Atkore Inc. (NYSE:ATKR) Shares Sold by LSV Asset Management

LSV Asset Management lowered its holdings in Atkore Inc. (NYSE:ATKR - Free Report) by 4.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 890,700 shares of the company's stock after selling 45,868 shares during the period. LSV Asset Management owned approximately 2.42% of Atkore worth $142,512,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. River Road Asset Management LLC increased its holdings in Atkore by 14.1% during the 4th quarter. River Road Asset Management LLC now owns 1,260,290 shares of the company's stock worth $201,646,000 after purchasing an additional 155,508 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in Atkore by 0.7% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,126,630 shares of the company's stock valued at $168,082,000 after acquiring an additional 7,574 shares in the last quarter. Invesco Ltd. lifted its stake in Atkore by 13.8% in the third quarter. Invesco Ltd. now owns 818,309 shares of the company's stock worth $122,084,000 after acquiring an additional 99,345 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Atkore by 2.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 629,420 shares of the company's stock worth $100,707,000 after acquiring an additional 12,189 shares in the last quarter. Finally, Boston Partners grew its holdings in Atkore by 149.7% during the 3rd quarter. Boston Partners now owns 601,910 shares of the company's stock worth $88,670,000 after acquiring an additional 360,837 shares in the last quarter.

Analysts Set New Price Targets

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

Atkore Stock Up 0.6 %

NYSE:ATKR traded up $0.99 during midday trading on Friday, hitting $176.25. 533,025 shares of the company were exchanged, compared to its average volume of 470,827. The company has a current ratio of 2.96, a quick ratio of 1.99 and a debt-to-equity ratio of 0.51. Atkore Inc. has a fifty-two week low of $116.14 and a fifty-two week high of $194.98. The company has a market capitalization of $6.48 billion, a PE ratio of 10.57 and a beta of 2.19. The company has a fifty day simple moving average of $176.60 and a 200 day simple moving average of $154.71.

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

Atkore Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Tuesday, May 21st will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.73%. Atkore's dividend payout ratio (DPR) is presently 7.67%.

Insider Activity

In other news, insider John W. Pregenzer sold 6,548 shares of the company's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $158.49, for a total value of $1,037,792.52. Following the completion of the sale, the insider now directly owns 30,430 shares of the company's stock, valued at $4,822,850.70. The sale 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 business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $158.49, for a total value of $1,037,792.52. Following the transaction, the insider now owns 30,430 shares of the company's stock, valued at $4,822,850.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Leangela W. Lowe sold 6,500 shares of the company's stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $176.07, for a total value of $1,144,455.00. Following the sale, the vice president now owns 25,590 shares of the company's stock, valued at approximately $4,505,631.30. 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 ninety days. 2.56% of the stock is currently owned by company insiders.

Atkore Company 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.