Atkore Inc. (NYSE:ATKR) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in Atkore Inc. (NYSE:ATKR - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,090,817 shares of the company's stock after acquiring an additional 6,234 shares during the quarter. Dimensional Fund Advisors LP owned 3.14% of Atkore worth $91,028,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ATKR. First Trust Advisors LP grew its stake in Atkore by 195.6% during the 4th quarter. First Trust Advisors LP now owns 1,174,464 shares of the company's stock valued at $98,009,000 after purchasing an additional 777,113 shares during the last quarter. Capital International Investors increased its holdings in Atkore by 82.6% in the 4th quarter. Capital International Investors now owns 192,220 shares of the company's stock worth $16,041,000 after buying an additional 86,975 shares during the period. Canada Pension Plan Investment Board raised its position in Atkore by 1,572.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 135,500 shares of the company's stock worth $11,307,000 after buying an additional 127,400 shares during the last quarter. Jump Financial LLC raised its position in Atkore by 53.6% during the 4th quarter. Jump Financial LLC now owns 78,500 shares of the company's stock worth $6,551,000 after buying an additional 27,406 shares during the last quarter. Finally, Adams Wealth Management boosted its holdings in shares of Atkore by 17.6% in the 4th quarter. Adams Wealth Management now owns 30,302 shares of the company's stock valued at $2,529,000 after acquiring an additional 4,541 shares during the last quarter.

Insider Buying and Selling

In other Atkore news, insider Mark F. Lamps sold 500 shares of the company's stock in a transaction 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 completion of the sale, the insider now directly owns 33,760 shares in the company, valued at $2,194,400. This represents a 1.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.99% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ATKR. KeyCorp decreased their target price on shares of Atkore from $80.00 to $70.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada upped their target price on Atkore from $64.00 to $65.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 22nd. Loop Capital cut Atkore from a "buy" rating to a "hold" rating and reduced their price target for the company from $115.00 to $65.00 in a research report on Monday, February 10th. Finally, Citigroup decreased their price target on Atkore from $78.00 to $66.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $75.00.

Atkore Price Performance

ATKR traded up $1.21 during midday trading on Friday, hitting $65.80. 365,056 shares of the company traded hands, compared to its average volume of 697,225. The business has a 50 day simple moving average of $61.11 and a two-hundred day simple moving average of $76.23. Atkore Inc. has a 52-week low of $49.92 and a 52-week high of $180.62. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 6.37 and a beta of 2.02. The company has a current ratio of 3.03, a quick ratio of 1.96 and a debt-to-equity ratio of 0.51.

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

Atkore Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 16th will be paid a $0.33 dividend. This is an increase from Atkore's previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a yield of 2.01%. The ex-dividend date is Friday, May 16th. Atkore's dividend payout ratio is currently 12.39%.

About Atkore

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.