Orion Portfolio Solutions LLC Sells 13,021 Shares of Atkore Inc. (NYSE:ATKR)

Orion Portfolio Solutions LLC lessened its holdings in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 84.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Arizona State Retirement System boosted its holdings in shares of Atkore by 0.8% in the second quarter. Arizona State Retirement System now owns 10,294 shares of the company's stock valued at $1,389,000 after buying an additional 85 shares during the period. Meixler Investment Management Ltd. boosted its stake in Atkore by 6.5% in the 2nd quarter. Meixler Investment Management Ltd. now owns 1,947 shares of the company's stock worth $263,000 after purchasing an additional 119 shares during the period. Commonwealth Equity Services LLC increased its holdings in Atkore by 3.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,115 shares of the company's stock worth $555,000 after purchasing an additional 129 shares in the last quarter. Cornercap Investment Counsel Inc. raised its stake in shares of Atkore by 3.9% in the 3rd quarter. Cornercap Investment Counsel Inc. now owns 5,090 shares of the company's stock valued at $431,000 after purchasing an additional 189 shares during the period. Finally, Quarry LP lifted its holdings in shares of Atkore by 48.8% in the third quarter. Quarry LP now owns 634 shares of the company's stock valued at $54,000 after purchasing an additional 208 shares in the last quarter.

Insider Buying and Selling at Atkore

In other Atkore news, insider Mark F. Lamps sold 500 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $96.55, for a total value of $48,275.00. Following the transaction, the insider now directly owns 27,626 shares of the company's stock, valued at $2,667,290.30. This represents a 1.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Daniel S. Kelly sold 13,071 shares of Atkore stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $95.74, for a total value of $1,251,417.54. Following the sale, the vice president now directly owns 27,528 shares of the company's stock, valued at $2,635,530.72. This represents a 32.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,924 shares of company stock valued at $1,614,975 in the last quarter. 2.56% of the stock is currently owned by insiders.

Atkore Stock Performance

NYSE ATKR traded up $0.68 on Friday, hitting $83.40. 1,083,863 shares of the stock were exchanged, compared to its average volume of 633,084. The company has a market capitalization of $2.90 billion, a PE ratio of 6.60 and a beta of 2.10. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.98 and a quick ratio of 1.96. The business's fifty day moving average is $89.41 and its 200 day moving average is $104.33. Atkore Inc. has a 52 week low of $76.01 and a 52 week high of $194.98.

Atkore (NYSE:ATKR - Get Free Report) last issued its earnings results on Thursday, November 21st. The company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.06). The firm had revenue of $788.30 million during the quarter, compared to analyst estimates of $749.49 million. Atkore had a net margin of 14.77% and a return on equity of 32.14%. The company's revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter last year, the business posted $3.63 earnings per share. Research analysts anticipate that Atkore Inc. will post 6.69 EPS for the current fiscal year.

Atkore Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ATKR. Roth Mkm began coverage on Atkore in a report on Tuesday. They set a "buy" rating and a $100.00 price objective for the company. Roth Capital raised shares of Atkore to a "strong-buy" rating in a research note on Monday, December 16th. B. Riley lowered shares of Atkore from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $135.00 to $84.00 in a research report on Friday, November 22nd. KeyCorp decreased their target price on shares of Atkore from $125.00 to $105.00 and set an "overweight" rating for the company in a research report on Friday, September 13th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $102.00 price target (up from $93.00) on shares of Atkore in a research report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Atkore presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.67.

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.