 shares of the company’s stock valued at $208,000 after buying an additional 2,200 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of Orbital ATK by 8.6% in the second quarter. Capstone Asset Management Co. now owns 3,021 shares of the company’s stock valued at $257,000 after buying an additional 240 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Orbital ATK by 1.9% in the first quarter. IFP Advisors Inc now owns 3,082 shares of the company’s stock valued at $268,000 after buying an additional 58 shares during the last quarter. Finally, Clark Capital Management Group Inc. raised its stake in shares of Orbital ATK by 1.3% in the first quarter. Clark Capital Management Group Inc. now owns 3,274 shares of the company’s stock valued at $285,000 after buying an additional 41 shares during the last quarter. 85.80% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Orbital ATK (NYSE:OA)

Orbital ATK Inc. (NYSE:OA) traded down 0.33% during trading on Thursday, reaching $75.35. 261,510 shares of the company were exchanged. Orbital ATK Inc. has a 52-week low of $67.04 and a 52-week high of $94.92. The firm has a 50-day moving average of $75.14 and a 200-day moving average of $83.34. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 14.04 and a beta of -0.19.

Orbital ATK (NYSE:OA) last announced its earnings results on Wednesday, August 10th. The company reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.03. Orbital ATK had a net margin of 5.94% and a return on equity of 16.55%. The company earned $1.05 billion during the quarter, compared to the consensus estimate of $1.13 billion. On average, equities analysts forecast that Orbital ATK Inc. will post $5.50 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Wednesday, September 7th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Friday, September 2nd. Orbital ATK’s dividend payout ratio is presently 27.15%.

Several brokerages have commented on OA. Zacks Investment Research upgraded shares of Orbital ATK from a “sell” rating to a “hold” rating in a research note on Monday, September 19th. Deutsche Bank AG began coverage on shares of Orbital ATK in a research note on Thursday, September 1st. They issued a “buy” rating and a $100.00 price target on the stock. Jefferies Group restated a “buy” rating and issued a $100.00 price target on shares of Orbital ATK in a research note on Friday, August 26th. Argus lowered shares of Orbital ATK from a “buy” rating to a “hold” rating and set a $91.75 price target on the stock. in a research note on Tuesday, August 23rd. Finally, Wells Fargo & Co. upgraded shares of Orbital ATK from a “market perform” rating to an “outperform” rating in a research note on Tuesday, August 23rd. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $98.16.

About Orbital ATK

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