Shares of Orbital ATK Inc. (NYSE:OA) traded up 2.5% during mid-day trading on Thursday . The stock traded as high as $77.32 and last traded at $77.28, with a volume of 376,029 shares traded. The stock had previously closed at $75.43.

OA has been the topic of several research reports. Cowen and Company downgraded shares of Orbital ATK from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 10th. Argus reiterated a “buy” rating on shares of Orbital ATK in a report on Wednesday, May 25th. TheStreet downgraded shares of Orbital ATK to a “hold” rating in a report on Thursday, May 26th. Zacks Investment Research downgraded shares of Orbital ATK from a “buy” rating to a “hold” rating in a report on Thursday, July 21st. Finally, Jefferies Group reiterated a “buy” rating on shares of Orbital ATK in a report on Friday, August 5th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $98.16.

The stock has a market cap of $4.53 billion and a PE ratio of 14.40. The stock has a 50 day moving average price of $81.25 and a 200 day moving average price of $84.42.

Orbital ATK (NYSE:OA) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.32 by $0.03. The company earned $1.05 billion during the quarter, compared to the consensus estimate of $1.13 billion. Analysts predict that Orbital ATK Inc. will post $5.50 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Wednesday, September 7th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, September 2nd.

A hedge fund recently raised its stake in Orbital ATK stock. I.G. Investment Management LTD. raised its position in shares of Orbital ATK Inc. (NYSE:OA) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,570 shares of the company’s stock after buying an additional 1,554 shares during the period. I.G. Investment Management LTD.’s holdings in Orbital ATK were worth $2,374,000 as of its most recent filing with the SEC.

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