Wedge Capital Management L L P NC Purchases 15,686 Shares of Atkore Inc. (NYSE:ATKR)

Wedge Capital Management L L P NC raised its stake in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 14.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,068 shares of the company's stock after buying an additional 15,686 shares during the period. Wedge Capital Management L L P NC owned approximately 0.33% of Atkore worth $19,531,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ATKR. Orion Capital Management LLC bought a new stake in shares of Atkore in the 3rd quarter worth approximately $30,000. Anchor Investment Management LLC bought a new stake in shares of Atkore in the 4th quarter worth approximately $32,000. NBC Securities Inc. bought a new stake in shares of Atkore in the 3rd quarter worth approximately $54,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Atkore in the 4th quarter worth approximately $72,000. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Atkore by 34.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 533 shares of the company's stock worth $80,000 after purchasing an additional 138 shares in the last quarter.

Atkore Trading Up 3.7 %

Shares of ATKR stock traded up $6.40 during trading hours on Tuesday, reaching $179.94. 462,367 shares of the stock traded hands, compared to its average volume of 458,512. Atkore Inc. has a 1-year low of $116.14 and a 1-year high of $194.98. The business has a fifty day moving average price of $171.39 and a 200 day moving average price of $152.77. The company has a quick ratio of 1.99, a current ratio of 2.96 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $6.62 billion, a PE ratio of 10.79 and a beta of 2.19.

Atkore (NYSE:ATKR - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $777.05 million. Atkore had a net margin of 18.80% and a return on equity of 46.79%. The company's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.51 EPS. On average, equities research analysts forecast that Atkore Inc. will post 15.06 EPS for the current year.

Atkore Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $1.28 annualized dividend and a yield of 0.71%. Atkore's dividend payout ratio is presently 7.67%.

Analyst Ratings Changes

A number of research firms recently commented on ATKR. StockNews.com upgraded shares of Atkore from a "hold" rating to a "buy" rating in a report on Friday, April 5th. Royal Bank of Canada restated an "outperform" rating and set a $187.00 price target on shares of Atkore in a report on Friday, March 22nd. Finally, Citigroup boosted their price target on shares of Atkore from $176.00 to $200.00 and gave the company a "neutral" rating in a report on Monday, April 8th.

Insider Buying and Selling at Atkore

In other Atkore news, VP Daniel S. Kelly sold 8,685 shares of the company's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $173.07, for a total value of $1,503,112.95. Following the transaction, the vice president now owns 34,907 shares in the company, valued at approximately $6,041,354.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Atkore news, VP Daniel S. Kelly sold 8,685 shares of the business's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $173.07, for a total value of $1,503,112.95. Following the completion of the sale, the vice president now directly owns 34,907 shares of the company's stock, valued at $6,041,354.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William E. Jr. Waltz sold 43,072 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 83,716 shares of the company's stock, valued at $13,434,743.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 148,464 shares of company stock worth $25,124,751. 2.56% of the stock is currently owned by company 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.