Crawford Fund Management LLC Trims Stock Holdings in Atkore Inc. (NYSE:ATKR)

Crawford Fund Management LLC lessened its holdings in Atkore Inc. (NYSE:ATKR - Free Report) by 81.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,105 shares of the company's stock after selling 22,138 shares during the quarter. Crawford Fund Management LLC's holdings in Atkore were worth $433,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Arizona State Retirement System lifted its holdings in shares of Atkore by 0.8% during the second quarter. Arizona State Retirement System now owns 10,294 shares of the company's stock worth $1,389,000 after purchasing an additional 85 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of Atkore by 2.0% during the second quarter. SummerHaven Investment Management LLC now owns 4,944 shares of the company's stock worth $667,000 after purchasing an additional 99 shares during the period. Meixler Investment Management Ltd. raised its position in Atkore by 6.5% during the second quarter. Meixler Investment Management Ltd. now owns 1,947 shares of the company's stock valued at $263,000 after acquiring an additional 119 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Atkore by 3.2% during the second quarter. Commonwealth Equity Services LLC now owns 4,115 shares of the company's stock valued at $555,000 after acquiring an additional 129 shares in the last quarter. Finally, Riverwater Partners LLC raised its position in Atkore by 1.1% during the second quarter. Riverwater Partners LLC now owns 14,310 shares of the company's stock valued at $1,931,000 after acquiring an additional 159 shares in the last quarter.

Atkore Stock Up 1.2 %

Shares of ATKR traded up $1.14 during midday trading on Friday, hitting $94.31. The company had a trading volume of 340,062 shares, compared to its average volume of 638,578. The company's 50-day simple moving average is $88.34 and its 200-day simple moving average is $111.57. 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 market capitalization of $3.29 billion, a P/E ratio of 7.46 and a beta of 2.13. Atkore Inc. has a 1 year low of $76.01 and a 1 year high of $194.98.

Atkore Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, December 6th. Atkore's dividend payout ratio (DPR) is presently 10.13%.

Insider Transactions at Atkore

In other Atkore news, insider Mark F. Lamps sold 500 shares of Atkore 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 $2,667,290.30. The trade was a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Daniel S. Kelly sold 13,071 shares of Atkore stock in a transaction that occurred 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 transaction, the vice president now directly owns 27,528 shares in the company, valued at approximately $2,635,530.72. This trade represents a 32.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. KeyCorp reduced their price target on Atkore from $125.00 to $105.00 and set an "overweight" rating for the company in a research report on Friday, September 13th. Loop Capital cut their price objective on Atkore from $130.00 to $115.00 and set a "buy" rating for the company in a research report on Friday, November 22nd. Royal Bank of Canada cut their price objective on Atkore from $99.00 to $93.00 and set a "sector perform" rating for the company in a research report on Friday, November 22nd. Finally, B. Riley cut Atkore from a "buy" rating to a "neutral" rating and cut their price objective for the company from $135.00 to $84.00 in a research report on Friday, November 22nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $117.00.

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.