(NYSE:OA) Upgraded by Zacks Investment Research to Buy

Ausiliatrice Cristiano
Agosto 12, 2017

Capstone Asset Management Co. increased its position in shares of Orbital ATK, Inc. (NYSE:OA) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). LSV Asset Management now owns 1,409,015 shares of the aerospace company's stock worth $138,590,000 after buying an additional 1,384,515 shares during the period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Jefferies Group LLC restated a "buy" rating and set a $122.00 price target (up from $115.00) on shares of Orbital ATK in a research report on Friday, August 4th. As of quarter end Elk Creek Partners, LLC had disposed of 4,152 shares trimming its position 8.9%. The value of the company's investment in Orbital ATK, Inc. went from $4,569,000 to $4,177,000 a change of 8.6% quarter to quarter. BlackRock Inc. increased its position in shares of Orbital ATK by 17,832.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Orbital ATK by 23.0% in the first quarter. BlackRock Inc. now owns 5,090,376 shares of the aerospace company's stock valued at $498,857,000 after buying an additional 5,061,989 shares during the last quarter. Its stake stood at $25,000,000 an increase of 86.5% as of the end of the quarter.

Recent Dividend History for Orbital ATK, Inc. Bbva Compass Bancshares Inc. now owns 6,585 shares of the aerospace company's stock valued at $645,000 after buying an additional 1,044 shares during the period. The firm owned 6,695 shares of the aerospace company's stock after selling 336 shares during the period. Orbital ATK earned a news impact score of 0.14 on Accern's scale. (OA) traded up 0.70% during midday trading on Friday, reaching $106.58.

The company's P/E ratio is 22.05 and the market cap of the company is 6.10B. Orbital ATK Inc has recorded a 50-day average of $102.16 and a two hundred day average of $97.80. Orbital ATK, Inc. has a one year low of $71.52 and a one year high of $107.45.

Orbital ATK (NYSE:OA) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.45 by $0.11. The company had revenue of $1.12 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter past year, the business posted $1.35 EPS. In the latest earnings report the EPS was $4.80 and is projected to be $6.16 for the current year with 57,607,000 shares now outstanding.

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OA has been the topic of several analyst reports. Finally, BidaskClub raised shares of Orbital ATK from a "hold" rating to a "buy" rating in a research note on Saturday, July 8th. Zacks Investment Research lowered shares of Orbital ATK from a "hold" rating to a "sell" rating in a report on Tuesday, July 11th. Stifel Nicolaus reissued a "buy" rating on shares of Orbital ATK in a report on Friday, August 4th. Goldman Sachs Group, Inc. Orbital ATK presently has an average rating of "Buy" and a consensus price target of $105.42. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Orbital ATK now has a consensus rating of "Buy" and a consensus target price of $105.42.

On 7/28/2017 Thomas E. Mccabe, VP, sold 400 with an average share price of $101.60 per share and the total transaction amounting to $40,640.00.

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