Crawford Fund Management LLC Sells 22,138 Shares of Atkore Inc. (NYSE:ATKR)

Crawford Fund Management LLC lessened its stake in Atkore Inc. (NYSE:ATKR) by 81.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,105 shares of the company’s stock after selling 22,138 shares during the period. Crawford Fund Management LLC’s holdings in Atkore were worth $433,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. FORA Capital LLC bought a new stake in shares of Atkore during the 3rd quarter valued at $340,000. Blueshift Asset Management LLC grew its position in shares of Atkore by 10.3% during the 3rd quarter. Blueshift Asset Management LLC now owns 4,088 shares of the company’s stock valued at $346,000 after acquiring an additional 383 shares during the period. Glenmede Trust Co. NA grew its position in shares of Atkore by 6.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 4,523 shares of the company’s stock valued at $383,000 after acquiring an additional 256 shares during the period. Bridgewater Associates LP grew its position in shares of Atkore by 1,590.6% during the 3rd quarter. Bridgewater Associates LP now owns 50,362 shares of the company’s stock valued at $4,268,000 after acquiring an additional 47,383 shares during the period. Finally, Townsquare Capital LLC grew its position in shares of Atkore by 11.0% during the 3rd quarter. Townsquare Capital LLC now owns 2,733 shares of the company’s stock valued at $232,000 after acquiring an additional 271 shares during the period.

Analysts Set New Price Targets

ATKR has been the subject of a number of recent research reports. Loop Capital cut their price objective on shares of Atkore from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Royal Bank of Canada cut their price objective on shares of Atkore from $99.00 to $93.00 and set a “sector perform” rating for the company in a research report on Friday, November 22nd. KeyCorp cut their price objective on shares of Atkore from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Finally, B. Riley cut shares of Atkore from a “buy” rating to a “neutral” rating and lowered their target price for the company from $135.00 to $84.00 in a research note on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $117.00.

Insider Activity at Atkore

In other Atkore news, insider Mark F. Lamps sold 500 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $96.55, for a total value of $48,275.00. Following the sale, the insider now owns 27,626 shares in the company, valued at $2,667,290.30. The trade was a 1.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Daniel S. Kelly sold 13,071 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $95.74, for a total transaction of $1,251,417.54. Following the completion of the sale, the vice president now owns 27,528 shares in the company, valued at approximately $2,635,530.72. The trade was a 32.20 % decrease in their position. The disclosure for this sale can be found here. 2.56% of the stock is owned by corporate insiders.

Atkore Stock Down 1.9 %

ATKR opened at $93.17 on Friday. 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 fifty-two week low of $76.01 and a fifty-two week high of $194.98. The firm’s fifty day moving average is $88.34 and its 200 day moving average is $111.57. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 7.38 and a beta of 2.13.

Atkore Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, December 6th. Atkore’s dividend payout ratio (DPR) is 10.13%.

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.