Atkore Inc. (NYSE:ATKR) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its stake in Atkore Inc. (NYSE:ATKRFree Report) by 35.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,000 shares of the company’s stock after selling 16,760 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.08% of Atkore worth $4,476,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Atkore by 24.4% during the 2nd quarter. BlackRock Inc. now owns 3,833,768 shares of the company’s stock valued at $597,838,000 after purchasing an additional 752,889 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Atkore by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,054,359 shares of the company’s stock valued at $164,418,000 after buying an additional 10,449 shares during the period. State Street Corp lifted its holdings in Atkore by 2.2% in the first quarter. State Street Corp now owns 950,244 shares of the company’s stock valued at $93,542,000 after buying an additional 20,685 shares during the period. Geode Capital Management LLC increased its stake in Atkore by 1.3% in the second quarter. Geode Capital Management LLC now owns 865,041 shares of the company’s stock valued at $135,459,000 after purchasing an additional 11,316 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Atkore by 8.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 776,134 shares of the company’s stock valued at $121,030,000 after purchasing an additional 61,874 shares in the last quarter.

Insider Transactions at Atkore

In related news, insider Mark F. Lamps sold 5,008 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $130.66, for a total transaction of $654,345.28. Following the transaction, the insider now owns 29,086 shares in the company, valued at approximately $3,800,376.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO William E. Jr. Waltz sold 79,600 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $150.75, for a total value of $11,999,700.00. Following the sale, the chief executive officer now directly owns 126,788 shares of the company’s stock, valued at $19,113,291. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mark F. Lamps sold 5,008 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $130.66, for a total transaction of $654,345.28. Following the completion of the transaction, the insider now owns 29,086 shares in the company, valued at $3,800,376.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,746 shares of company stock worth $12,672,194. Company insiders own 2.56% of the company’s stock.

Wall Street Analysts Forecast Growth

ATKR has been the subject of several research reports. Royal Bank of Canada reissued an “outperform” rating and set a $187.00 price objective on shares of Atkore in a research report on Friday, February 2nd. StockNews.com raised shares of Atkore from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.

Get Our Latest Stock Analysis on Atkore

Atkore Stock Down 0.2 %

Atkore stock opened at $148.31 on Monday. The company has a market cap of $5.45 billion, a P/E ratio of 8.89 and a beta of 2.18. Atkore Inc. has a 1-year low of $116.14 and a 1-year high of $165.69. The company has a fifty day simple moving average of $151.26 and a 200 day simple moving average of $145.00. The company has a current ratio of 2.96, a quick ratio of 1.99 and a debt-to-equity ratio of 0.51.

Atkore (NYSE:ATKRGet Free Report) last posted its earnings results on Thursday, February 1st. The company reported $4.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $1.04. Atkore had a net margin of 18.80% and a return on equity of 46.79%. The company had revenue of $798.50 million during the quarter, compared to analysts’ expectations of $777.05 million. During the same quarter last year, the company posted $4.51 EPS. Atkore’s quarterly revenue was down 4.2% compared to the same quarter last year. Research analysts anticipate that Atkore Inc. will post 15.06 earnings per share for the current fiscal year.

Atkore Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Tuesday, February 27th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, February 26th. This represents a $1.28 annualized dividend and a yield of 0.86%.

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.

Further Reading

Institutional Ownership by Quarter for Atkore (NYSE:ATKR)

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