7 hours Ago By Defense World Staff
Envestnet Asset Management Inc. trimmed its position in shares of Atkore Inc. (NYSE:ATKR – Free Report) by 32.
6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,518 shares of the company’s stock after selling 17,686 shares during the period. Envestnet Asset Management Inc.
owned about 0.11% of Atkore worth $3,047,000 as of its most recent SEC filing. Other institutional investors also recently modified their holdings of the company.
Jones Financial Companies Lllp increased its position in Atkore by 87.7% during the 4th quarter. Jones Financial Companies Lllp now owns 398 shares of the company’s stock valued at $33,000 after purchasing an additional 186 shares during the period.
Pacer Advisors Inc. boosted its stake in shares of Atkore by 30.2% during the 4th quarter.
Pacer Advisors Inc. now owns 841 shares of the company’s stock valued at $70,000 after purchasing an additional 195 shares in the last quarter. Harbour Investments Inc.
increased its position in shares of Atkore by 3,333.3% during the fourth quarter. Harbour Investments Inc.
now owns 1,030 shares of the company’s stock valued at $86,000 after buying an additional 1,000 shares during the period. KBC Group NV raised its stake in Atkore by 47.7% in the fourth quarter.
KBC Group NV now owns 1,452 shares of the company’s stock worth $121,000 after buying an additional 469 shares in the last quarter. Finally, Matrix Trust Co lifted its holdings in Atkore by 657.7% in the fourth quarter.
Matrix Trust Co now owns 2,129 shares of the company’s stock worth $178,000 after buying an additional 1,848 shares during the period. Insider Activity at AtkoreIn related news, insider Mark F. Lamps sold 500 shares of the company’s stock in a transaction on Monday, February 10th.
The stock was sold at an average price of $65.00, for a total transaction of $32,500.00.
Following the completion of the sale, the insider now owns 33,760 shares in the company, valued at approximately $2,194,400. This represents a 1.46 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.99% of the stock is owned by insiders.
Analyst Ratings ChangesA number of research firms have weighed in on ATKR. Citigroup reduced their target price on Atkore from $78.00 to $66.
00 and set a “neutral” rating on the stock in a report on Monday, April 14th. KeyCorp reduced their price target on Atkore from $80.00 to $70.
00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Loop Capital lowered Atkore from a “buy” rating to a “hold” rating and lowered their price objective for the company from $115.00 to $65.
00 in a research report on Monday, February 10th. Finally, Royal Bank of Canada upped their target price on shares of Atkore from $64.00 to $65.
00 and gave the stock a “sector perform” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.
com, the company presently has an average rating of “Moderate Buy” and an average target price of $75.00.Check Out Our Latest Research Report on AtkoreAtkore Stock PerformanceATKR stock opened at $64.
08 on Friday. The stock’s 50 day simple moving average is $61.31 and its 200 day simple moving average is $76.
86. The company has a current ratio of 3.03, a quick ratio of 1.
96 and a debt-to-equity ratio of 0.51. Atkore Inc.
has a 12-month low of $49.92 and a 12-month high of $185.42.
The stock has a market capitalization of $2.23 billion, a PE ratio of 6.20 and a beta of 2.
02. Atkore (NYSE:ATKR – Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.
50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.45.
Atkore had a return on equity of 25.69% and a net margin of 12.42%.
The firm had revenue of $661.60 million for the quarter, compared to the consensus estimate of $680.77 million.
During the same period in the prior year, the company posted $4.12 earnings per share. The company’s quarterly revenue was down 17.
1% on a year-over-year basis. As a group, research analysts forecast that Atkore Inc. will post 5.
79 earnings per share for the current fiscal year. Atkore Announces DividendThe business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.
32 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.
28 annualized dividend and a dividend yield of 2.00%. Atkore’s payout ratio is 12.
39%. About Atkore (Free Report)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.Recommended StoriesFive stocks we like better than AtkoreMost active stocks: Dollar volume vs share volumeShort Sellers Gave Up on These 3 Names RecentlyWhat is the Euro STOXX 50 Index?3 Boring Stocks Outperforming the Market This YearWhat Are Dividend Contenders? Investing in Dividend ContendersIf You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy.
