Spark Investment Management LLC purchased a new position in Orbital ATK, Inc. (NYSE:OA) during the second quarter, according to its most recent disclosure with the SEC. The fund purchased 12,900 shares of the aerospace company’s stock, valued at approximately $1,268,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OA. Great West Life Assurance Co. Can increased its position in Orbital ATK by 0.6% in the second quarter. Great West Life Assurance Co. Can now owns 34,095 shares of the aerospace company’s stock worth $3,353,000 after buying an additional 204 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Orbital ATK by 2.6% in the second quarter. Janney Montgomery Scott LLC now owns 22,299 shares of the aerospace company’s stock worth $2,193,000 after buying an additional 574 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Orbital ATK by 5.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,774 shares of the aerospace company’s stock worth $1,060,000 after buying an additional 551 shares in the last quarter. Congress Asset Management Co. MA purchased a new position in Orbital ATK during the second quarter worth about $7,130,000. Finally, ING Groep NV purchased a new position in Orbital ATK during the second quarter worth about $691,000. Hedge funds and other institutional investors own 86.42% of the company’s stock.

Shares of Orbital ATK, Inc. (OA) opened at 105.13 on Wednesday. The firm has a market capitalization of $6.07 billion, a PE ratio of 21.68 and a beta of -0.31. The stock has a 50 day moving average price of $101.31 and a 200 day moving average price of $97.16. Orbital ATK, Inc. has a 12-month low of $67.04 and a 12-month high of $107.45.

Orbital ATK (NYSE:OA) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $1.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.11. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.35 earnings per share. Analysts predict that Orbital ATK, Inc. will post $6.16 EPS for the current fiscal year.

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OA has been the topic of several analyst reports. Stifel Nicolaus reiterated a “buy” rating on shares of Orbital ATK in a research note on Friday, August 4th. Jefferies Group LLC reiterated a “buy” rating and issued a $122.00 target price on shares of Orbital ATK in a research note on Friday, August 4th. BidaskClub downgraded Orbital ATK from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. 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 note on Monday, July 31st. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $106.00 target price on shares of Orbital ATK in a research note on Monday, June 5th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Orbital ATK currently has an average rating of “Buy” and a consensus price target of $104.68.

In related news, insider Frank L. Jr. Culbertson sold 2,002 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $105.89, for a total value of $211,991.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christine Ann Wolf sold 5,039 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $101.54, for a total value of $511,660.06. The disclosure for this sale can be found here. Insiders have sold 16,674 shares of company stock valued at $1,722,611 over the last ninety days. 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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