Atkore Inc. (NYSE:ATKR) Shares Sold by Opinicus Capital Inc.

Opinicus Capital Inc. lowered its holdings in Atkore Inc. (NYSE:ATKR) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,608 shares of the company’s stock after selling 299 shares during the period. Opinicus Capital Inc.’s holdings in Atkore were worth $301,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ATKR. Lakewood Asset Management LLC grew its holdings in shares of Atkore by 1.4% during the fourth quarter. Lakewood Asset Management LLC now owns 9,057 shares of the company’s stock valued at $756,000 after purchasing an additional 126 shares during the last quarter. Willis Investment Counsel increased its position in Atkore by 3.3% in the fourth quarter. Willis Investment Counsel now owns 5,350 shares of the company’s stock worth $446,000 after buying an additional 171 shares during the period. Cornercap Investment Counsel Inc. lifted its stake in Atkore by 3.9% in the third quarter. Cornercap Investment Counsel Inc. now owns 5,090 shares of the company’s stock valued at $431,000 after buying an additional 189 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Atkore by 30.2% during the fourth quarter. Pacer Advisors Inc. now owns 841 shares of the company’s stock valued at $70,000 after acquiring an additional 195 shares during the period. Finally, Quarry LP grew its position in shares of Atkore by 48.8% during the third quarter. Quarry LP now owns 634 shares of the company’s stock worth $54,000 after acquiring an additional 208 shares during the last quarter.

Atkore Stock Performance

Shares of NYSE ATKR opened at $65.30 on Friday. Atkore Inc. has a 1 year low of $62.62 and a 1 year high of $194.98. The firm has a market cap of $2.27 billion, a P/E ratio of 5.17 and a beta of 2.12. The stock has a fifty day moving average price of $84.05 and a two-hundred day moving average price of $91.14. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.96 and a current ratio of 2.98.

Atkore (NYSE:ATKR) last announced its earnings results on Tuesday, February 4th. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.45. Atkore had a return on equity of 32.14% and a net margin of 14.77%. The business had revenue of $661.60 million during the quarter, compared to analysts’ expectations of $680.77 million. During the same quarter last year, the business posted $4.12 earnings per share. The company’s quarterly revenue was down 17.1% on a year-over-year basis. Research analysts forecast that Atkore Inc. will post 6.62 EPS for the current fiscal year.

Atkore Dividend Announcement

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 issued a $0.32 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.96%. Atkore’s payout ratio is currently 10.13%.

Insider Activity at Atkore

In other Atkore news, VP Daniel S. Kelly sold 13,071 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $95.74, for a total value of $1,251,417.54. Following the transaction, the vice president now owns 27,528 shares in the company, valued at $2,635,530.72. The trade was a 32.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeri L. Isbell sold 3,353 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $94.03, for a total transaction of $315,282.59. Following the transaction, the director now owns 25,585 shares in the company, valued at approximately $2,405,757.55. This trade represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,924 shares of company stock valued at $1,614,975 over the last ninety days. Insiders own 1.99% of the company’s stock.

Analyst Upgrades and Downgrades

ATKR has been the topic of several recent research reports. Roth Mkm started coverage on shares of Atkore in a research report on Tuesday, December 17th. They issued a “buy” rating and a $100.00 price objective on the stock. B. Riley downgraded Atkore from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $135.00 to $84.00 in a research report on Friday, November 22nd. Roth Capital upgraded Atkore to a “strong-buy” rating in a research report on Monday, December 16th. Royal Bank of Canada reiterated 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. Finally, KeyCorp decreased their price target on Atkore from $105.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Atkore presently has a consensus rating of “Moderate Buy” and an average target price of $111.50.

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.