Orbital ATK, Inc. (OA) Stake Cut by Creative Planning

Creative Planning cut its stake in Orbital ATK, Inc. (NYSE:OA) by 4.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 6,695 shares of the aerospace company’s stock after selling 336 shares during the period. Creative Planning’s holdings in Orbital ATK were worth $659,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OA. Narwhal Capital Management boosted its position in Orbital ATK by 18.0% in the second quarter. Narwhal Capital Management now owns 34,890 shares of the aerospace company’s stock valued at $3,432,000 after buying an additional 5,325 shares during the period. Bank of Montreal Can boosted its position in Orbital ATK by 0.6% in the second quarter. Bank of Montreal Can now owns 2,651 shares of the aerospace company’s stock valued at $261,000 after buying an additional 15 shares during the period. Capstone Asset Management Co. boosted its position in Orbital ATK by 4.0% in the second quarter. Capstone Asset Management Co. now owns 3,371 shares of the aerospace company’s stock valued at $332,000 after buying an additional 130 shares during the period. Fox Run Management L.L.C. purchased a new position in Orbital ATK during the second quarter valued at approximately $443,000. Finally, Leith Wheeler Investment Counsel Ltd. boosted its position in Orbital ATK by 21.4% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 14,370 shares of the aerospace company’s stock valued at $1,413,000 after buying an additional 2,530 shares during the period. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Orbital ATK, Inc. (NYSE:OA) opened at 103.24 on Tuesday. The stock has a 50 day moving average of $100.19 and a 200 day moving average of $96.38. The company has a market capitalization of $5.96 billion, a PE ratio of 21.29 and a beta of -0.32. Orbital ATK, Inc. has a 12-month low of $67.04 and a 12-month high of $105.09.

Orbital ATK (NYSE:OA) last posted its quarterly earnings data on Thursday, May 11th. The aerospace company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.37 by $0.14. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. Orbital ATK had a net margin of 5.86% and a return on equity of 15.34%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.44 EPS. On average, equities research analysts predict that Orbital ATK, Inc. will post $6.05 EPS for the current year.

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Several research firms have commented on OA. Zacks Investment Research upgraded shares of Orbital ATK from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. BidaskClub upgraded shares of Orbital ATK from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $106.00 target price on shares of Orbital ATK in a research report on Monday, June 5th. Cowen and Company restated a “buy” rating on shares of Orbital ATK in a research report on Thursday, May 11th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $115.00 target price on shares of Orbital ATK in a research report on Wednesday, April 12th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $103.28.

In other news, Director Harrison H. Schmitt sold 1,000 shares of Orbital ATK stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $99.01, for a total transaction of $99,010.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Christine Ann Wolf sold 5,039 shares of Orbital ATK stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $101.54, for a total transaction of $511,660.06. The disclosure for this sale can be found here. Insiders sold a total of 17,194 shares of company stock valued at $1,759,267 in the last 90 days. Corporate insiders own 1.20% 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.

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Institutional Ownership by Quarter for Orbital ATK (NYSE:OA)

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