Natixis Advisors L.P. Purchases 29,210 Shares of Atkore Inc. (NYSE:ATKR)

Natixis Advisors L.P. boosted its stake in Atkore Inc. (NYSE:ATKR - Free Report) by 22.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,726 shares of the company's stock after acquiring an additional 29,210 shares during the period. Natixis Advisors L.P. owned 0.44% of Atkore worth $25,715,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in shares of Atkore in the 4th quarter valued at about $26,000. Orion Capital Management LLC acquired a new position in Atkore in the third quarter valued at approximately $30,000. Anchor Investment Management LLC bought a new position in shares of Atkore during the 4th quarter worth approximately $32,000. NBC Securities Inc. acquired a new stake in shares of Atkore during the 3rd quarter worth approximately $54,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Atkore in the 4th quarter valued at $72,000.

Atkore Stock Up 0.6 %

ATKR stock traded up $0.99 during midday trading on Friday, reaching $176.25. 533,025 shares of the company's stock traded hands, compared to its average volume of 470,827. 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's fifty day moving average price is $176.60 and its 200-day moving average price is $154.88. Atkore Inc. has a 52 week low of $116.14 and a 52 week high of $194.98. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 10.57 and a beta of 2.19.

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 the consensus estimate of $3.08 by $1.04. The company 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%. The firm's revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $4.51 earnings per share. As a group, sell-side analysts forecast that Atkore Inc. will post 15.06 earnings per share for the current fiscal year.

Atkore Announces Dividend

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

Insider Transactions at Atkore

In other Atkore news, Director Justin A. Kershaw sold 1,099 shares of the firm's stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $171.77, for a total transaction of $188,775.23. Following the transaction, the director now directly owns 16,686 shares in the company, valued at approximately $2,866,154.22. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Atkore news, Director Justin A. Kershaw sold 1,099 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $171.77, for a total value of $188,775.23. Following the completion of the sale, the director now directly owns 16,686 shares of the company's stock, valued at approximately $2,866,154.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William E. Jr. Waltz sold 43,072 shares of the stock in a transaction dated 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 owns 83,716 shares of the company's stock, valued at approximately $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. 2.56% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $187.00 price target on shares of Atkore in a report on Friday, March 22nd. StockNews.com upgraded Atkore from a "hold" rating to a "buy" rating in a research note on Friday, April 5th. Finally, Citigroup upped their price target on Atkore from $176.00 to $200.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th.

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.