NJ State Employees Deferred Compensation Plan continued to hold its position in shares of Orbital ATK, Inc. (NYSE:OA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,209 shares of the aerospace company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Orbital ATK were worth $512,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its stake in Orbital ATK by 17,832.1% in 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 period. Iridian Asset Management LLC CT boosted its stake in Orbital ATK by 46.0% in the first quarter. Iridian Asset Management LLC CT now owns 1,802,566 shares of the aerospace company’s stock worth $176,651,000 after buying an additional 568,164 shares during the period. Clearbridge Investments LLC boosted its stake in Orbital ATK by 48.3% in 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 period. Scout Investments Inc. boosted its stake in Orbital ATK by 188.8% in the first quarter. Scout Investments Inc. now owns 364,187 shares of the aerospace company’s stock worth $31,662,000 after buying an additional 238,087 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Orbital ATK by 5.0% in 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 period. 86.42% of the stock is currently owned by hedge funds and other institutional investors.

Orbital ATK, Inc. (OA) opened at 106.47 on Tuesday. Orbital ATK, Inc. has a 1-year low of $67.04 and a 1-year high of $106.95. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 21.95 and a beta of -0.31. The company’s 50 day moving average is $100.78 and its 200-day moving average is $96.97.

Orbital ATK (NYSE:OA) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.56 EPS for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.11. Orbital ATK had a net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the business earned $1.35 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts predict that Orbital ATK, Inc. will post $6.12 EPS for the current fiscal year.

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A number of research firms have recently weighed in on OA. Stifel Nicolaus reaffirmed a “buy” rating on shares of Orbital ATK in a report on Friday. Jefferies Group LLC reaffirmed a “buy” rating and set a $122.00 price target on shares of Orbital ATK in a report on Friday. BidaskClub cut Orbital ATK from a “buy” rating to a “hold” rating in a report on Monday, July 31st. 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 report on Monday, July 31st. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $106.00 price target on shares of Orbital ATK in a report on Monday, June 5th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $104.68.

In other news, VP Thomas E. Mccabe sold 400 shares of the company’s stock in a transaction that occurred 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 SEC, which is available through this hyperlink. Also, Director Harrison H. Schmitt sold 500 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $99.28, for a total transaction of $49,640.00. Following the transaction, the director now owns 11,952 shares in the company, valued at $1,186,594.56. The disclosure for this sale can be found here. Insiders have sold 16,674 shares of company stock worth $1,722,611 over the last quarter. 1.20% of the stock is owned by company insiders.

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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