Twelve Points Wealth Management LLC Has $1.56 Million Holdings in Atkore Inc. (NYSE:ATKR)

Twelve Points Wealth Management LLC lifted its holdings in shares of Atkore Inc. (NYSE:ATKR) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,723 shares of the company’s stock after buying an additional 1,673 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in Atkore were worth $1,562,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ATKR. Pacer Advisors Inc. lifted its stake in Atkore by 30.2% in the fourth quarter. Pacer Advisors Inc. now owns 841 shares of the company’s stock valued at $70,000 after buying an additional 195 shares during the period. KBC Group NV boosted its stake in Atkore by 47.7% during the 4th quarter. KBC Group NV now owns 1,452 shares of the company’s stock worth $121,000 after acquiring an additional 469 shares during the last quarter. Linden Thomas Advisory Services LLC grew its holdings in Atkore by 16.7% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 3,799 shares of the company’s stock valued at $317,000 after purchasing an additional 544 shares during the period. Exchange Traded Concepts LLC increased its stake in Atkore by 2,642.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 29,947 shares of the company’s stock valued at $2,499,000 after purchasing an additional 28,855 shares in the last quarter. Finally, Lakewood Asset Management LLC raised its holdings in Atkore by 1.4% in the fourth quarter. Lakewood Asset Management LLC now owns 9,057 shares of the company’s stock worth $756,000 after purchasing an additional 126 shares during the period.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Roth Mkm assumed coverage on shares of Atkore in a research report on Tuesday, December 17th. They issued a “buy” rating and a $100.00 price objective for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $102.00 price target (up previously from $93.00) on shares of Atkore in a research report on Wednesday, December 4th. Roth Capital upgraded Atkore to a “strong-buy” rating in a research report on Monday, December 16th. B. Riley lowered shares of Atkore from a “buy” rating to a “neutral” rating and cut their price target for the company from $135.00 to $84.00 in a research note on Friday, November 22nd. Finally, Loop Capital reduced their price target on shares of Atkore from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.67.

Atkore Price Performance

Shares of ATKR opened at $81.05 on Wednesday. The company has a quick ratio of 1.96, a current ratio of 2.98 and a debt-to-equity ratio of 0.50. Atkore Inc. has a twelve month low of $76.01 and a twelve month high of $194.98. The stock has a market capitalization of $2.81 billion, a P/E ratio of 6.42 and a beta of 2.13. The company has a 50 day moving average of $86.31 and a 200-day moving average of $93.89.

Atkore (NYSE:ATKR) last issued its quarterly earnings results on Thursday, November 21st. The company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.06). Atkore had a net margin of 14.77% and a return on equity of 32.14%. The business had revenue of $788.30 million during the quarter, compared to analyst estimates of $749.49 million. During the same quarter in the previous year, the firm posted $3.63 earnings per share. The firm’s quarterly revenue was down 9.4% on a year-over-year basis. As a group, equities research analysts forecast that Atkore Inc. will post 6.62 EPS for the current fiscal year.

Atkore Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, December 6th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, December 6th. Atkore’s dividend payout ratio is currently 10.13%.

Insider Activity

In related news, insider Mark F. Lamps sold 500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $96.55, for a total value of $48,275.00. Following the transaction, the insider now owns 27,626 shares in the company, valued at approximately $2,667,290.30. This represents a 1.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Daniel S. Kelly sold 13,071 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $95.74, for a total transaction of $1,251,417.54. Following the sale, the vice president now owns 27,528 shares of the company’s stock, valued at $2,635,530.72. This trade represents a 32.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,924 shares of company stock valued at $1,614,975. 1.99% of the stock is owned by insiders.

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.