Atkore Inc. (NYSE:ATKR) Shares Sold by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. lowered its position in Atkore Inc. (NYSE:ATKR) by 8.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,086 shares of the company’s stock after selling 457 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Atkore were worth $420,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Atkore by 10.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,368,867 shares of the company’s stock worth $111,467,000 after buying an additional 134,517 shares during the period. Royce & Associates LP boosted its position in shares of Atkore by 20.2% in the third quarter. Royce & Associates LP now owns 396,054 shares of the company’s stock worth $33,562,000 after buying an additional 66,533 shares during the period. E. Ohman J or Asset Management AB boosted its position in shares of Atkore by 55.2% in the fourth quarter. E. Ohman J or Asset Management AB now owns 318,388 shares of the company’s stock worth $26,569,000 after buying an additional 113,263 shares during the period. Swedbank AB boosted its position in shares of Atkore by 18.4% in the fourth quarter. Swedbank AB now owns 296,791 shares of the company’s stock worth $24,767,000 after buying an additional 46,200 shares during the period. Finally, Boston Trust Walden Corp boosted its position in shares of Atkore by 44.9% in the fourth quarter. Boston Trust Walden Corp now owns 272,939 shares of the company’s stock worth $22,777,000 after buying an additional 84,584 shares during the period.

Atkore Trading Up 3.7 %

Shares of NYSE ATKR opened at $72.54 on Friday. The stock’s 50 day moving average price is $81.29 and its two-hundred day moving average price is $87.93. Atkore Inc. has a 52-week low of $62.62 and a 52-week high of $194.98. The stock has a market capitalization of $2.52 billion, a P/E ratio of 7.02 and a beta of 2.12. The company has a quick ratio of 1.96, a current ratio of 3.03 and a debt-to-equity ratio of 0.51.

Atkore (NYSE:ATKR) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $680.77 million. During the same quarter in the prior year, the firm posted $4.12 earnings per share. Atkore’s revenue for the quarter was down 17.1% compared to the same quarter last year. On average, analysts anticipate that Atkore Inc. will post 6.55 earnings per share for the current fiscal year.

Atkore Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.76%. The ex-dividend date is Tuesday, February 18th. Atkore’s payout ratio is currently 12.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ATKR shares. B. Riley downgraded Atkore from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $135.00 to $84.00 in a research report on Friday, November 22nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $102.00 price target (up previously from $93.00) on shares of Atkore in a report on Wednesday, December 4th. Roth Mkm started coverage on Atkore in a report on Tuesday, December 17th. They issued a “buy” rating and a $100.00 price target for the company. Roth Capital raised Atkore to a “strong-buy” rating in a report on Monday, December 16th. Finally, KeyCorp reduced their price target on Atkore from $105.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $103.17.

Insider Buying and Selling at Atkore

In other news, VP Daniel S. Kelly sold 13,071 shares of the 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 directly owns 27,528 shares in the company, valued at approximately $2,635,530.72. This represents a 32.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark F. Lamps sold 500 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $65.00, for a total value of $32,500.00. Following the sale, the insider now owns 33,760 shares in the company, valued at $2,194,400. The trade was a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,924 shares of company stock worth $1,599,200 over the last quarter. 1.99% of the stock is owned by corporate 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.