Boston Trust Walden Corp Boosts Stake in Atkore Inc. (NYSE:ATKR)

Boston Trust Walden Corp increased its stake in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 9.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,355 shares of the company's stock after acquiring an additional 15,626 shares during the quarter. Boston Trust Walden Corp owned approximately 0.52% of Atkore worth $15,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Arizona State Retirement System increased its stake in Atkore by 0.8% in the 2nd 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 increased its stake in Atkore by 2.0% in the 2nd 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. increased its stake in Atkore by 6.5% in the 2nd quarter. Meixler Investment Management Ltd. now owns 1,947 shares of the company's stock worth $263,000 after purchasing an additional 119 shares during the period. Commonwealth Equity Services LLC increased its stake in Atkore by 3.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,115 shares of the company's stock worth $555,000 after purchasing an additional 129 shares during the period. Finally, Riverwater Partners LLC increased its stake in Atkore by 1.1% in the 2nd quarter. Riverwater Partners LLC now owns 14,310 shares of the company's stock worth $1,931,000 after purchasing an additional 159 shares during the period.

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 sale, the insider now directly owns 28,086 shares of the company's stock, valued at approximately $2,681,370.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.56% of the company's stock.

Atkore Stock Down 0.5 %

Shares of NYSE ATKR traded down $0.39 during mid-day trading on Friday, hitting $85.58. 266,734 shares of the stock traded hands, compared to its average volume of 614,098. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.03 and a current ratio of 3.26. Atkore Inc. has a 52 week low of $80.11 and a 52 week high of $194.98. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 5.34 and a beta of 2.14. The stock has a fifty day moving average price of $88.09 and a 200-day moving average price of $124.81.

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

Atkore Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Tuesday, August 20th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.50%. The ex-dividend date was Tuesday, August 20th. Atkore's dividend payout ratio (DPR) is 7.98%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ATKR. B. Riley cut their price objective on Atkore from $183.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada lowered Atkore from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from $175.00 to $100.00 in a research report on Wednesday, August 7th. KeyCorp cut their price objective on Atkore from $125.00 to $105.00 and set an "overweight" rating on the stock in a research report on Friday, September 13th. Finally, Loop Capital cut their price objective on Atkore from $160.00 to $130.00 and set a "buy" rating on the stock in a research report on Friday, September 20th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.60.

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.