Orbital ATK’s (NYSE:OA) “Buy” Rating Reaffirmed at Jefferies Group LLC

Jefferies Group LLC reiterated their buy rating on shares of Orbital ATK, Inc. (NYSE:OA) in a research report released on Friday morning. They currently have a $122.00 price objective on the aerospace company’s stock. Jefferies Group also issued estimates for Orbital ATK’s Q4 2017 earnings at $1.79 EPS and FY2017 earnings at $6.15 EPS.

OA has been the subject of several other reports. Zacks Investment Research raised shares of Orbital ATK from a sell rating to a hold rating in a report on Monday, July 17th. BidaskClub raised shares of Orbital ATK from a hold rating to a buy rating in a report on Saturday, July 8th. Cowen and Company reissued a buy rating on shares of Orbital ATK in a report on Thursday, May 11th. Finally, Goldman Sachs Group, Inc. (The) reissued a neutral rating and issued a $106.00 price target on shares of Orbital ATK in a report on Monday, June 5th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Orbital ATK has an average rating of Buy and an average price target of $104.68.

Shares of Orbital ATK (NYSE OA) traded up 0.09% on Friday, reaching $106.56. 257,593 shares of the company’s stock traded hands. The firm has a market cap of $6.15 billion, a P/E ratio of 21.97 and a beta of -0.31. The company’s 50-day moving average price is $100.78 and its 200 day moving average price is $96.97. Orbital ATK has a one year low of $67.04 and a one year high of $107.15.

Orbital ATK (NYSE:OA) last announced 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 15.86%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the firm earned $1.35 EPS. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts forecast that Orbital ATK will post $6.06 EPS for the current fiscal year.

In other news, VP Christine Ann Wolf sold 5,039 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $101.54, for a total transaction of $511,660.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Thomas E. Mccabe sold 400 shares of the firm’s stock in a transaction 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. In the last 90 days, insiders have sold 14,672 shares of company stock worth $1,510,619. Corporate insiders own 1.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Gilder Gagnon Howe & Co. LLC boosted its position in shares of Orbital ATK by 3.5% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,037 shares of the aerospace company’s stock worth $102,000 after buying an additional 35 shares during the last quarter. CENTRAL TRUST Co boosted its position in shares of 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 buying an additional 100 shares during the last quarter. Stephens Inc. AR boosted its position in shares of 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 buying an additional 72 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Orbital ATK during the second quarter worth approximately $128,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Orbital ATK by 23.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,207 shares of the aerospace company’s stock worth $216,000 after buying an additional 413 shares during the last quarter. Institutional investors own 86.31% 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.