Atkore Inc. (NYSE:ATKR) Shares Sold by Strs Ohio

Strs Ohio trimmed its position in shares of Atkore Inc. (NYSE:ATKR) by 18.9% in the fourth quarter, HoldingsChannel reports. The firm owned 4,300 shares of the company’s stock after selling 1,000 shares during the period. Strs Ohio’s holdings in Atkore were worth $688,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new stake in shares of Atkore during the 3rd quarter worth about $30,000. Anchor Investment Management LLC bought a new stake in shares of Atkore during the 4th quarter worth about $32,000. NBC Securities Inc. bought a new stake in shares of Atkore during the 3rd quarter worth about $54,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Atkore during the 4th quarter worth about $72,000. Finally, Parkside Financial Bank & Trust raised its position in shares of Atkore by 34.9% during the 3rd quarter. Parkside Financial Bank & Trust now owns 533 shares of the company’s stock worth $80,000 after buying an additional 138 shares in the last quarter.

Insider Activity at Atkore

In related news, CEO William E. Jr. Waltz sold 43,072 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $160.48, for a total transaction of $6,912,194.56. Following the transaction, the chief executive officer now directly owns 83,716 shares of the company’s stock, valued at $13,434,743.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO William E. Jr. Waltz sold 43,072 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $160.48, for a total transaction of $6,912,194.56. Following the transaction, the chief executive officer now directly owns 83,716 shares of the company’s stock, valued at $13,434,743.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Leangela W. Lowe sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $176.07, for a total transaction of $1,144,455.00. Following the transaction, the vice president now directly owns 25,590 shares in the company, valued at $4,505,631.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,464 shares of company stock valued at $25,124,751. Corporate insiders own 2.56% of the company’s stock.

Wall Street Analysts Forecast Growth

ATKR has been the topic of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $187.00 target price on shares of Atkore in a report on Friday, March 22nd. StockNews.com upgraded shares of Atkore from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Finally, Citigroup boosted their target price on shares of Atkore from $176.00 to $200.00 and gave the stock a “neutral” rating in a report on Monday, April 8th.

Atkore Stock Up 1.1 %

ATKR stock opened at $181.14 on Friday. Atkore Inc. has a 52-week low of $116.14 and a 52-week high of $194.98. The company’s 50 day simple moving average is $172.72 and its 200-day simple moving average is $153.15. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.96 and a quick ratio of 1.99. The firm has a market capitalization of $6.66 billion, a P/E ratio of 10.86 and a beta of 2.19.

Atkore (NYSE:ATKR) last released its quarterly earnings results on Thursday, February 1st. The company reported $4.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $1.04. Atkore had a net margin of 18.80% and a return on equity of 46.79%. The business had revenue of $798.50 million for the quarter, compared to analyst estimates of $777.05 million. During the same quarter in the previous year, the business earned $4.51 earnings per share. The firm’s revenue was down 4.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Atkore Inc. will post 15.06 EPS for the current year.

Atkore Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.32 per share. The ex-dividend date was Monday, February 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.71%. Atkore’s dividend payout ratio is currently 7.67%.

Atkore Profile

Atkore Inc engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures protection and reliability solutions for critical infrastructure, such as metal framing, mechanical pipe, perimeter security, and cable management.