30,819 Shares in Atkore Inc. (NYSE:ATKR) Acquired by Hodges Capital Management Inc.

Hodges Capital Management Inc. bought a new position in shares of Atkore Inc. (NYSE:ATKR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 30,819 shares of the company's stock, valued at approximately $4,158,000. Hodges Capital Management Inc. owned about 0.08% of Atkore at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new position in shares of Atkore in the fourth quarter worth $25,000. GAMMA Investing LLC purchased a new position in Atkore in the 4th quarter worth $26,000. LifeSteps Financial Inc. acquired a new stake in Atkore during the 1st quarter worth about $33,000. Global Retirement Partners LLC grew its stake in Atkore by 405.1% during the 1st 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. acquired a new position in shares of Atkore in the fourth quarter valued at about $58,000.

Analyst Upgrades and Downgrades

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

Insider Activity at Atkore

In other news, insider Mark F. Lamps sold 500 shares of the business's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $95.47, for a total transaction of $47,735.00. Following the completion of the sale, the insider now owns 28,086 shares of the company's stock, valued at $2,681,370.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.56% of the stock is owned by corporate insiders.

Atkore Stock Performance

NYSE ATKR traded down $1.35 during mid-day trading on Wednesday, reaching $87.06. 861,187 shares of the stock were exchanged, compared to its average volume of 621,645. The company has a market capitalization of $3.17 billion, a P/E ratio of 5.39 and a beta of 2.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.03 and a current ratio of 3.26. The business's 50 day moving average is $119.03 and its 200-day moving average is $147.81. Atkore Inc. has a 1 year low of $86.08 and a 1 year high of $194.98.

Atkore (NYSE:ATKR - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $3.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.28. The business had revenue of $822.40 million for the quarter, compared to analyst estimates of $830.16 million. Atkore had a net margin of 16.47% and a return on equity of 36.96%. The company's revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $5.13 EPS. On average, equities research analysts forecast that Atkore Inc. will post 12.69 EPS for the current fiscal year.

Atkore Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, August 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.47%. Atkore's dividend payout ratio (DPR) is 7.98%.

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.