Atkore Inc. (NYSE:ATKR) Stock Holdings Decreased by Axa S.A.

Axa S.A. decreased its stake in shares of Atkore Inc. (NYSE:ATKR) by 92.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,500 shares of the company’s stock after selling 42,464 shares during the period. Axa S.A.’s holdings in Atkore were worth $472,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ATKR. ICA Group Wealth Management LLC bought a new position in Atkore during the 4th quarter worth approximately $25,000. LifeSteps Financial Inc. acquired a new stake in shares of Atkore during the 1st quarter valued at approximately $33,000. Mather Group LLC. boosted its holdings in Atkore by 895.7% in the second quarter. Mather Group LLC. now owns 468 shares of the company’s stock worth $63,000 after purchasing an additional 421 shares during the period. Headlands Technologies LLC increased its stake in Atkore by 829.9% during the second quarter. Headlands Technologies LLC now owns 902 shares of the company’s stock valued at $122,000 after purchasing an additional 805 shares during the last quarter. Finally, Kapitalo Investimentos Ltda raised its holdings in shares of Atkore by 2,658.8% during the fourth quarter. Kapitalo Investimentos Ltda now owns 938 shares of the company’s stock worth $150,000 after purchasing an additional 904 shares during the period.

Insider Transactions at Atkore

In related news, insider Mark F. Lamps sold 500 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $95.47, for a total transaction of $47,735.00. Following the transaction, the insider now owns 28,086 shares in the company, valued at $2,681,370.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ATKR. Loop Capital decreased their price target on shares of Atkore from $160.00 to $130.00 and set a “buy” rating for the company in a report on Friday, September 20th. B. Riley lowered their target price on Atkore from $183.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. KeyCorp dropped their price target on Atkore from $125.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Finally, Royal Bank of Canada lowered Atkore from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $175.00 to $100.00 in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.60.

Atkore Stock Performance

Shares of NYSE ATKR opened at $84.09 on Wednesday. Atkore Inc. has a 12-month low of $80.11 and a 12-month high of $194.98. The company has a current ratio of 3.26, a quick ratio of 2.03 and a debt-to-equity ratio of 0.49. The company has a market cap of $3.06 billion, a PE ratio of 5.25 and a beta of 2.14. The stock has a 50 day simple moving average of $99.15 and a 200-day simple moving average of $137.50.

Atkore (NYSE:ATKR) last released its quarterly earnings results on Tuesday, August 6th. The company reported $3.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.28. Atkore had a return on equity of 36.96% and a net margin of 16.47%. The company had revenue of $822.40 million during the quarter, compared to analysts’ expectations of $830.16 million. During the same quarter in the prior year, the business posted $5.13 earnings per share. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, equities research analysts forecast that Atkore Inc. will post 12.69 EPS for the current year.

Atkore Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.52%. Atkore’s dividend payout ratio (DPR) is 7.98%.

Atkore 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.