Atkore Inc. (NYSE:ATKR) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. decreased its stake in Atkore Inc. (NYSE:ATKR - Free Report) by 91.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,724 shares of the company's stock after selling 19,258 shares during the period. Raymond James Trust N.A.'s holdings in Atkore were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of Atkore by 1.5% during the 4th quarter. Principal Financial Group Inc. now owns 200,175 shares of the company's stock valued at $32,028,000 after purchasing an additional 3,036 shares in the last quarter. Capital World Investors bought a new stake in shares of Atkore during the 1st quarter valued at about $14,986,000. Sei Investments Co. boosted its position in shares of Atkore by 44.3% during the 1st quarter. Sei Investments Co. now owns 65,913 shares of the company's stock valued at $12,547,000 after purchasing an additional 20,244 shares in the last quarter. Boston Trust Walden Corp bought a new position in Atkore in the second quarter worth approximately $23,306,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Atkore by 1.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 449,323 shares of the company's stock worth $85,535,000 after acquiring an additional 4,852 shares in the last quarter.

Analyst Ratings Changes

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

Atkore Stock Down 0.5 %

Shares of ATKR stock traded down $0.44 during trading hours on Thursday, reaching $92.92. The company had a trading volume of 733,661 shares, compared to its average volume of 618,796. Atkore Inc. has a 12 month low of $91.31 and a 12 month high of $194.98. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.09 and a quick ratio of 1.98. The business has a fifty day simple moving average of $121.52 and a 200-day simple moving average of $148.92. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 5.79 and a beta of 2.15.

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

Atkore Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Tuesday, August 20th will be given a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $1.28 annualized dividend and a yield of 1.38%. Atkore's dividend payout ratio is currently 7.98%.

Insiders Place Their Bets

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

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.