Barclays PLC Purchases 327 Shares of Atkore Inc. (NYSE:ATKR)

Barclays PLC raised its stake in Atkore Inc. (NYSE:ATKRFree Report) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,816 shares of the company’s stock after purchasing an additional 327 shares during the quarter. Barclays PLC owned 0.07% of Atkore worth $3,852,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Illinois Municipal Retirement Fund bought a new position in shares of Atkore during the third quarter valued at about $1,607,000. Los Angeles Capital Management LLC increased its stake in Atkore by 2.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 19,940 shares of the company’s stock valued at $2,975,000 after buying an additional 434 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Atkore during the 3rd quarter worth approximately $54,000. California Public Employees Retirement System boosted its stake in shares of Atkore by 1.9% in the 3rd quarter. California Public Employees Retirement System now owns 80,421 shares of the company’s stock worth $11,998,000 after buying an additional 1,469 shares during the last quarter. Finally, Duality Advisers LP bought a new position in shares of Atkore in the third quarter valued at approximately $529,000.

Atkore Stock Down 0.2 %

Shares of NYSE ATKR opened at $148.31 on Monday. The business’s fifty day moving average price is $151.26 and its 200-day moving average price is $145.08. Atkore Inc. has a one year low of $116.14 and a one year high of $165.69. The stock has a market capitalization of $5.45 billion, a PE ratio of 8.89 and a beta of 2.18. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.96 and a quick ratio of 1.99.

Atkore (NYSE:ATKRGet Free Report) last issued its earnings results on Thursday, February 1st. The company reported $4.12 earnings per share 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 firm had revenue of $798.50 million during the quarter, compared to analyst estimates of $777.05 million. During the same quarter last year, the business earned $4.51 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis. On average, equities research analysts anticipate that Atkore Inc. will post 15.06 EPS for the current year.

Atkore Dividend Announcement

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

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ATKR shares. Royal Bank of Canada reissued an “outperform” rating and issued a $187.00 price objective on shares of Atkore in a research report on Friday, February 2nd. StockNews.com upgraded shares of Atkore from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.

Get Our Latest Stock Report on ATKR

Atkore Company 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.

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Institutional Ownership by Quarter for Atkore (NYSE:ATKR)

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