Atkore Inc. (NYSE:ATKR) Stock Holdings Lowered by Barometer Capital Management Inc.

Barometer Capital Management Inc. trimmed its position in Atkore Inc. (NYSE:ATKRFree Report) by 6.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,280 shares of the company’s stock after selling 400 shares during the period. Barometer Capital Management Inc.’s holdings in Atkore were worth $937,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Atkore by 24.4% in the second quarter. BlackRock Inc. now owns 3,833,768 shares of the company’s stock worth $597,838,000 after acquiring an additional 752,889 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Atkore by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,054,359 shares of the company’s stock worth $164,418,000 after buying an additional 10,449 shares in the last quarter. State Street Corp boosted its stake in Atkore by 2.2% during the first quarter. State Street Corp now owns 950,244 shares of the company’s stock worth $93,542,000 after buying an additional 20,685 shares in the last quarter. Geode Capital Management LLC boosted its stake in Atkore by 1.3% during the second quarter. Geode Capital Management LLC now owns 865,041 shares of the company’s stock worth $135,459,000 after buying an additional 11,316 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Atkore by 8.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 776,134 shares of the company’s stock worth $121,030,000 after buying an additional 61,874 shares in the last quarter.

Insiders Place Their Bets

In other news, insider Mark F. Lamps sold 5,008 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $130.66, for a total transaction of $654,345.28. Following the sale, the insider now directly owns 29,086 shares of the company’s stock, valued at $3,800,376.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Mark F. Lamps sold 5,008 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $130.66, for a total transaction of $654,345.28. Following the sale, the insider now directly owns 29,086 shares of the company’s stock, valued at $3,800,376.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William E. Jr. Waltz sold 79,600 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $150.75, for a total transaction of $11,999,700.00. Following the sale, the chief executive officer now directly owns 126,788 shares in the company, valued at $19,113,291. The disclosure for this sale can be found here. Insiders have sold a total of 84,746 shares of company stock valued at $12,672,194 in the last 90 days. 2.56% of the stock is currently owned by insiders.

Atkore Price Performance

Shares of NYSE:ATKR traded down $4.12 on Monday, hitting $144.49. The stock had a trading volume of 45,669 shares, compared to its average volume of 366,603. Atkore Inc. has a twelve month low of $116.14 and a twelve month high of $165.69. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.99 and a current ratio of 2.96. The firm’s 50 day moving average price is $149.61 and its 200-day moving average price is $145.44. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 8.91 and a beta of 2.18.

Atkore (NYSE:ATKRGet Free Report) last issued its earnings results on Thursday, February 1st. The company reported $4.12 EPS for the quarter, beating the consensus estimate of $3.08 by $1.04. Atkore had a net margin of 18.80% and a return on equity of 46.79%. The company had revenue of $798.50 million for the quarter, compared to the consensus estimate of $777.05 million. During the same quarter in the previous year, the company earned $4.51 EPS. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, equities research analysts predict that Atkore Inc. will post 14.73 earnings per share for the current year.

Atkore Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Tuesday, February 27th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, February 26th. This represents a $1.28 annualized dividend and a yield of 0.89%.

Analyst Ratings Changes

ATKR has been the topic of a number of recent research reports. StockNews.com upgraded shares of Atkore from a “hold” rating to a “buy” rating in a research note on Friday. Royal Bank of Canada reiterated an “outperform” rating and set a $187.00 price target on shares of Atkore in a research note on Friday.

View Our Latest Report on ATKR

Atkore Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding ATKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atkore Inc. (NYSE:ATKRFree Report).

Institutional Ownership by Quarter for Atkore (NYSE:ATKR)

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