BlackRock Inc. raised its holdings in shares of Orbital ATK, Inc. (NYSE:OA) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,157,936 shares of the aerospace company’s stock after buying an additional 67,560 shares during the period. BlackRock Inc. owned about 8.95% of Orbital ATK worth $507,335,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in OA. LSV Asset Management lifted its position in Orbital ATK by 5,651.1% during the second quarter. LSV Asset Management now owns 1,409,015 shares of the aerospace company’s stock valued at $138,590,000 after buying an additional 1,384,515 shares in the last quarter. Clearbridge Investments LLC lifted its position in Orbital ATK by 48.3% during the first quarter. Clearbridge Investments LLC now owns 1,091,495 shares of the aerospace company’s stock valued at $106,967,000 after buying an additional 355,311 shares in the last quarter. Martingale Asset Management L P lifted its position in Orbital ATK by 4,908.9% during the second quarter. Martingale Asset Management L P now owns 245,437 shares of the aerospace company’s stock valued at $24,143,000 after buying an additional 240,537 shares in the last quarter. Vanguard Group Inc. lifted its position in Orbital ATK by 5.0% during the first quarter. Vanguard Group Inc. now owns 4,752,439 shares of the aerospace company’s stock valued at $465,739,000 after buying an additional 227,516 shares in the last quarter. Finally, Morgan Stanley lifted its position in Orbital ATK by 53.7% during the first quarter. Morgan Stanley now owns 419,685 shares of the aerospace company’s stock valued at $41,130,000 after buying an additional 146,645 shares in the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on OA. Zacks Investment Research cut shares of Orbital ATK from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. TheStreet raised shares of Orbital ATK from a “c” rating to a “b” rating in a research report on Monday, August 28th. BidaskClub raised shares of Orbital ATK from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. ValuEngine raised shares of Orbital ATK from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $106.00 target price on shares of Orbital ATK in a research report on Monday, June 5th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $117.00.

In other 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 value of $40,640.00. The disclosure for this sale can be found here. Insiders sold 3,002 shares of company stock valued at $316,492 over the last three months. 1.20% of the stock is owned by company insiders.

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Shares of Orbital ATK, Inc. (NYSE:OA) opened at 132.64 on Monday. Orbital ATK, Inc. has a 12-month low of $71.52 and a 12-month high of $133.39. The company has a 50-day moving average of $108.83 and a 200 day moving average of $101.75. The firm has a market capitalization of $7.64 billion, a PE 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 consensus estimate of $1.45 by $0.11. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company posted $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 $6.18 EPS for the current year.

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

Orbital ATK 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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