Loomis Sayles & Co. L P Has $6.11 Million Stock Holdings in Atkore Inc. (NYSE:ATKR)

Loomis Sayles & Co. L P trimmed its holdings in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 7.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,187 shares of the company's stock after selling 5,828 shares during the period. Loomis Sayles & Co. L P owned 0.21% of Atkore worth $6,107,000 as of its most recent SEC filing.

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

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Atkore Trading Down 9.5 %

Atkore stock traded down $5.84 during midday trading on Thursday, hitting $55.64. 167,267 shares of the stock were exchanged, compared to its average volume of 692,672. Atkore Inc. has a 52 week low of $55.46 and a 52 week high of $189.84. The company has a quick ratio of 1.96, a current ratio of 3.03 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.93 billion, a PE ratio of 5.39 and a beta of 2.02. The company has a fifty day simple moving average of $67.65 and a two-hundred day simple moving average of $80.38.

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

Atkore Dividend Announcement

The business also recently announced 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 was Tuesday, February 18th. This represents a $1.28 annualized dividend and a yield of 2.30%. Atkore's dividend payout ratio (DPR) is currently 12.39%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ATKR shares. Roth Capital raised Atkore to a "strong-buy" rating in a report on Monday, December 16th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $102.00 price target (up previously from $93.00) on shares of Atkore in a research note on Wednesday, December 4th. Loop Capital lowered Atkore from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $115.00 to $65.00 in a research report on Monday, February 10th. KeyCorp cut their target price on shares of Atkore from $105.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Finally, Roth Mkm initiated coverage on shares of Atkore in a research report on Tuesday, December 17th. They set a "buy" rating and a $100.00 price target for the company. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Atkore has a consensus rating of "Moderate Buy" and an average target price of $103.17.

Insider Buying and Selling at Atkore

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

About Atkore

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.