Orbital ATK, Inc. (NYSE:OA) was downgraded by equities research analysts at CL King from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, Marketbeat.com reports.

Several other research analysts have also weighed in on the company. ValuEngine raised Orbital ATK from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. TheStreet raised Orbital ATK from a “c” rating to a “b” rating in a research report on Monday, August 28th. Argus raised Orbital ATK from a “hold” rating to a “buy” rating and upped their price target for the company from $106.58 to $120.00 in a research report on Monday, August 14th. They noted that the move was a valuation call. Stifel Nicolaus reissued a “buy” rating on shares of Orbital ATK in a research report on Friday, August 4th. Finally, Jefferies Group LLC reissued 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. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Orbital ATK has a consensus rating of “Buy” and a consensus price target of $108.56.

Orbital ATK (NYSE OA) traded up 0.13% during midday trading on Tuesday, hitting $132.42. The stock had a trading volume of 2,882,174 shares. Orbital ATK has a 12-month low of $71.52 and a 12-month high of $133.39. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 27.56 and a beta of -0.34. The company has a 50-day moving average price of $107.96 and a 200-day moving average price of $101.47.

Orbital ATK (NYSE:OA) last posted its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.11. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. Orbital ATK had a return on equity of 15.62% and a net margin of 6.11%. Orbital ATK’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 earnings per share. Equities analysts anticipate that Orbital ATK will post $6.17 EPS for the current year.

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In other news, VP Thomas E. Mccabe sold 400 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $101.60, for a total transaction of $40,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank L. Jr. Culbertson sold 2,002 shares of the company’s stock in a transaction dated 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. Over the last ninety days, insiders sold 3,002 shares of company stock worth $316,492. Insiders own 1.20% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in OA. BlackRock Inc. boosted its stake in shares of Orbital ATK by 17,832.1% during the 1st quarter. BlackRock Inc. now owns 5,090,376 shares of the aerospace company’s stock worth $498,857,000 after acquiring an additional 5,061,989 shares in the last quarter. LSV Asset Management boosted its stake in shares of Orbital ATK by 5,651.1% during the 2nd quarter. LSV Asset Management now owns 1,409,015 shares of the aerospace company’s stock worth $138,590,000 after acquiring an additional 1,384,515 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Orbital ATK by 48.3% during the 1st quarter. Clearbridge Investments LLC now owns 1,091,495 shares of the aerospace company’s stock worth $106,967,000 after acquiring an additional 355,311 shares in the last quarter. Martingale Asset Management L P boosted its stake in shares of Orbital ATK by 4,908.9% during the 2nd quarter. Martingale Asset Management L P now owns 245,437 shares of the aerospace company’s stock worth $24,143,000 after acquiring an additional 240,537 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Orbital ATK by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 4,752,439 shares of the aerospace company’s stock worth $465,739,000 after acquiring an additional 227,516 shares in the last quarter. Institutional investors own 85.39% of the company’s stock.

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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