Atkore Inc. (NYSE:ATKR) Shares Acquired by Boston Trust Walden Corp

Boston Trust Walden Corp increased its stake in shares of Atkore Inc. (NYSE:ATKR) by 44.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 272,939 shares of the company’s stock after acquiring an additional 84,584 shares during the period. Boston Trust Walden Corp’s holdings in Atkore were worth $22,777,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ATKR. Allspring Global Investments Holdings LLC lifted its position in shares of Atkore by 26.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,234,350 shares of the company’s stock worth $104,599,000 after purchasing an additional 261,234 shares in the last quarter. M&G PLC acquired a new stake in shares of Atkore during the third quarter valued at about $9,123,000. Algert Global LLC increased its position in shares of Atkore by 331.6% during the third quarter. Algert Global LLC now owns 125,894 shares of the company’s stock worth $10,668,000 after acquiring an additional 96,724 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Atkore in the third quarter worth about $7,916,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Atkore by 396.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 102,180 shares of the company’s stock valued at $8,659,000 after purchasing an additional 81,605 shares during the last quarter.

Atkore Trading Down 2.2 %

Shares of NYSE ATKR opened at $79.69 on Tuesday. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 6.31 and a beta of 2.12. The stock’s 50 day simple moving average is $86.07 and its 200 day simple moving average is $92.50. The company has a current ratio of 2.98, a quick ratio of 1.96 and a debt-to-equity ratio of 0.50. Atkore Inc. has a 12-month low of $76.01 and a 12-month high of $194.98.

Atkore (NYSE:ATKR) last announced 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 firm had revenue of $788.30 million for the quarter, compared to analyst estimates of $749.49 million. During the same period last year, the firm posted $3.63 EPS. The business’s revenue was down 9.4% compared to the same quarter last year. Equities research analysts expect that Atkore Inc. will post 6.62 EPS for the current year.

Atkore Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.61%. The ex-dividend date is Tuesday, February 18th. Atkore’s dividend payout ratio is currently 10.13%.

Insider Buying and Selling at Atkore

In other news, insider Mark F. Lamps sold 500 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $96.55, for a total transaction of $48,275.00. Following the completion of the transaction, the insider now owns 27,626 shares in the company, valued at approximately $2,667,290.30. This trade represents a 1.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeri L. Isbell sold 3,353 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $94.03, for a total value of $315,282.59. Following the completion of the transaction, the director now directly owns 25,585 shares in the company, valued at $2,405,757.55. This represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,924 shares of company stock valued at $1,614,975 in the last quarter. Corporate insiders own 1.99% of the company’s stock.

Analysts Set New Price Targets

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

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.