Jefferies Group LLC cut shares of Orbital ATK, Inc. (NYSE:OA) from a buy rating to a hold rating in a research note released on Thursday morning, MarketBeat reports. The brokerage currently has $134.50 price objective on the aerospace company’s stock, up from their previous price objective of $122.00.

A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Orbital ATK from a hold rating to a buy rating and set a $150.00 price target on the stock in a report on Tuesday, October 3rd. ValuEngine lowered shares of Orbital ATK from a buy rating to a hold rating in a report on Monday, October 2nd. Stifel Nicolaus reissued a buy rating on shares of Orbital ATK in a report on Thursday, September 21st. Cowen and Company reissued a hold rating and issued a $134.50 price target on shares of Orbital ATK in a report on Tuesday, September 19th. Finally, SunTrust Banks, Inc. lowered shares of Orbital ATK from a buy rating to a hold rating and set a $106.00 price target on the stock. in a report on Tuesday, September 19th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $122.28.

Shares of Orbital ATK (NYSE OA) opened at 133.78 on Thursday. Orbital ATK has a 12 month low of $71.52 and a 12 month high of $134.59. The company has a market cap of $7.71 billion, a PE ratio of 27.85 and a beta of -0.31. The firm’s 50-day moving average is $118.89 and its 200-day moving average is $104.88.

Orbital ATK (NYSE:OA) last announced its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The business 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 company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.35 EPS. On average, equities research analysts predict that Orbital ATK will post $6.18 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which was paid on Thursday, September 21st. Stockholders of record on Wednesday, September 6th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Friday, September 1st.

In related news, VP Thomas E. Mccabe sold 400 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $101.60, for a total transaction of $40,640.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Frank L. Jr. Culbertson sold 2,002 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was 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. Insiders have sold 3,002 shares of company stock worth $316,492 in the last three months. 1.20% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of OA. CENTRAL TRUST Co boosted its stake in Orbital ATK by 9.6% during the second quarter. CENTRAL TRUST Co now owns 1,143 shares of the aerospace company’s stock worth $112,000 after acquiring an additional 100 shares in the last quarter. Stephens Inc. AR boosted its stake in Orbital ATK by 6.1% during the first quarter. Stephens Inc. AR now owns 1,253 shares of the aerospace company’s stock worth $123,000 after acquiring an additional 72 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Orbital ATK during the second quarter worth about $128,000. ETF Managers Group LLC bought a new stake in Orbital ATK during the second quarter worth about $228,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Orbital ATK by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,394 shares of the aerospace company’s stock worth $235,000 after acquiring an additional 187 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Orbital ATK (NYSE:OA)

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