Atkore Inc. (NYSE:ATKR) Shares Sold by Bailard Inc.

Bailard Inc. decreased its position in Atkore Inc. (NYSE:ATKR) by 6.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,300 shares of the company’s stock after selling 300 shares during the quarter. Bailard Inc.’s holdings in Atkore were worth $688,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Teza Capital Management LLC raised its stake in Atkore by 9.2% in the 3rd quarter. Teza Capital Management LLC now owns 1,446 shares of the company’s stock valued at $216,000 after purchasing an additional 122 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Atkore by 2.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 629,420 shares of the company’s stock valued at $100,707,000 after buying an additional 12,189 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Atkore by 3.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 564,384 shares of the company’s stock valued at $90,301,000 after buying an additional 19,876 shares during the period. New York Life Investment Management LLC purchased a new stake in Atkore in the 3rd quarter valued at about $594,000. Finally, Cambria Investment Management L.P. grew its holdings in Atkore by 7.2% in the 3rd quarter. Cambria Investment Management L.P. now owns 69,971 shares of the company’s stock valued at $10,439,000 after buying an additional 4,711 shares during the period.

Insiders Place Their Bets

In other Atkore news, VP Leangela W. Lowe sold 6,500 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $176.07, for a total value of $1,144,455.00. Following the completion of the transaction, the vice president now owns 25,590 shares in the company, valued at approximately $4,505,631.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Atkore news, VP Leangela W. Lowe sold 6,500 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $176.07, for a total value of $1,144,455.00. Following the transaction, the vice president now directly owns 25,590 shares of the company’s stock, valued at approximately $4,505,631.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Daniel S. Kelly sold 8,685 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $173.07, for a total value of $1,503,112.95. Following the completion of the transaction, the vice president now directly owns 34,907 shares in the company, valued at $6,041,354.49. The disclosure for this sale can be found here. Insiders sold a total of 148,464 shares of company stock worth $25,124,751 in the last 90 days. 2.56% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ATKR has been the subject of several recent analyst reports. Citigroup lifted their price target on Atkore from $176.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Royal Bank of Canada restated an “outperform” rating and issued a $187.00 price target on shares of Atkore in a report on Friday, March 22nd. Finally, StockNews.com upgraded Atkore from a “hold” rating to a “buy” rating in a report on Friday, April 5th.

Atkore Stock Up 1.0 %

Shares of NYSE:ATKR opened at $183.04 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.99 and a current ratio of 2.96. Atkore Inc. has a 1 year low of $116.14 and a 1 year high of $194.98. The stock has a market capitalization of $6.73 billion, a P/E ratio of 10.97 and a beta of 2.19. The stock has a 50-day simple moving average of $173.49 and a 200-day simple moving average of $153.41.

Atkore (NYSE:ATKR) last issued its earnings results on Thursday, February 1st. The company reported $4.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $1.04. The business had revenue of $798.50 million during the quarter, compared to analysts’ expectations of $777.05 million. Atkore had a return on equity of 46.79% and a net margin of 18.80%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.51 EPS. Equities analysts forecast that Atkore Inc. will post 15.06 earnings per share for the current year.

Atkore Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Monday, February 26th. Atkore’s dividend payout ratio is presently 7.67%.

Atkore Company 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.