Orbital ATK, Inc. (NYSE:OA) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.

Several other equities analysts also recently commented on the company. Zacks Investment Research downgraded Orbital ATK from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. BidaskClub upgraded Orbital ATK from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Cowen and Company reiterated a “buy” rating on shares of Orbital ATK in a research report on Thursday, May 11th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $106.00 price objective on shares of Orbital ATK in a research report on Monday, June 5th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Orbital ATK in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Orbital ATK has an average rating of “Buy” and an average price target of $108.56.

Shares of Orbital ATK (OA) opened at 110.86 on Friday. Orbital ATK has a 12 month low of $71.52 and a 12 month high of $111.95. The firm has a 50-day moving average price of $105.47 and a 200 day moving average price of $99.93. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 23.08 and a beta of -0.31.

Orbital ATK (NYSE:OA) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $1.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 return on equity of 15.62% and a net margin of 6.11%. Orbital ATK’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $1.35 EPS. On average, analysts anticipate that Orbital ATK will post $6.17 EPS for the current fiscal year.

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In other news, Director Harrison H. Schmitt sold 500 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $99.28, for a total transaction of $49,640.00. Following the completion of the sale, the director now owns 11,952 shares in the company, valued at $1,186,594.56. The transaction was disclosed in a filing 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 on Friday, August 4th. The stock was sold at an average price of $105.89, for a total value of $211,991.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,302 shares of company stock valued at $344,454. 1.20% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. increased its stake in Orbital ATK by 17.3% in the first quarter. UBS Asset Management Americas Inc. now owns 22,185 shares of the aerospace company’s stock worth $2,174,000 after buying an additional 3,280 shares during the last quarter. World Asset Management Inc increased its stake in Orbital ATK by 0.9% in the first quarter. World Asset Management Inc now owns 2,763 shares of the aerospace company’s stock worth $271,000 after buying an additional 26 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Orbital ATK by 23.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,207 shares of the aerospace company’s stock worth $216,000 after buying an additional 413 shares during the last quarter. Comerica Bank increased its stake in Orbital ATK by 2.1% in the first quarter. Comerica Bank now owns 45,255 shares of the aerospace company’s stock worth $4,467,000 after buying an additional 939 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Orbital ATK by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 691,229 shares of the aerospace company’s stock worth $67,739,000 after buying an additional 27,571 shares during the last quarter. Institutional investors own 85.39% of the company’s stock.

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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