ARK Investment Management LLC increased its position in shares of Orbital ATK, Inc. (NYSE:OA) by 104.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,609 shares of the aerospace company’s stock after purchasing an additional 3,381 shares during the quarter. ARK Investment Management LLC’s holdings in Orbital ATK were worth $650,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in OA. BlackRock Inc. increased its position in shares of Orbital ATK by 17,832.1% during the 1st quarter. BlackRock Inc. now owns 5,090,376 shares of the aerospace company’s stock worth $498,857,000 after purchasing an additional 5,061,989 shares in the last quarter. LSV Asset Management increased its position in shares of Orbital ATK by 5,651.1% during the 2nd quarter. LSV Asset Management now owns 1,409,015 shares of the aerospace company’s stock worth $138,590,000 after purchasing an additional 1,384,515 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Orbital ATK by 48.3% during the 1st quarter. Clearbridge Investments LLC now owns 1,091,495 shares of the aerospace company’s stock worth $106,967,000 after purchasing an additional 355,311 shares in the last quarter. Martingale Asset Management L P increased its position in shares of Orbital ATK by 4,908.9% during the 2nd quarter. Martingale Asset Management L P now owns 245,437 shares of the aerospace company’s stock worth $24,143,000 after purchasing an additional 240,537 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Orbital ATK by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 4,752,439 shares of the aerospace company’s stock worth $465,739,000 after purchasing an additional 227,516 shares in the last quarter. Institutional investors and hedge funds own 85.39% of the company’s stock.

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Orbital ATK, Inc. (OA) traded up 0.18% during midday trading on Friday, reaching $132.64. 908,483 shares of the company’s stock traded hands. The company has a market cap of $7.64 billion, a P/E ratio of 27.61 and a beta of -0.34. Orbital ATK, Inc. has a 52-week low of $71.52 and a 52-week high of $133.39. The stock has a 50-day moving average of $108.83 and a 200 day moving average of $101.75.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Wednesday, September 6th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Friday, September 1st.

In other Orbital ATK news, insider Frank L. Jr. Culbertson sold 2,002 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas E. Mccabe sold 400 shares of the 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 disclosure for this sale can be found here. Insiders have sold a total of 3,002 shares of company stock valued at $316,492 in the last three months. Insiders own 1.20% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus cut shares of Orbital ATK from a “buy” rating to a “hold” rating and increased their target price for the stock from $120.00 to $134.50 in a research report on Tuesday. Argus cut shares of Orbital ATK from a “buy” rating to a “hold” rating in a research report on Tuesday. Cowen and Company reiterated a “hold” rating and set a $134.50 target price on shares of Orbital ATK in a research report on Tuesday. BidaskClub cut shares of Orbital ATK from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research upgraded shares of Orbital ATK from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $117.00.

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.

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

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