Atkore Inc. $ATKR Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its position in Atkore Inc. (NYSE:ATKR) by 3.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 514,370 shares of the company’s stock after selling 15,800 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.48% of Atkore worth $30,857,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gates Capital Management Inc. boosted its position in shares of Atkore by 29.6% during the 4th quarter. Gates Capital Management Inc. now owns 2,607,354 shares of the company’s stock valued at $217,584,000 after purchasing an additional 595,774 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Atkore by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,090,817 shares of the company’s stock worth $91,028,000 after purchasing an additional 6,234 shares in the last quarter. Victory Capital Management Inc. raised its position in Atkore by 33.4% during the first quarter. Victory Capital Management Inc. now owns 628,300 shares of the company’s stock valued at $37,692,000 after acquiring an additional 157,470 shares in the last quarter. Wellington Management Group LLP raised its position in Atkore by 549.9% during the fourth quarter. Wellington Management Group LLP now owns 607,041 shares of the company’s stock valued at $50,658,000 after acquiring an additional 513,631 shares in the last quarter. Finally, Royce & Associates LP raised its position in Atkore by 8.4% during the first quarter. Royce & Associates LP now owns 447,425 shares of the company’s stock valued at $26,841,000 after acquiring an additional 34,673 shares in the last quarter.

Atkore Trading Down 0.5%

NYSE ATKR opened at $57.7010 on Wednesday. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 18.49 and a beta of 2.10. The stock’s 50 day moving average price is $69.42 and its two-hundred day moving average price is $66.10. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.08 and a current ratio of 3.09. Atkore Inc. has a 52 week low of $49.92 and a 52 week high of $105.28.

Atkore Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Tuesday, August 19th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.3%. Atkore’s payout ratio is presently 42.31%.

Insider Buying and Selling at Atkore

In other Atkore news, insider Mark F. Lamps sold 1,000 shares of the company’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $59.37, for a total value of $59,370.00. Following the transaction, the insider directly owned 31,873 shares of the company’s stock, valued at $1,892,300.01. This represents a 3.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.99% of the company’s stock.

Analyst Upgrades and Downgrades

ATKR has been the topic of several analyst reports. KeyCorp reiterated a “sector weight” rating on shares of Atkore in a report on Wednesday, August 6th. Roth Capital set a $78.00 price target on shares of Atkore and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Wall Street Zen upgraded shares of Atkore from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Citigroup reissued a “neutral” rating and set a $80.00 price objective (up from $70.00) on shares of Atkore in a report on Monday, June 9th. Finally, Royal Bank Of Canada lifted their price objective on Atkore from $65.00 to $70.00 and gave the company a “sector perform” rating in a report on Wednesday, May 7th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Atkore presently has an average rating of “Hold” and an average price target of $79.57.

About Atkore

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.