Atkore Inc. (NYSE:ATKR) Shares Sold by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. cut its position in Atkore Inc. (NYSE:ATKR) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,086 shares of the company’s stock after selling 457 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Atkore were worth $420,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Creative Planning lifted its position in Atkore by 37.1% during the 3rd quarter. Creative Planning now owns 7,658 shares of the company’s stock worth $649,000 after acquiring an additional 2,073 shares during the period. nVerses Capital LLC lifted its position in Atkore by 24.0% during the 3rd quarter. nVerses Capital LLC now owns 3,100 shares of the company’s stock worth $263,000 after acquiring an additional 600 shares during the period. AlphaMark Advisors LLC lifted its position in Atkore by 91.8% during the 3rd quarter. AlphaMark Advisors LLC now owns 3,364 shares of the company’s stock worth $285,000 after acquiring an additional 1,610 shares during the period. Blue Trust Inc. lifted its position in Atkore by 15.2% during the 3rd quarter. Blue Trust Inc. now owns 2,397 shares of the company’s stock worth $203,000 after acquiring an additional 316 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in Atkore by 26.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,234,350 shares of the company’s stock worth $104,599,000 after acquiring an additional 261,234 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ATKR shares. B. Riley cut Atkore from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $135.00 to $84.00 in a research report on Friday, November 22nd. Roth Capital raised Atkore to a “strong-buy” rating in a research report on Monday, December 16th. Loop Capital cut Atkore from a “buy” rating to a “hold” rating and reduced their price target for the company from $115.00 to $65.00 in a report on Monday, February 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $102.00 price target (up from $93.00) on shares of Atkore in a report on Wednesday, December 4th. Finally, KeyCorp reduced their price target on Atkore from $105.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Atkore has an average rating of “Moderate Buy” and an average target price of $103.17.

Atkore Stock Performance

NYSE ATKR opened at $72.54 on Friday. Atkore Inc. has a 1-year low of $62.62 and a 1-year high of $194.98. The company has a market capitalization of $2.52 billion, a P/E ratio of 7.02 and a beta of 2.12. The business has a 50 day moving average price of $81.29 and a 200 day moving average price of $87.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.03 and a quick ratio of 1.96.

Atkore (NYSE:ATKR) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.45. The firm had revenue of $661.60 million during the quarter, compared to the consensus estimate of $680.77 million. Atkore had a return on equity of 25.69% and a net margin of 12.42%. Atkore’s quarterly revenue was down 17.1% on a year-over-year basis. During the same period last year, the business posted $4.12 EPS. Sell-side analysts expect that Atkore Inc. will post 6.55 EPS for the current fiscal year.

Atkore Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.76%. The ex-dividend date is Tuesday, February 18th. Atkore’s payout ratio is 12.39%.

Insiders Place Their Bets

In other news, insider Mark F. Lamps sold 500 shares of Atkore stock in a transaction on Monday, February 10th. The stock was sold at an average price of $65.00, for a total value of $32,500.00. Following the completion of the sale, the insider now owns 33,760 shares of the company’s stock, valued at $2,194,400. The trade was a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeri L. Isbell sold 3,353 shares of Atkore stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $94.03, for a total value of $315,282.59. Following the completion of the sale, the director now directly owns 25,585 shares of the company’s stock, valued at approximately $2,405,757.55. This represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,924 shares of company stock valued at $1,599,200. Corporate insiders own 1.99% of the company’s stock.

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.