2 weeks Ago By ABMN Staff
Legal & General Group Plc lowered its stake in shares of Atkore Inc. ( NYSE:ATKR – Free Report ) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor owned 57,396 shares of the company’s stock after selling 5,439 shares during the quarter. Legal & General Group Plc owned 0.17% of Atkore worth $4,790,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of ATKR. Jones Financial Companies Lllp increased its position in shares of Atkore by 87.7% during the fourth quarter.
Jones Financial Companies Lllp now owns 398 shares of the company’s stock valued at $33,000 after acquiring an additional 186 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Atkore by 30.
2% during the 4th quarter. Pacer Advisors Inc. now owns 841 shares of the company’s stock worth $70,000 after purchasing an additional 195 shares during the period.
Harbour Investments Inc. boosted its holdings in shares of Atkore by 3,333.3% in the 4th quarter.
Harbour Investments Inc. now owns 1,030 shares of the company’s stock worth $86,000 after buying an additional 1,000 shares during the last quarter. KBC Group NV grew its position in Atkore by 47.
7% during the fourth quarter. KBC Group NV now owns 1,452 shares of the company’s stock valued at $121,000 after buying an additional 469 shares during the period. Finally, Matrix Trust Co raised its position in Atkore by 657.
7% in the fourth quarter. Matrix Trust Co now owns 2,129 shares of the company’s stock worth $178,000 after acquiring an additional 1,848 shares during the period. Insider Activity In related news, insider Mark F.
Lamps sold 500 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $65.00, for a total transaction of $32,500.
00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . Company insiders own 1.
99% of the company’s stock. Atkore Price Performance Atkore ( NYSE:ATKR – Get Free Report ) last announced its quarterly earnings results 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.
Atkore had a return on equity of 25.69% and a net margin of 12.42%.
The firm had revenue of $661.60 million for the quarter, compared to analysts’ expectations of $680.77 million.
During the same period in the prior year, the business posted $4.12 earnings per share. The company’s revenue was down 17.
1% on a year-over-year basis. Equities research analysts anticipate that Atkore Inc. will post 5.
79 earnings per share for the current year. Atkore Announces Dividend The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a $0.
32 dividend. This represents a $1.28 annualized dividend and a yield of 2.
26%. The ex-dividend date was Tuesday, February 18th. Atkore’s payout ratio is 12.
39%. Wall Street Analyst Weigh In A number of research firms have recently weighed in on ATKR. Citigroup reduced their target price on shares of Atkore from $78.
00 to $66.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Loop Capital downgraded Atkore from a “buy” rating to a “hold” rating and decreased their target price for the stock from $115.
00 to $65.00 in a research report on Monday, February 10th. Finally, KeyCorp dropped their price target on Atkore from $80.
00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock.
According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.17. Check Out Our Latest Analysis on ATKR Atkore 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. 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:ATKR – Free Report ). 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.
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