Atkore Inc. (NYSE:ATKR) Shares Acquired by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC boosted its holdings in Atkore Inc. (NYSE:ATKR - Free Report) by 22.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,113 shares of the company's stock after purchasing an additional 5,957 shares during the quarter. Moody Aldrich Partners LLC owned about 0.09% of Atkore worth $5,138,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ATKR. Teza Capital Management LLC raised its holdings in Atkore by 9.2% in the third quarter. Teza Capital Management LLC now owns 1,446 shares of the company's stock worth $216,000 after purchasing an additional 122 shares in the last quarter. New York Life Investment Management LLC bought a new position in Atkore in the third quarter worth $594,000. Cambria Investment Management L.P. raised its holdings in Atkore by 7.2% in the third quarter. Cambria Investment Management L.P. now owns 69,971 shares of the company's stock worth $10,439,000 after purchasing an additional 4,711 shares in the last quarter. PFG Advisors grew its stake in shares of Atkore by 5.9% in the fourth quarter. PFG Advisors now owns 2,641 shares of the company's stock worth $423,000 after acquiring an additional 146 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Atkore by 145.4% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,246 shares of the company's stock worth $932,000 after purchasing an additional 3,701 shares during the last quarter.

Atkore Trading Down 2.3 %

Shares of NYSE ATKR traded down $4.12 during trading hours on Tuesday, hitting $177.09. 436,989 shares of the company traded hands, compared to its average volume of 450,456. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 10.62 and a beta of 2.19. The company has a current ratio of 2.96, a quick ratio of 1.99 and a debt-to-equity ratio of 0.51. The company's 50 day moving average price is $165.76 and its 200 day moving average price is $150.58. Atkore Inc. has a 12 month low of $116.14 and a 12 month high of $194.98.

Atkore (NYSE:ATKR - Get Free Report) last released its earnings results on Thursday, February 1st. The company reported $4.12 earnings per share for the quarter, beating the consensus estimate of $3.08 by $1.04. The firm had revenue of $798.50 million for the quarter, compared to the consensus estimate of $777.05 million. Atkore had a return on equity of 46.79% and a net margin of 18.80%. The company's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.51 EPS. On average, equities research analysts anticipate that Atkore Inc. will post 15.06 earnings per share for the current fiscal year.

Atkore Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.72%. The ex-dividend date was Monday, February 26th. Atkore's dividend payout ratio (DPR) is presently 7.67%.

Analyst Ratings Changes

Several research firms recently commented on ATKR. StockNews.com upgraded Atkore from a "hold" rating to a "buy" rating in a report on Friday. Citigroup boosted their price target on Atkore from $176.00 to $200.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Royal Bank of Canada restated an "outperform" rating and set a $187.00 price target on shares of Atkore in a research note on Friday, March 22nd.

Insider Buying and Selling at Atkore

In other news, CEO William E. Jr. Waltz sold 43,072 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $160.48, for a total transaction of $6,912,194.56. Following the transaction, the chief executive officer now owns 83,716 shares of the company's stock, valued at approximately $13,434,743.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider John W. Pregenzer sold 6,548 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $158.49, for a total transaction of $1,037,792.52. Following the transaction, the insider now owns 30,430 shares of the company's stock, valued at approximately $4,822,850.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William E. Jr. Waltz sold 43,072 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $160.48, for a total value of $6,912,194.56. Following the transaction, the chief executive officer now directly owns 83,716 shares in the company, valued at approximately $13,434,743.68. The disclosure for this sale can be found here. Insiders have sold 148,464 shares of company stock valued at $25,124,751 in the last quarter. 2.56% of the stock is owned by insiders.

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.