ProShare Advisors LLC lessened its position in Orbital ATK, Inc. (NYSE:OA) by 16.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,303 shares of the aerospace company’s stock after selling 861 shares during the period. ProShare Advisors LLC’s holdings in Orbital ATK were worth $423,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of OA. BlackRock Inc. grew its position in shares of Orbital ATK by 1.3% in the 2nd quarter. BlackRock Inc. now owns 5,157,936 shares of the aerospace company’s stock valued at $507,335,000 after buying an additional 67,560 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Orbital ATK by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 4,752,439 shares of the aerospace company’s stock valued at $465,739,000 after purchasing an additional 227,516 shares in the last quarter. Iridian Asset Management LLC CT boosted its position in shares of Orbital ATK by 5.6% during the 2nd quarter. Iridian Asset Management LLC CT now owns 1,903,390 shares of the aerospace company’s stock valued at $187,217,000 after purchasing an additional 100,824 shares in the last quarter. LSV Asset Management boosted its position in shares of Orbital ATK by 5,651.1% during the 2nd quarter. LSV Asset Management now owns 1,409,015 shares of the aerospace company’s stock valued at $138,590,000 after purchasing an additional 1,384,515 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in shares of Orbital ATK by 48.3% during the 1st quarter. Clearbridge Investments LLC now owns 1,091,495 shares of the aerospace company’s stock valued at $106,967,000 after purchasing an additional 355,311 shares in the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

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In other Orbital ATK news, VP Thomas E. Mccabe sold 400 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $101.60, for a total transaction of $40,640.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frank L. Jr. Culbertson sold 2,002 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $105.89, for a total transaction of $211,991.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,002 shares of company stock worth $316,492. Insiders own 1.20% of the company’s stock.

Shares of Orbital ATK, Inc. (NYSE:OA) opened at 133.78 on Friday. Orbital ATK, Inc. has a 52 week low of $71.52 and a 52 week high of $134.59. The stock has a market capitalization of $7.71 billion, a P/E ratio of 27.85 and a beta of -0.30. The stock has a 50 day moving average price of $118.89 and a 200 day moving average price of $104.88.

Orbital ATK (NYSE:OA) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the firm posted $1.35 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that Orbital ATK, Inc. will post $6.18 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Stockholders of record on Wednesday, September 6th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.96%.

Several equities research analysts recently commented on OA shares. Zacks Investment Research upgraded Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and set a $122.00 target price (up previously from $115.00) on shares of Orbital ATK in a research report on Friday, August 4th. Stifel Nicolaus restated a “buy” rating on shares of Orbital ATK in a research report on Friday, August 4th. TheStreet upgraded Orbital ATK from a “c” rating to a “b” rating in a research report on Monday, August 28th. Finally, BidaskClub upgraded Orbital ATK from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $122.28.

About Orbital ATK

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.

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

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