Ceredex Value Advisors LLC Has $9.03 Million Holdings in Atkore Inc. (NYSE:ATKR)

Ceredex Value Advisors LLC grew its position in Atkore Inc. (NYSE:ATKR - Free Report) by 44.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,900 shares of the company's stock after purchasing an additional 20,550 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.18% of Atkore worth $9,027,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. ICA Group Wealth Management LLC bought a new position in shares of Atkore in the fourth quarter valued at $25,000. GAMMA Investing LLC bought a new position in shares of Atkore in the fourth quarter valued at $26,000. LifeSteps Financial Inc. purchased a new stake in shares of Atkore in the first quarter valued at about $33,000. Global Retirement Partners LLC raised its holdings in shares of Atkore by 405.1% in the first quarter. Global Retirement Partners LLC now owns 197 shares of the company's stock valued at $38,000 after purchasing an additional 158 shares during the last quarter. Finally, Montag A & Associates Inc. purchased a new stake in shares of Atkore in the fourth quarter valued at about $58,000.

Insider Buying and Selling

In other Atkore news, insider Mark F. Lamps sold 500 shares of the business's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $95.47, for a total transaction of $47,735.00. Following the transaction, the insider now directly owns 28,086 shares of the company's stock, valued at approximately $2,681,370.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Wilbert W. James, Jr. sold 599 shares of the business's stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $153.23, for a total transaction of $91,784.77. Following the sale, the director now owns 15,695 shares in the company, valued at approximately $2,404,944.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mark F. Lamps sold 500 shares of the company's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $95.47, for a total transaction of $47,735.00. Following the completion of the transaction, the insider now owns 28,086 shares in the company, valued at approximately $2,681,370.42. The disclosure for this sale can be found here. 2.56% of the stock is owned by insiders.

Atkore Price Performance

Shares of ATKR stock traded up $5.40 during trading hours on Friday, hitting $102.75. 834,177 shares of the company's stock were exchanged, compared to its average volume of 618,144. The company has a market capitalization of $3.74 billion, a PE ratio of 6.41 and a beta of 2.15. Atkore Inc. has a 12-month low of $91.31 and a 12-month high of $194.98. The business's 50 day simple moving average is $124.75 and its 200-day simple moving average is $150.42. The company has a current ratio of 3.09, a quick ratio of 1.98 and a debt-to-equity ratio of 0.49.

Atkore (NYSE:ATKR - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $3.80 EPS for the quarter, topping the consensus estimate of $3.52 by $0.28. Atkore had a net margin of 18.30% and a return on equity of 43.19%. The company had revenue of $822.40 million for the quarter, compared to the consensus estimate of $830.16 million. During the same period in the previous year, the firm earned $5.13 earnings per share. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. On average, equities research analysts anticipate that Atkore Inc. will post 14.93 earnings per share for the current year.

Atkore Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Tuesday, August 20th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, August 20th. Atkore's payout ratio is 7.98%.

Wall Street Analyst Weigh In

Several analysts have recently commented on ATKR shares. B. Riley lowered their target price on shares of Atkore from $183.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. StockNews.com downgraded shares of Atkore from a "buy" rating to a "hold" rating in a report on Wednesday, May 8th. KeyCorp decreased their price objective on shares of Atkore from $175.00 to $125.00 and set an "overweight" rating for the company in a report on Wednesday, August 7th. Citigroup decreased their price objective on shares of Atkore from $200.00 to $188.00 and set a "neutral" rating for the company in a report on Wednesday, May 8th. Finally, Royal Bank of Canada downgraded shares of Atkore from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $175.00 to $100.00 in a report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $137.00.

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.