CL King downgraded shares of Orbital ATK, Inc. (NYSE:OA) from a buy rating to a neutral rating in a research report sent to investors on Tuesday, MarketBeat Ratings reports.

Other equities analysts have also issued reports about the stock. TheStreet upgraded shares of Orbital ATK from a c rating to a b rating in a research note on Monday, August 28th. ValuEngine upgraded shares of Orbital ATK from a hold rating to a buy rating in a research note on Friday, September 1st. BidaskClub upgraded shares of Orbital ATK from a hold rating to a buy rating in a research note on Saturday, July 8th. Zacks Investment Research upgraded shares of 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, Argus upgraded shares of Orbital ATK from a hold rating to a buy rating and increased their price target for the company from $106.58 to $120.00 in a research note on Monday, August 14th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $117.00.

Shares of Orbital ATK (OA) opened at 132.64 on Tuesday. Orbital ATK has a 52-week low of $71.52 and a 52-week high of $133.39. The firm’s 50-day moving average is $108.83 and its 200 day moving average is $101.75. The stock has a market cap of $7.64 billion, a P/E ratio of 27.61 and a beta of -0.34.

Orbital ATK (NYSE:OA) last announced its quarterly 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 for the quarter, compared to analyst estimates of $1.12 billion. Orbital ATK had a net margin of 6.11% and a return on equity of 15.62%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.35 earnings per share. Analysts forecast that Orbital ATK will post $6.18 earnings per share for the current fiscal year.

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

In related news, VP Thomas E. Mccabe sold 400 shares of Orbital ATK stock in a transaction on Friday, July 28th. The shares were sold at an average price of $101.60, for a total value of $40,640.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Frank L. Jr. Culbertson sold 2,002 shares of Orbital ATK stock in a transaction on Friday, August 4th. The shares were sold at an average price of $105.89, for a total transaction of $211,991.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,002 shares of company stock worth $316,492. Insiders own 1.20% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Orbital ATK by 1.3% in the 2nd quarter. BlackRock Inc. now owns 5,157,936 shares of the aerospace company’s stock valued at $507,335,000 after buying an additional 67,560 shares during the last quarter. Vanguard Group Inc. grew its position in Orbital ATK by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 4,824,620 shares of the aerospace company’s stock valued at $474,550,000 after buying an additional 72,181 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Orbital ATK by 0.4% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,123,788 shares of the aerospace company’s stock valued at $208,131,000 after buying an additional 8,339 shares during the last quarter. Iridian Asset Management LLC CT grew its position in Orbital ATK by 5.6% in the 2nd quarter. Iridian Asset Management LLC CT now owns 1,903,390 shares of the aerospace company’s stock valued at $187,217,000 after buying an additional 100,824 shares during the last quarter. Finally, State Street Corp grew its position in Orbital ATK by 3.1% in the 2nd quarter. State Street Corp now owns 1,705,419 shares of the aerospace company’s stock valued at $167,746,000 after buying an additional 51,590 shares during the last quarter. Hedge funds and other institutional investors own 85.39% 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.

Analyst Recommendations for Orbital ATK (NYSE:OA)

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