Los Angeles Capital Management LLC Has $2.92 Million Stock Holdings in Atkore Inc. (NYSE:ATKR)

Los Angeles Capital Management LLC cut its position in Atkore Inc. (NYSE:ATKR) by 23.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,323 shares of the company’s stock after selling 4,576 shares during the period. Los Angeles Capital Management LLC’s holdings in Atkore were worth $2,917,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. ICA Group Wealth Management LLC acquired a new stake in Atkore in the fourth quarter worth $25,000. GAMMA Investing LLC acquired a new stake in shares of Atkore during the fourth quarter worth $26,000. Orion Capital Management LLC acquired a new stake in shares of Atkore during the third quarter worth $30,000. Anchor Investment Management LLC acquired a new stake in shares of Atkore during the fourth quarter worth $32,000. Finally, Montag A & Associates Inc. acquired a new stake in shares of Atkore during the fourth quarter worth $58,000.

Insider Transactions at Atkore

In other news, Director Wilbert W. James, Jr. sold 599 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $153.23, for a total transaction of $91,784.77. Following the completion of the sale, the director now owns 15,695 shares in the company, valued at approximately $2,404,944.85. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Atkore news, Director Wilbert W. James, Jr. sold 599 shares of Atkore stock in a transaction dated 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 sale, the director now owns 15,695 shares in the company, valued at approximately $2,404,944.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark F. Lamps sold 500 shares of Atkore stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $157.67, for a total transaction of $78,835.00. Following the completion of the sale, the insider now owns 28,586 shares of the company’s stock, valued at approximately $4,507,154.62. The disclosure for this sale can be found here. 2.56% of the stock is currently owned by corporate insiders.

Atkore Stock Performance

Shares of ATKR opened at $134.49 on Friday. The firm has a 50-day moving average of $157.12 and a 200-day moving average of $159.26. Atkore Inc. has a one year low of $121.00 and a one year high of $194.98. The company has a market cap of $4.90 billion, a PE ratio of 8.38 and a beta of 2.16. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.09 and a quick ratio of 1.98.

Atkore (NYSE:ATKR) last posted its earnings results on Monday, May 6th. The company reported $4.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.86. The company 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%. Atkore’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter last year, the company posted $4.31 EPS. As a group, equities analysts forecast that Atkore Inc. will post 14.93 earnings per share for the current year.

Atkore Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Tuesday, May 21st were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Monday, May 20th. Atkore’s dividend payout ratio is presently 7.98%.

Analyst Upgrades and Downgrades

ATKR has been the subject of a number of analyst reports. 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, March 22nd. StockNews.com downgraded shares of Atkore from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, Citigroup decreased their price objective on shares of Atkore from $200.00 to $188.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th.

Atkore Company Profile

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.