Van Den Berg Management I Inc. Sells 19,585 Shares of Atkore Inc. (NYSE:ATKR)

Van Den Berg Management I Inc. lessened its holdings in shares of Atkore Inc. (NYSE:ATKR) by 20.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,098 shares of the company’s stock after selling 19,585 shares during the quarter. Atkore makes up approximately 4.0% of Van Den Berg Management I Inc.’s investment portfolio, making the stock its 5th largest position. Van Den Berg Management I Inc.’s holdings in Atkore were worth $10,831,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new position in Atkore during the first quarter worth approximately $28,000. Benjamin Edwards Inc. increased its position in Atkore by 128.2% during the first quarter. Benjamin Edwards Inc. now owns 267 shares of the company’s stock worth $38,000 after buying an additional 150 shares during the last quarter. CWM LLC increased its position in Atkore by 134.9% during the first quarter. CWM LLC now owns 296 shares of the company’s stock worth $42,000 after buying an additional 170 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Atkore by 179.8% during the first quarter. Parkside Financial Bank & Trust now owns 347 shares of the company’s stock worth $49,000 after buying an additional 223 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in Atkore by 85.6% during the second quarter. Captrust Financial Advisors now owns 607 shares of the company’s stock worth $50,000 after buying an additional 280 shares during the last quarter.

Insider Buying and Selling at Atkore

In other Atkore news, Director Scott H. Muse sold 1,211 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $150.00, for a total value of $181,650.00. Following the sale, the director now owns 26,583 shares of the company’s stock, valued at approximately $3,987,450. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Atkore news, Director Scott H. Muse sold 1,211 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $150.00, for a total value of $181,650.00. Following the sale, the director now owns 26,583 shares of the company’s stock, valued at approximately $3,987,450. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Leangela W. Lowe sold 3,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $160.09, for a total value of $480,270.00. Following the completion of the sale, the vice president now directly owns 25,585 shares in the company, valued at approximately $4,095,902.65. The disclosure for this sale can be found here. Company insiders own 2.11% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ATKR. B. Riley boosted their price target on Atkore from $161.00 to $186.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Citigroup boosted their price objective on Atkore from $159.00 to $163.00 and gave the stock a “neutral” rating in a report on Wednesday, August 9th. Royal Bank of Canada boosted their price objective on Atkore from $178.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Finally, StockNews.com assumed coverage on Atkore in a report on Thursday, August 17th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $176.25.

Atkore Trading Down 0.6 %

Shares of NYSE:ATKR opened at $150.72 on Friday. The company has a market capitalization of $5.70 billion, a P/E ratio of 8.01 and a beta of 2.20. Atkore Inc. has a 1 year low of $70.50 and a 1 year high of $164.76. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.85 and a quick ratio of 1.95. The business’s 50 day simple moving average is $152.07 and its 200 day simple moving average is $140.32.

Atkore (NYSE:ATKR) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.27 by $1.45. The business had revenue of $919.10 million for the quarter, compared to the consensus estimate of $929.45 million. Atkore had a return on equity of 59.21% and a net margin of 20.93%. The firm’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.74 earnings per share. On average, research analysts anticipate that Atkore Inc. will post 17.33 EPS for the current fiscal year.

Atkore Profile

Atkore Inc engages in the manufacture and sale of electrical, safety, and infrastructure products in the United States and internationally. The company offers conduits, cables, and installation accessories. It also designs and manufactures safety and infrastructure solutions, such as metal framing, mechanical pipe, perimeter security, and cable management.