California State Teachers Retirement System Sells 2,657 Shares of Atkore Inc. (NYSE:ATKR)

California State Teachers Retirement System reduced its position in shares of Atkore Inc. (NYSE:ATKRFree Report) by 6.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,981 shares of the company’s stock after selling 2,657 shares during the period. California State Teachers Retirement System owned about 0.11% of Atkore worth $6,397,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ATKR. GAMMA Investing LLC bought a new position in shares of Atkore in the fourth quarter worth about $26,000. Orion Capital Management LLC bought a new position in shares of Atkore in the third quarter worth about $30,000. Anchor Investment Management LLC bought a new position in shares of Atkore in the fourth quarter worth about $32,000. Montag A & Associates Inc. bought a new position in shares of Atkore in the fourth quarter worth about $58,000. Finally, Principal Securities Inc. bought a new position in shares of Atkore in the fourth quarter worth about $66,000.

Atkore Stock Down 0.7 %

Shares of NYSE ATKR opened at $140.44 on Tuesday. The stock has a market cap of $5.12 billion, a P/E ratio of 8.76 and a beta of 2.16. The firm has a 50 day moving average price of $164.54 and a 200 day moving average price of $159.19. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.98 and a current ratio of 3.09. Atkore Inc. has a 52-week low of $121.00 and a 52-week high of $194.98.

Atkore (NYSE:ATKRGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The company reported $4.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.86. The firm had revenue of $792.90 million during the quarter, compared to analysts’ expectations of $808.22 million. Atkore had a net margin of 18.30% and a return on equity of 43.19%. The business’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.31 earnings per share. Analysts expect that Atkore Inc. will post 14.93 EPS for the current year.

Atkore Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Tuesday, May 21st were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Monday, May 20th. Atkore’s dividend payout ratio is currently 7.98%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ATKR. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $187.00 target price on shares of Atkore in a research note on Friday, March 22nd. Citigroup dropped their price target on shares of Atkore from $200.00 to $188.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Finally, StockNews.com downgraded shares of Atkore from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th.

Get Our Latest Stock Report on Atkore

Insider Activity at Atkore

In other news, Director Justin A. Kershaw sold 1,099 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $171.77, for a total value of $188,775.23. Following the completion of the transaction, the director now owns 16,686 shares in the company, valued at $2,866,154.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Wilbert W. James, Jr. sold 599 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $153.23, for a total value of $91,784.77. Following the completion of the transaction, the director now owns 15,695 shares in the company, valued at $2,404,944.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Justin A. Kershaw sold 1,099 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $171.77, for a total transaction of $188,775.23. Following the completion of the transaction, the director now owns 16,686 shares of the company’s stock, valued at approximately $2,866,154.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,698 shares of company stock worth $1,503,850. 2.56% of the stock is currently owned by company insiders.

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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