Keeley Teton Advisors LLC Sells 11,777 Shares of Atkore Inc. (NYSE:ATKR)

Keeley Teton Advisors LLC cut its holdings in Atkore Inc. (NYSE:ATKR - Free Report) by 65.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,284 shares of the company's stock after selling 11,777 shares during the quarter. Keeley Teton Advisors LLC's holdings in Atkore were worth $524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. MML Investors Services LLC boosted its stake in shares of Atkore by 38.2% during the 3rd quarter. MML Investors Services LLC now owns 10,973 shares of the company's stock valued at $930,000 after purchasing an additional 3,035 shares in the last quarter. Barclays PLC grew its holdings in shares of Atkore by 50.2% during the 3rd quarter. Barclays PLC now owns 70,736 shares of the company's stock worth $5,994,000 after acquiring an additional 23,628 shares during the period. Virtu Financial LLC bought a new position in shares of Atkore in the 3rd quarter worth approximately $867,000. Tidal Investments LLC lifted its stake in shares of Atkore by 38.7% in the 3rd quarter. Tidal Investments LLC now owns 23,744 shares of the company's stock valued at $2,012,000 after purchasing an additional 6,628 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of Atkore by 4.7% during the fourth quarter. Nordea Investment Management AB now owns 107,399 shares of the company's stock valued at $8,965,000 after purchasing an additional 4,869 shares in the last quarter.

Atkore Stock Up 8.7 %

ATKR stock traded up $4.95 during midday trading on Tuesday, hitting $61.68. The company's stock had a trading volume of 203,135 shares, compared to its average volume of 689,912. Atkore Inc. has a 12 month low of $49.92 and a 12 month high of $185.42. The firm's 50-day moving average is $61.96 and its 200-day moving average is $77.36. The company has a current ratio of 3.03, a quick ratio of 1.96 and a debt-to-equity ratio of 0.51. The company has a market cap of $2.14 billion, a PE ratio of 5.98 and a beta of 2.02.

Atkore (NYSE:ATKR - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.05 by $0.45. The company had revenue of $661.60 million during the quarter, compared to the consensus estimate of $680.77 million. Atkore had a return on equity of 25.69% and a net margin of 12.42%. Atkore's revenue for the quarter was down 17.1% on a year-over-year basis. During the same period last year, the company earned $4.12 EPS. On average, equities research analysts forecast that Atkore Inc. will post 5.79 earnings per share 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 given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Tuesday, February 18th. Atkore's dividend payout ratio (DPR) is presently 12.39%.

Insider Buying and Selling at Atkore

In other news, insider Mark F. Lamps sold 500 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $65.00, for a total value of $32,500.00. Following the transaction, the insider now owns 33,760 shares in the company, valued at $2,194,400. This represents a 1.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.99% of the company's stock.

Analysts Set New Price Targets

ATKR has been the topic of a number of research reports. Loop Capital cut shares of Atkore from a "buy" rating to a "hold" rating and dropped their target price for the company from $115.00 to $65.00 in a report on Monday, February 10th. Royal Bank of Canada upped their price objective on shares of Atkore from $64.00 to $65.00 and gave the stock a "sector perform" rating in a report on Tuesday. KeyCorp dropped their price target on Atkore from $80.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Citigroup reduced their price objective on Atkore from $78.00 to $66.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $75.00.

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.