American Century Companies Inc. Has $65.41 Million Stock Holdings in Atkore Inc. (NYSE:ATKR)

American Century Companies Inc. lessened its position in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 19.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 783,813 shares of the company's stock after selling 193,070 shares during the period. American Century Companies Inc. owned approximately 2.26% of Atkore worth $65,409,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ATKR. Lakewood Asset Management LLC lifted its stake in Atkore by 1.4% during the fourth quarter. Lakewood Asset Management LLC now owns 9,057 shares of the company's stock worth $756,000 after purchasing an additional 126 shares during the last quarter. Isthmus Partners LLC raised its holdings in shares of Atkore by 0.8% during the 4th quarter. Isthmus Partners LLC now owns 21,441 shares of the company's stock worth $1,789,000 after buying an additional 162 shares in the last quarter. Xponance Inc. lifted its position in shares of Atkore by 6.9% during the 4th quarter. Xponance Inc. now owns 2,569 shares of the company's stock worth $214,000 after buying an additional 166 shares during the last quarter. Willis Investment Counsel boosted its stake in Atkore by 3.3% in the fourth quarter. Willis Investment Counsel now owns 5,350 shares of the company's stock valued at $446,000 after buying an additional 171 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Atkore by 87.7% in the fourth quarter. Jones Financial Companies Lllp now owns 398 shares of the company's stock valued at $33,000 after buying an additional 186 shares in the last quarter.

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Insiders Place Their Bets

In other news, insider Mark F. Lamps sold 500 shares of Atkore stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $65.00, for a total value of $32,500.00. Following the completion of the transaction, the insider now directly owns 33,760 shares of the company's stock, valued at approximately $2,194,400. This trade represents a 1.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ATKR. Roth Mkm assumed coverage on shares of Atkore in a report on Tuesday, December 17th. They issued a "buy" rating and a $100.00 target price for the company. Royal Bank of Canada reiterated a "sector perform" rating and set a $102.00 price objective (up from $93.00) on shares of Atkore in a research report on Wednesday, December 4th. Roth Capital upgraded shares of Atkore to a "strong-buy" rating in a research report on Monday, December 16th. KeyCorp decreased their target price on shares of Atkore from $105.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Finally, Loop Capital cut Atkore from a "buy" rating to a "hold" rating and dropped their price target for the company from $115.00 to $65.00 in a research note on Monday, February 10th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $103.17.

Atkore Trading Down 2.9 %

Shares of ATKR stock traded down $1.79 during trading hours on Friday, hitting $60.54. 352,948 shares of the company's stock traded hands, compared to its average volume of 697,673. The stock has a market cap of $2.10 billion, a PE ratio of 5.86 and a beta of 2.22. The stock's 50 day simple moving average is $69.23 and its 200 day simple moving average is $80.89. The company has a quick ratio of 1.96, a current ratio of 3.03 and a debt-to-equity ratio of 0.51. Atkore Inc. has a 12 month low of $55.91 and a 12 month high of $194.98.

Atkore (NYSE:ATKR - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.05 by $0.45. The firm had revenue of $661.60 million for the quarter, compared to the consensus estimate of $680.77 million. Atkore had a return on equity of 25.69% and a net margin of 12.42%. The business's quarterly revenue was down 17.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.12 EPS. On average, sell-side analysts anticipate that Atkore Inc. will post 5.79 EPS for the current year.

Atkore Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.28 annualized dividend and a yield of 2.11%. Atkore's payout ratio is 12.39%.

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.