Paradiem LLC Sells 4,958 Shares of Atkore Inc. (NYSE:ATKR)

Paradiem LLC reduced its holdings in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 16.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,766 shares of the company's stock after selling 4,958 shares during the period. Paradiem LLC owned about 0.07% of Atkore worth $4,123,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ATKR. Cornercap Investment Counsel Inc. boosted its position in Atkore by 1.3% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 5,017 shares of the company's stock valued at $803,000 after buying an additional 63 shares in the last quarter. Ritholtz Wealth Management boosted its position in Atkore by 3.5% in the fourth quarter. Ritholtz Wealth Management now owns 2,042 shares of the company's stock valued at $327,000 after buying an additional 69 shares in the last quarter. Riverwater Partners LLC boosted its position in Atkore by 0.6% in the fourth quarter. Riverwater Partners LLC now owns 13,245 shares of the company's stock valued at $2,119,000 after buying an additional 78 shares in the last quarter. Navellier & Associates Inc. boosted its position in Atkore by 0.7% in the third quarter. Navellier & Associates Inc. now owns 11,837 shares of the company's stock valued at $1,766,000 after buying an additional 83 shares in the last quarter. Finally, Roman Butler Fullerton & Co. boosted its position in Atkore by 3.2% in the fourth quarter. Roman Butler Fullerton & Co. now owns 2,755 shares of the company's stock valued at $422,000 after buying an additional 85 shares in the last quarter.

Atkore Price Performance

Shares of ATKR stock traded up $1.78 during trading hours on Friday, reaching $182.99. 256,834 shares of the company were exchanged, compared to its average volume of 512,445. Atkore Inc. has a fifty-two week low of $116.14 and a fifty-two week high of $194.98. The stock's fifty day moving average is $173.49 and its two-hundred day moving average is $153.50. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 10.97 and a beta of 2.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.96 and a quick ratio of 1.99.

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

Atkore Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Monday, February 26th. Atkore's dividend payout ratio (DPR) is 7.67%.

Wall Street Analysts Forecast Growth

ATKR has been the topic of a number of recent analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $187.00 price target on shares of Atkore in a research report on Friday, March 22nd. Citigroup upped their target price on shares of Atkore from $176.00 to $200.00 and gave the stock a "neutral" rating in a research report on Monday, April 8th. Finally, StockNews.com upgraded shares of Atkore from a "hold" rating to a "buy" rating in a research report on Friday, April 5th.

Insider Buying and Selling

In related news, CEO William E. Jr. Waltz sold 43,072 shares of the business's stock in a transaction that occurred on Monday, February 26th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Atkore news, CEO William E. Jr. Waltz sold 50,000 shares of Atkore stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $173.85, for a total transaction of $8,692,500.00. Following the transaction, the chief executive officer now directly owns 83,716 shares in the company, valued at $14,554,026.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO William E. Jr. Waltz sold 43,072 shares of Atkore stock in a transaction dated 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 owns 83,716 shares in the company, valued at $13,434,743.68. The disclosure for this sale can be found here. Insiders sold a total of 148,464 shares of company stock valued at $25,124,751 over the last ninety days. Insiders own 2.56% of the company's stock.

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.