Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Orbital ATK, Inc. (NYSE:OA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,175 shares of the aerospace company’s stock, valued at approximately $2,573,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in OA. BlackRock Inc. increased its position in Orbital ATK by 17,832.1% during the first quarter. BlackRock Inc. now owns 5,090,376 shares of the aerospace company’s stock worth $498,857,000 after buying an additional 5,061,989 shares during the last quarter. LSV Asset Management increased its position in 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 worth $138,590,000 after buying an additional 1,384,515 shares during the last quarter. Clearbridge Investments LLC increased its position in Orbital ATK by 48.3% during the first quarter. Clearbridge Investments LLC now owns 1,091,495 shares of the aerospace company’s stock worth $106,967,000 after buying an additional 355,311 shares during the last quarter. Martingale Asset Management L P increased its position in 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 worth $24,143,000 after buying an additional 240,537 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Orbital ATK by 5.0% during the first quarter. Vanguard Group Inc. now owns 4,752,439 shares of the aerospace company’s stock worth $465,739,000 after buying an additional 227,516 shares during the last quarter. 85.42% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently commented on OA. BidaskClub raised Orbital ATK from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Zacks Investment Research downgraded Orbital ATK from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Jefferies Group LLC reaffirmed a “buy” rating and issued 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 reaffirmed a “buy” rating on shares of Orbital ATK in a research report on Friday, August 4th. Finally, Argus raised Orbital ATK from a “hold” rating to a “buy” rating and upped their target price for the company from $106.58 to $120.00 in a research report on Monday, August 14th. They noted that the move was a valuation call. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $122.28.

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In related news, VP Thomas E. Mccabe sold 400 shares of Orbital ATK stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $101.60, for a total value of $40,640.00. The transaction 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 Orbital ATK stock in a transaction that occurred 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. In the last 90 days, insiders have sold 2,802 shares of company stock valued at $296,110. 1.20% of the stock is currently owned by company insiders.

Orbital ATK, Inc. (OA) opened at 133.28 on Wednesday. The firm has a market cap of $7.68 billion, a P/E ratio of 27.74 and a beta of -0.30. Orbital ATK, Inc. has a 52-week low of $72.06 and a 52-week high of $134.59. The stock has a 50 day moving average price of $123.25 and a 200 day moving average price of $106.23.

Orbital ATK (NYSE:OA) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.11. Orbital ATK had a net margin of 6.11% and a return on equity of 15.62%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business posted $1.35 EPS. Orbital ATK’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities analysts predict that Orbital ATK, Inc. will post $6.18 earnings per share for the current fiscal year.

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

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.

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

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