Orbital ATK, Inc. (OA) Downgraded by Jefferies Group LLC to Hold

Orbital ATK, Inc. (NYSE:OA) was downgraded by equities research analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating in a research report issued on Thursday, October 5th, Marketbeat reports. They currently have a $134.50 price objective on the aerospace company’s stock, up from their previous price objective of $122.00. Jefferies Group LLC’s target price points to a potential upside of 0.79% from the stock’s previous close.

OA has been the subject of a number of other reports. TheStreet raised shares of Orbital ATK from a “c” rating to a “b” rating in a research note on Monday, August 28th. ValuEngine raised shares of Orbital ATK from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. 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 raised shares of Orbital ATK from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Monday, July 31st. Finally, Argus raised shares of Orbital ATK from a “hold” rating to a “buy” rating and boosted their target price 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. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Orbital ATK currently has an average rating of “Hold” and an average target price of $122.28.

Shares of Orbital ATK (NYSE:OA) traded down 0.30% during midday trading on Thursday, hitting $133.04. The stock had a trading volume of 158,984 shares. Orbital ATK has a 52-week low of $72.06 and a 52-week high of $134.59. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 27.69 and a beta of -0.31. The firm’s 50 day moving average price is $123.25 and its 200 day moving average price is $106.23.

Orbital ATK (NYSE:OA) last posted 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. Orbital ATK had a net margin of 6.11% and a return on equity of 15.62%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the business posted $1.35 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities research analysts expect that Orbital ATK will post $6.18 earnings per share for the current year.

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In other news, insider Frank L. Jr. Culbertson sold 2,002 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $105.89, for a total transaction of $211,991.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Thomas E. Mccabe sold 400 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $101.60, for a total transaction of $40,640.00. The disclosure for this sale can be found here. Insiders sold a total of 2,802 shares of company stock worth $296,110 over the last quarter. Insiders own 1.20% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. CENTRAL TRUST Co grew its position in Orbital ATK by 9.6% in 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 grew its position in Orbital ATK by 6.1% in 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 in the second quarter worth approximately $128,000. ETF Managers Group LLC bought a new stake in Orbital ATK in the second quarter worth approximately $228,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Orbital ATK by 8.5% in 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. 85.42% of the stock is currently owned by hedge funds and other institutional investors.

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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