Boston Trust Walden Corp Increases Position in Atkore Inc. (NYSE:ATKR)

Boston Trust Walden Corp boosted its stake in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 44.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 272,939 shares of the company's stock after acquiring an additional 84,584 shares during the quarter. Boston Trust Walden Corp owned about 0.79% of Atkore worth $22,777,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP bought a new position in shares of Atkore during the 3rd quarter valued at approximately $7,916,000. Chase Investment Counsel Corp boosted its stake in Atkore by 97.0% during the third quarter. Chase Investment Counsel Corp now owns 13,000 shares of the company's stock worth $1,101,000 after buying an additional 6,400 shares during the period. Y Intercept Hong Kong Ltd increased its position in Atkore by 729.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 27,831 shares of the company's stock valued at $2,358,000 after acquiring an additional 24,476 shares during the last quarter. M&G PLC purchased a new stake in shares of Atkore in the third quarter valued at $9,123,000. Finally, Van ECK Associates Corp lifted its holdings in shares of Atkore by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 24,927 shares of the company's stock worth $2,136,000 after acquiring an additional 7,123 shares during the last quarter.

Insider Buying and Selling

In other news, Director Jeri L. Isbell sold 3,353 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $94.03, for a total value of $315,282.59. Following the sale, the director now directly owns 25,585 shares in the company, valued at approximately $2,405,757.55. This trade represents a 11.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark F. Lamps sold 500 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was 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 of the company's stock, valued at approximately $2,667,290.30. This trade represents a 1.78 % 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 over the last 90 days. Corporate insiders own 1.99% of the company's stock.

Atkore Trading Down 0.4 %

ATKR traded down $0.27 during trading on Friday, hitting $65.30. 946,752 shares of the stock were exchanged, compared to its average volume of 745,754. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.96 and a current ratio of 2.98. The firm has a 50 day simple moving average of $84.05 and a 200 day simple moving average of $91.14. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 5.17 and a beta of 2.12. Atkore Inc. has a 1 year low of $62.62 and a 1 year high of $194.98.

Atkore (NYSE:ATKR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.05 by $0.45. Atkore had a return on equity of 32.14% and a net margin of 14.77%. The firm had revenue of $661.60 million for the quarter, compared to analyst estimates of $680.77 million. During the same quarter last year, the firm posted $4.12 earnings per share. The business's revenue for the quarter was down 17.1% on a year-over-year basis. As a group, equities analysts expect that Atkore Inc. will post 6.62 EPS for the current year.

Atkore Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.96%. Atkore's dividend payout ratio is presently 10.13%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $102.00 price target (up from $93.00) on shares of Atkore in a report on Wednesday, December 4th. Roth Capital raised Atkore to a "strong-buy" rating in a research note on Monday, December 16th. B. Riley lowered Atkore from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $135.00 to $84.00 in a research note on Friday, November 22nd. Roth Mkm started coverage on Atkore in a research report on Tuesday, December 17th. They issued a "buy" rating and a $100.00 price objective on the stock. Finally, KeyCorp decreased their target price on Atkore from $105.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday. 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 company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $111.50.

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.