Russell Investments Group Ltd. Has $5.29 Million Position in Atkore Inc. (NYSE:ATKR)

Russell Investments Group Ltd. reduced its stake in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 14.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,437 shares of the company's stock after selling 11,102 shares during the quarter. Russell Investments Group Ltd. owned about 0.18% of Atkore worth $5,294,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in Atkore by 87.7% during the fourth quarter. Jones Financial Companies Lllp now owns 398 shares of the company's stock worth $33,000 after acquiring an additional 186 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Atkore by 30.2% in the fourth quarter. Pacer Advisors Inc. now owns 841 shares of the company's stock worth $70,000 after acquiring an additional 195 shares during the last quarter. Harbour Investments Inc. raised its stake in Atkore by 3,333.3% in the 4th quarter. Harbour Investments Inc. now owns 1,030 shares of the company's stock valued at $86,000 after purchasing an additional 1,000 shares during the last quarter. KBC Group NV boosted its stake in shares of Atkore by 47.7% during the 4th quarter. KBC Group NV now owns 1,452 shares of the company's stock worth $121,000 after purchasing an additional 469 shares during the last quarter. Finally, Matrix Trust Co raised its position in shares of Atkore by 657.7% in the fourth quarter. Matrix Trust Co now owns 2,129 shares of the company's stock valued at $178,000 after buying an additional 1,848 shares during the last quarter.

Insider Activity at Atkore

In other news, insider Mark F. Lamps sold 500 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $65.00, for a total transaction 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 SEC, which can be accessed through this hyperlink. Insiders own 1.99% of the company's stock.

Atkore Price Performance

Shares of ATKR traded up $0.73 during mid-day trading on Friday, hitting $58.47. The company's stock had a trading volume of 839,447 shares, compared to its average volume of 697,722. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 5.66 and a beta of 2.02. Atkore Inc. has a fifty-two week low of $49.92 and a fifty-two week high of $185.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.03 and a quick ratio of 1.96. The firm has a 50-day moving average price of $62.46 and a 200 day moving average price of $77.79.

Atkore (NYSE:ATKR - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.45. Atkore had a return on equity of 25.69% and a net margin of 12.42%. The business had revenue of $661.60 million during the quarter, compared to analyst estimates of $680.77 million. During the same period last year, the company posted $4.12 EPS. The company's revenue was down 17.1% compared to the same quarter last year. On average, research analysts predict that Atkore Inc. will post 5.79 EPS for the current fiscal year.

Atkore Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Tuesday, February 18th. Atkore's dividend payout ratio (DPR) is presently 12.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ATKR shares. KeyCorp decreased their price objective on Atkore from $80.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Loop Capital lowered Atkore from a "buy" rating to a "hold" rating and lowered their target price for the company from $115.00 to $65.00 in a research note on Monday, February 10th. Finally, Citigroup reduced their price objective on Atkore from $78.00 to $66.00 and set a "neutral" rating on the stock in a research note on Monday. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $81.17.

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.