Orbital ATK, Inc. (NYSE:OA) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Monday.

OA has been the subject of several other research reports. Cowen and Company reissued a “hold” rating and set a $134.50 price objective on shares of Orbital ATK in a research report on Tuesday, September 19th. Stifel Nicolaus restated a “buy” rating on shares of Orbital ATK in a report on Thursday, September 21st. CL King downgraded shares of Orbital ATK from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 19th. Argus downgraded shares of Orbital ATK from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, SunTrust Banks, Inc. downgraded shares of Orbital ATK from a “buy” rating to a “hold” rating and set a $106.00 target price on the stock. in a research report on Tuesday, September 19th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Orbital ATK presently has an average rating of “Hold” and an average target price of $120.89.

Shares of Orbital ATK (NYSE:OA) opened at 134.12 on Monday. The stock’s 50 day moving average price is $116.56 and its 200 day moving average price is $104.21. Orbital ATK has a 12-month low of $71.52 and a 12-month high of $134.12. The company has a market cap of $7.73 billion, a P/E ratio of 27.92 and a beta of -0.30.

Orbital ATK (NYSE:OA) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.11. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 earnings per share. On average, analysts forecast that Orbital ATK will post $6.18 EPS for the current year.

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In other Orbital ATK news, insider Frank L. Jr. Culbertson sold 2,002 shares of Orbital ATK stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $105.89, for a total value of $211,991.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas E. Mccabe sold 400 shares of Orbital ATK stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $101.60, for a total transaction of $40,640.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,002 shares of company stock worth $316,492 over the last three months. 1.20% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Orbital ATK by 17,832.1% during the first quarter. BlackRock Inc. now owns 5,090,376 shares of the aerospace company’s stock valued at $498,857,000 after buying an additional 5,061,989 shares during the last quarter. LSV Asset Management increased its position in shares of Orbital ATK by 5,651.1% during the second quarter. LSV Asset Management now owns 1,409,015 shares of the aerospace company’s stock valued at $138,590,000 after acquiring an additional 1,384,515 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Orbital ATK by 48.3% during the first quarter. Clearbridge Investments LLC now owns 1,091,495 shares of the aerospace company’s stock valued at $106,967,000 after acquiring an additional 355,311 shares in the last quarter. Martingale Asset Management L P increased its position in shares of Orbital ATK by 4,908.9% during the second quarter. Martingale Asset Management L P now owns 245,437 shares of the aerospace company’s stock valued at $24,143,000 after acquiring an additional 240,537 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Orbital ATK by 5.0% during the first quarter. Vanguard Group Inc. now owns 4,752,439 shares of the aerospace company’s stock valued at $465,739,000 after acquiring an additional 227,516 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Orbital ATK Company Profile

Orbital ATK, Inc is an aerospace and defense systems company and supplier of related products to the United States Government, allied nations, prime contractors and other customers. The Company’s segments include Flight Systems Group, Defense Systems Group, Space Systems Group and Corporate. Its products include launch vehicles and related propulsion systems; satellites and associated components and services; tactical missiles, subsystems and defense electronics, and precision weapons, armament systems and ammunition.

Analyst Recommendations for Orbital ATK (NYSE:OA)

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