Atkore Inc. (NYSE:ATKR) Shares Sold by Swiss National Bank

Swiss National Bank reduced its holdings in Atkore Inc. (NYSE:ATKR) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 70,500 shares of the company’s stock after selling 600 shares during the quarter. Swiss National Bank’s holdings in Atkore were worth $5,883,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its holdings in Atkore by 87.7% in the 4th quarter. Jones Financial Companies Lllp now owns 398 shares of the company’s stock valued at $33,000 after buying an additional 186 shares during the period. Quarry LP boosted its position in shares of Atkore by 48.8% in the third quarter. Quarry LP now owns 634 shares of the company’s stock worth $54,000 after acquiring an additional 208 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Atkore by 30.2% in the fourth quarter. Pacer Advisors Inc. now owns 841 shares of the company’s stock valued at $70,000 after purchasing an additional 195 shares during the period. KBC Group NV increased its position in Atkore by 47.7% during the fourth quarter. KBC Group NV now owns 1,452 shares of the company’s stock worth $121,000 after purchasing an additional 469 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Atkore during the third quarter worth approximately $144,000.

Insider Buying and Selling at Atkore

In other Atkore news, insider Mark F. Lamps sold 500 shares of Atkore stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $65.00, for a total transaction of $32,500.00. Following the sale, the insider now directly owns 33,760 shares in the company, valued at $2,194,400. The trade was a 1.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.99% of the stock is currently owned by corporate insiders.

Atkore Price Performance

ATKR stock opened at $62.93 on Monday. The firm has a market cap of $2.19 billion, a P/E ratio of 6.09 and a beta of 2.22. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.96 and a current ratio of 3.03. Atkore Inc. has a 1 year low of $55.91 and a 1 year high of $194.98. The stock has a 50-day simple moving average of $71.36 and a 200-day simple moving average of $81.61.

Atkore (NYSE:ATKR) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.45. Atkore had a net margin of 12.42% and a return on equity of 25.69%. The company had revenue of $661.60 million during the quarter, compared to the consensus estimate of $680.77 million. During the same quarter last year, the company earned $4.12 earnings per share. Atkore’s revenue for the quarter was down 17.1% on a year-over-year basis. On average, equities analysts predict that Atkore Inc. will post 5.79 earnings per share for the current fiscal year.

Atkore Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.28 dividend on an annualized basis and a yield of 2.03%. Atkore’s dividend payout ratio is currently 12.39%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. KeyCorp lowered their price objective on shares of Atkore from $105.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada restated a “sector perform” rating and set a $102.00 price target (up from $93.00) on shares of Atkore in a research note on Wednesday, December 4th. Loop Capital lowered Atkore from a “buy” rating to a “hold” rating and reduced their price objective for the company from $115.00 to $65.00 in a research note on Monday, February 10th. Roth Capital upgraded Atkore to a “strong-buy” rating in a report on Monday, December 16th. Finally, Roth Mkm initiated coverage on shares of Atkore in a report on Tuesday, December 17th. They issued a “buy” rating and a $100.00 price target on the stock. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $103.17.

Atkore 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.