Janney Montgomery Scott LLC boosted its stake in shares of Orbital ATK, Inc. (NYSE:OA) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,299 shares of the aerospace company’s stock after buying an additional 574 shares during the period. Janney Montgomery Scott LLC’s holdings in Orbital ATK were worth $2,193,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. US Bancorp DE raised its position in shares of Orbital ATK by 5.5% in the first quarter. US Bancorp DE now owns 28,294 shares of the aerospace company’s stock valued at $2,772,000 after buying an additional 1,484 shares during the period. Princeton Alpha Management LP purchased a new position in shares of Orbital ATK during the first quarter valued at about $487,000. AMG National Trust Bank raised its position in shares of Orbital ATK by 12.1% in the first quarter. AMG National Trust Bank now owns 8,895 shares of the aerospace company’s stock valued at $872,000 after buying an additional 961 shares during the period. Bbva Compass Bancshares Inc. raised its position in shares of Orbital ATK by 18.8% in the first quarter. Bbva Compass Bancshares Inc. now owns 6,585 shares of the aerospace company’s stock valued at $645,000 after buying an additional 1,044 shares during the period. Finally, Eqis Capital Management Inc. raised its position in shares of Orbital ATK by 20.1% in the first quarter. Eqis Capital Management Inc. now owns 6,994 shares of the aerospace company’s stock valued at $685,000 after buying an additional 1,170 shares during the period. 86.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of Orbital ATK, Inc. (OA) opened at 106.56 on Monday. The company has a 50-day moving average price of $100.78 and a 200-day moving average price of $96.97. Orbital ATK, Inc. has a 12-month low of $67.04 and a 12-month high of $107.15. The company has a market cap of $6.15 billion, a P/E ratio of 21.97 and a beta of -0.31.

Orbital ATK (NYSE:OA) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.11. Orbital ATK had a return on equity of 15.86% and a net margin of 6.11%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company posted $1.35 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Orbital ATK, Inc. will post $6.06 earnings per share for the current year.

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Several brokerages have recently issued reports on OA. Jefferies Group LLC reaffirmed a “buy” rating and set a $122.00 price target on shares of Orbital ATK in a research note on Friday. Stifel Nicolaus reaffirmed a “buy” rating on shares of Orbital ATK in a research note on Friday. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $106.00 price target on shares of Orbital ATK in a research note on Monday, June 5th. Zacks Investment Research raised Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Monday, July 31st. Finally, BidaskClub raised Orbital ATK from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $104.68.

In other news, VP Thomas E. Mccabe sold 3,533 shares of Orbital ATK stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $103.24, for a total value of $364,746.92. Following the completion of the transaction, the vice president now directly owns 8,138 shares of the company’s stock, valued at approximately $840,167.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Harrison H. Schmitt sold 500 shares of Orbital ATK stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $99.28, for a total value of $49,640.00. Following the completion of the transaction, the director now directly owns 11,952 shares of the company’s stock, valued at $1,186,594.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,672 shares of company stock valued at $1,510,619. Corporate insiders own 1.20% of the company’s stock.

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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