Orion Portfolio Solutions LLC Has $206,000 Stock Position in Atkore Inc. (NYSE:ATKR)

Orion Portfolio Solutions LLC reduced its holdings in Atkore Inc. (NYSE:ATKR - Free Report) by 84.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,428 shares of the company's stock after selling 13,021 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Atkore were worth $206,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Quarry LP bought a new stake in shares of Atkore during the 2nd quarter worth about $57,000. Signaturefd LLC raised its holdings in Atkore by 445.6% during the third quarter. Signaturefd LLC now owns 491 shares of the company's stock worth $42,000 after purchasing an additional 401 shares in the last quarter. Headlands Technologies LLC lifted its position in Atkore by 829.9% in the second quarter. Headlands Technologies LLC now owns 902 shares of the company's stock worth $122,000 after purchasing an additional 805 shares during the period. Covestor Ltd boosted its stake in Atkore by 63.7% during the 3rd quarter. Covestor Ltd now owns 1,002 shares of the company's stock valued at $85,000 after purchasing an additional 390 shares in the last quarter. Finally, Pinnacle Associates Ltd. acquired a new position in shares of Atkore during the 3rd quarter valued at $126,000.

Insider Activity at Atkore

In other Atkore news, Director Jeri L. Isbell sold 3,353 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $94.03, for a total value of $315,282.59. Following the completion of the sale, the director now owns 25,585 shares in the company, valued at $2,405,757.55. This represents a 11.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark F. Lamps sold 500 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $96.55, for a total transaction of $48,275.00. Following the transaction, the insider now owns 27,626 shares in the company, valued at approximately $2,667,290.30. This represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,924 shares of company stock valued at $1,614,975. Company insiders own 2.56% of the company's stock.

Atkore Trading Up 0.8 %

ATKR stock traded up $0.68 during mid-day trading on Friday, reaching $83.40. 1,083,863 shares of the stock traded hands, compared to its average volume of 633,084. Atkore Inc. has a 52-week low of $76.01 and a 52-week high of $194.98. The stock's fifty day moving average is $89.41 and its 200-day moving average is $104.07. The company has a market cap of $2.90 billion, a P/E ratio of 6.60 and a beta of 2.10. The company has a current ratio of 2.98, a quick ratio of 1.96 and a debt-to-equity ratio of 0.50.

Atkore (NYSE:ATKR - Get Free Report) last released its quarterly earnings results on Thursday, November 21st. The company reported $2.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.08 by ($0.06). Atkore had a net margin of 14.77% and a return on equity of 32.14%. The firm had revenue of $788.30 million for the quarter, compared to analyst estimates of $749.49 million. During the same quarter in the prior year, the firm earned $3.63 EPS. The firm's revenue was down 9.4% compared to the same quarter last year. As a group, sell-side analysts expect that Atkore Inc. will post 6.69 earnings per share for the current year.

Atkore Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, December 6th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, December 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.53%. Atkore's dividend payout ratio is 10.13%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ATKR. Roth Mkm initiated coverage on Atkore in a report on Tuesday. They issued a "buy" rating and a $100.00 price objective for the company. KeyCorp cut their price target on shares of Atkore from $125.00 to $105.00 and set an "overweight" rating for the company in a report on Friday, September 13th. B. Riley cut shares of Atkore from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $135.00 to $84.00 in a research note on Friday, November 22nd. Roth Capital upgraded shares of Atkore to a "strong-buy" rating in a report on Monday, December 16th. Finally, Loop Capital reduced their target price on shares of Atkore from $130.00 to $115.00 and set a "buy" rating for the company in a report on Friday, November 22nd. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Atkore has a consensus rating of "Moderate Buy" and an average price target of $115.67.

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.