Orbital ATK, Inc. (NYSE:OA) was downgraded by stock analysts at Wells Fargo & Company from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday.

Several other analysts have also commented on the stock. Jefferies Group LLC lowered shares of Orbital ATK from a “buy” rating to a “hold” rating and lifted their price target for the company from $122.00 to $134.50 in a research report on Thursday. 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 research report on Tuesday. ValuEngine lowered shares of Orbital ATK from a “buy” rating to a “hold” rating in a research report on Monday. Stifel Nicolaus reaffirmed a “buy” rating on shares of Orbital ATK in a research report on Thursday, September 21st. Finally, Cowen and Company reaffirmed a “hold” rating and set a $134.50 price target on shares of Orbital ATK in a research report on Tuesday, September 19th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $122.28.

Orbital ATK (NYSE:OA) traded down 0.31% on Friday, hitting $133.35. The stock had a trading volume of 385,125 shares. Orbital ATK has a 12 month low of $71.52 and a 12 month high of $134.59. The stock has a market cap of $7.68 billion, a PE ratio of 27.76 and a beta of -0.30. The firm’s 50 day moving average price is $118.08 and its 200-day moving average price is $104.64.

Orbital ATK (NYSE:OA) last released 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. The firm 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 business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.35 EPS. On average, analysts forecast that Orbital ATK will post $6.18 EPS for the current year.

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In related news, VP Thomas E. Mccabe sold 400 shares of Orbital ATK stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $101.60, for a total value 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 Orbital ATK 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 disclosure for this sale can be found here. Insiders sold a total of 3,002 shares of company stock valued at $316,492 in the last quarter. 1.20% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of OA. Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Orbital ATK by 30.8% in the third quarter. Leith Wheeler Investment Counsel Ltd. now owns 18,800 shares of the aerospace company’s stock worth $1,795,000 after acquiring an additional 4,430 shares in the last quarter. Perpetual Ltd grew its stake in shares of Orbital ATK by 1.6% in the second quarter. Perpetual Ltd now owns 26,000 shares of the aerospace company’s stock worth $2,557,000 after acquiring an additional 400 shares in the last quarter. Intl Fcstone Inc. acquired a new position in shares of Orbital ATK in the second quarter worth $257,000. Verition Fund Management LLC grew its stake in shares of Orbital ATK by 88.2% in the second quarter. Verition Fund Management LLC now owns 10,786 shares of the aerospace company’s stock worth $1,061,000 after acquiring an additional 5,055 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Orbital ATK by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 17,271 shares of the aerospace company’s stock worth $1,699,000 after acquiring an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 85.41% 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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