Atkore Inc. (NYSE:ATKR) Shares Purchased by North Growth Management Ltd.

North Growth Management Ltd. raised its stake in Atkore Inc. (NYSE:ATKRFree Report) by 50.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,000 shares of the company’s stock after acquiring an additional 12,000 shares during the period. North Growth Management Ltd.’s holdings in Atkore were worth $5,769,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Cornercap Investment Counsel Inc. increased its position in Atkore by 1.3% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 5,017 shares of the company’s stock valued at $803,000 after acquiring an additional 63 shares during the period. Ritholtz Wealth Management raised its stake in shares of Atkore by 3.5% during the fourth quarter. Ritholtz Wealth Management now owns 2,042 shares of the company’s stock valued at $327,000 after purchasing an additional 69 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in Atkore by 1.5% in the fourth quarter. SummerHaven Investment Management LLC now owns 4,782 shares of the company’s stock worth $765,000 after purchasing an additional 69 shares during the period. Riverwater Partners LLC increased its stake in Atkore by 0.6% during the 4th 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 during the period. Finally, Navellier & Associates Inc. raised its position in shares of Atkore by 0.7% during the 3rd quarter. Navellier & Associates Inc. now owns 11,837 shares of the company’s stock worth $1,766,000 after buying an additional 83 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ATKR shares. StockNews.com downgraded Atkore from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $187.00 target price on shares of Atkore in a research note on Friday, March 22nd. Finally, Citigroup lowered their target price on Atkore from $200.00 to $188.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th.

View Our Latest Report on ATKR

Atkore Price Performance

Shares of NYSE:ATKR traded up $0.65 on Monday, reaching $156.86. 431,499 shares of the company traded hands, compared to its average volume of 492,028. The stock has a market capitalization of $5.71 billion, a PE ratio of 9.74 and a beta of 2.19. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.09 and a quick ratio of 1.98. The company’s 50 day moving average is $176.10 and its 200-day moving average is $156.14. Atkore Inc. has a fifty-two week low of $116.14 and a fifty-two week high of $194.98.

Atkore (NYSE:ATKRGet Free Report) last announced its earnings results on Monday, May 6th. The company reported $4.08 EPS for the quarter, beating the consensus estimate of $3.22 by $0.86. The business had revenue of $792.90 million during the quarter, compared to the consensus estimate of $808.22 million. Atkore had a return on equity of 43.19% and a net margin of 18.30%. Atkore’s revenue was down 11.5% compared to the same quarter last year. During the same period in the prior year, the business posted $4.31 earnings per share. As a group, analysts anticipate that Atkore Inc. will post 15.06 earnings per share for the current fiscal year.

Atkore Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Tuesday, May 21st will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $1.28 annualized dividend and a dividend yield of 0.82%. Atkore’s dividend payout ratio (DPR) is presently 7.98%.

Insider Buying and Selling

In other news, VP Daniel S. Kelly sold 8,685 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $173.07, for a total value of $1,503,112.95. Following the completion of the sale, the vice president now owns 34,907 shares in the company, valued at $6,041,354.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Daniel S. Kelly sold 8,685 shares of Atkore stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $173.07, for a total value of $1,503,112.95. Following the completion of the transaction, the vice president now directly owns 34,907 shares of the company’s stock, valued at $6,041,354.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Leangela W. Lowe sold 6,500 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $176.07, for a total transaction of $1,144,455.00. Following the sale, the vice president now directly owns 25,590 shares in the company, valued at approximately $4,505,631.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 148,464 shares of company stock valued at $25,124,751. Company insiders own 2.56% of the company’s stock.

About Atkore

(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.

Featured Stories

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)

Receive News & Ratings for Atkore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atkore and related companies with MarketBeat.com's FREE daily email newsletter.