Livforsakringsbolaget Skandia Omsesidigt Sells 4,600 Shares of Atkore Inc. (NYSE:ATKR)

Livforsakringsbolaget Skandia Omsesidigt decreased its stake in shares of Atkore Inc. (NYSE:ATKR) by 9.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 45,300 shares of the company’s stock after selling 4,600 shares during the period. Livforsakringsbolaget Skandia Omsesidigt owned 0.12% of Atkore worth $7,061,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Orion Capital Management LLC acquired a new position in shares of Atkore in the first quarter valued at about $28,000. Benjamin Edwards Inc. increased its stake in Atkore by 128.2% during the 1st quarter. Benjamin Edwards Inc. now owns 267 shares of the company’s stock worth $38,000 after acquiring an additional 150 shares during the period. CWM LLC lifted its position in shares of Atkore by 134.9% during the 1st quarter. CWM LLC now owns 296 shares of the company’s stock valued at $42,000 after acquiring an additional 170 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Atkore by 179.8% during the 1st quarter. Parkside Financial Bank & Trust now owns 347 shares of the company’s stock worth $49,000 after purchasing an additional 223 shares in the last quarter. Finally, Clearstead Advisors LLC bought a new position in shares of Atkore in the first quarter worth $51,000.

Insiders Place Their Bets

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

Atkore Trading Up 3.2 %

Shares of NYSE:ATKR traded up $4.77 during mid-day trading on Thursday, reaching $152.30. 60,249 shares of the company’s stock were exchanged, compared to its average volume of 427,390. The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of 7.84 and a beta of 2.20. Atkore Inc. has a twelve month low of $70.50 and a twelve month high of $164.76. The business’s fifty day moving average price is $151.78 and its 200-day moving average price is $140.45. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.95 and a current ratio of 2.85.

Atkore (NYSE:ATKR) last issued its quarterly earnings data 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. Atkore had a return on equity of 59.21% and a net margin of 20.93%. The company had revenue of $919.10 million during the quarter, compared to the consensus estimate of $929.45 million. During the same period last year, the company earned $5.74 earnings per share. The firm’s revenue was down 13.4% compared to the same quarter last year. On average, research analysts predict that Atkore Inc. will post 17.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of Atkore from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. StockNews.com initiated coverage on shares of Atkore in a report on Thursday, August 17th. They issued a “buy” rating for the company. B. Riley upped their price objective on shares of Atkore from $161.00 to $186.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, Citigroup boosted their target price on shares of Atkore from $159.00 to $163.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 9th. One investment 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.25.

About Atkore

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.