Barclays PLC Increases Holdings in Atkore Inc. (NYSE:ATKR)

Barclays PLC boosted its stake in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,243 shares of the company's stock after acquiring an additional 5,507 shares during the period. Barclays PLC owned 0.22% of Atkore worth $6,363,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ATKR. Jones Financial Companies Lllp boosted its holdings in shares of Atkore by 87.7% in the 4th quarter. Jones Financial Companies Lllp now owns 398 shares of the company's stock valued at $33,000 after purchasing an additional 186 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Atkore by 30.2% in the 4th quarter. Pacer Advisors Inc. now owns 841 shares of the company's stock valued at $70,000 after purchasing an additional 195 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of Atkore by 3,333.3% during the 4th quarter. Harbour Investments Inc. now owns 1,030 shares of the company's stock valued at $86,000 after acquiring an additional 1,000 shares in the last quarter. KBC Group NV boosted its holdings in shares of Atkore by 47.7% during the 4th quarter. KBC Group NV now owns 1,452 shares of the company's stock valued at $121,000 after acquiring an additional 469 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Atkore by 88.5% during the 4th quarter. Covestor Ltd now owns 1,889 shares of the company's stock valued at $157,000 after acquiring an additional 887 shares in the last quarter.

Insider Buying and Selling at Atkore

In other Atkore news, insider Mark F. Lamps sold 500 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $65.00, for a total transaction of $32,500.00. Following the transaction, the insider now directly owns 33,760 shares in the company, valued at approximately $2,194,400. This trade represents a 1.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.99% of the company's stock.

Wall Street Analyst Weigh In

ATKR has been the topic of several recent research reports. Royal Bank of Canada raised their price objective on Atkore from $64.00 to $65.00 and gave the company a "sector perform" rating in a report on Tuesday, April 22nd. Citigroup cut their target price on Atkore from $78.00 to $66.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Loop Capital downgraded Atkore from a "buy" rating to a "hold" rating and cut their target price for the stock from $115.00 to $65.00 in a report on Monday, February 10th. Finally, KeyCorp lowered their price objective on Atkore from $80.00 to $70.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.00.

Atkore Stock Up 0.2 %

Shares of ATKR traded up $0.13 during trading hours on Wednesday, reaching $63.87. The stock had a trading volume of 399,588 shares, compared to its average volume of 699,442. Atkore Inc. has a 12 month low of $49.92 and a 12 month high of $180.62. The firm has a 50-day simple moving average of $61.11 and a 200 day simple moving average of $76.39. The company has a current ratio of 3.03, a quick ratio of 1.96 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 6.18 and a beta of 2.02.

Atkore (NYSE:ATKR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.45. Atkore had a return on equity of 25.69% and a net margin of 12.42%. The company had revenue of $661.60 million for the quarter, compared to analysts' expectations of $680.77 million. During the same period last year, the business earned $4.12 EPS. Atkore's quarterly revenue was down 17.1% compared to the same quarter last year. Equities research analysts predict that Atkore Inc. will post 5.79 earnings per share for the current fiscal year.

Atkore Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.33 per share. This is a boost from Atkore's previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a yield of 2.07%. Atkore's dividend payout ratio (DPR) is 12.39%.

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.