Atkore Inc. (NYSE:ATKR) Shares Acquired by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC grew its position in Atkore Inc. (NYSE:ATKR) by 16.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,799 shares of the company’s stock after acquiring an additional 544 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Atkore were worth $317,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Lakewood Asset Management LLC boosted its holdings in shares of Atkore by 1.4% in the fourth quarter. Lakewood Asset Management LLC now owns 9,057 shares of the company’s stock valued at $756,000 after acquiring an additional 126 shares during the period. Cornercap Investment Counsel Inc. boosted its holdings in shares of Atkore by 3.9% in the third quarter. Cornercap Investment Counsel Inc. now owns 5,090 shares of the company’s stock valued at $431,000 after acquiring an additional 189 shares during the period. Quarry LP raised its stake in shares of Atkore by 48.8% during the third quarter. Quarry LP now owns 634 shares of the company’s stock worth $54,000 after purchasing an additional 208 shares during the last quarter. Glenmede Trust Co. NA raised its stake in shares of Atkore by 6.0% during the third quarter. Glenmede Trust Co. NA now owns 4,523 shares of the company’s stock worth $383,000 after purchasing an additional 256 shares during the last quarter. Finally, Townsquare Capital LLC raised its stake in shares of Atkore by 11.0% during the third quarter. Townsquare Capital LLC now owns 2,733 shares of the company’s stock worth $232,000 after purchasing an additional 271 shares during the last quarter.

Atkore Trading Down 2.1 %

NYSE:ATKR opened at $84.82 on Monday. The stock has a fifty day moving average price of $86.53 and a two-hundred day moving average price of $94.74. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 6.72 and a beta of 2.13. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.96 and a current ratio of 2.98. Atkore Inc. has a 1 year low of $76.01 and a 1 year high of $194.98.

Atkore (NYSE:ATKR) last released its quarterly earnings data on Thursday, November 21st. The company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.06). Atkore had a return on equity of 32.14% and a net margin of 14.77%. The business had revenue of $788.30 million during the quarter, compared to analysts’ expectations of $749.49 million. During the same quarter in the previous year, the company posted $3.63 EPS. The company’s revenue was down 9.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Atkore Inc. will post 6.62 earnings per share for the current fiscal year.

Atkore Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, December 6th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, December 6th. Atkore’s dividend payout ratio is currently 10.13%.

Wall Street Analyst Weigh In

ATKR has been the subject of several analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $102.00 price target (up previously from $93.00) on shares of Atkore in a research note on Wednesday, December 4th. B. Riley cut Atkore from a “buy” rating to a “neutral” rating and cut their price target for the stock from $135.00 to $84.00 in a research note on Friday, November 22nd. Loop Capital cut their price target on Atkore from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Roth Capital upgraded Atkore to a “strong-buy” rating in a research note on Monday, December 16th. Finally, Roth Mkm began coverage on Atkore in a research note on Tuesday, December 17th. They set a “buy” rating and a $100.00 price target for the company. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.67.

Insider Activity

In other news, insider Mark F. Lamps sold 500 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $96.55, for a total value of $48,275.00. Following the completion of the transaction, the insider now owns 27,626 shares in the company, valued at $2,667,290.30. This trade represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Daniel S. Kelly sold 13,071 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $95.74, for a total value of $1,251,417.54. Following the completion of the transaction, the vice president now owns 27,528 shares of the company’s stock, valued at approximately $2,635,530.72. This represents a 32.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,924 shares of company stock worth $1,614,975 over the last 90 days. 1.99% of the stock is currently owned by corporate 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.