Victory Capital Management Inc. Sells 269,486 Shares of Atkore Inc. (NYSE:ATKR)

Victory Capital Management Inc. reduced its position in shares of Atkore Inc. (NYSE:ATKR - Free Report) by 95.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,630 shares of the company's stock after selling 269,486 shares during the quarter. Victory Capital Management Inc.'s holdings in Atkore were worth $986,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ATKR. Boston Partners boosted its stake in shares of Atkore by 12.0% during the 1st quarter. Boston Partners now owns 1,340,146 shares of the company's stock worth $254,733,000 after acquiring an additional 143,121 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Atkore by 26.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,234,350 shares of the company's stock valued at $104,599,000 after purchasing an additional 261,234 shares during the period. American Century Companies Inc. lifted its stake in shares of Atkore by 22.9% in the second quarter. American Century Companies Inc. now owns 773,697 shares of the company's stock worth $104,395,000 after buying an additional 144,283 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Atkore by 5.4% during the 2nd quarter. William Blair Investment Management LLC now owns 395,388 shares of the company's stock worth $53,350,000 after buying an additional 20,229 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Atkore by 23.5% in the 2nd quarter. Principal Financial Group Inc. now owns 336,835 shares of the company's stock valued at $45,449,000 after buying an additional 64,050 shares during the last quarter.

Insider Buying and Selling at Atkore

In other Atkore news, VP Daniel S. Kelly sold 13,071 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $95.74, for a total transaction of $1,251,417.54. Following the sale, the vice president now owns 27,528 shares of the company's stock, valued at $2,635,530.72. This represents a 32.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark F. Lamps sold 500 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $96.55, for a total transaction of $48,275.00. Following the transaction, the insider now owns 27,626 shares in the company, valued at $2,667,290.30. The trade was a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.56% of the company's stock.

Atkore Price Performance

NYSE ATKR traded down $1.78 during trading on Thursday, reaching $93.17. 726,884 shares of the company traded hands, compared to its average volume of 639,876. Atkore Inc. has a 1-year low of $76.01 and a 1-year high of $194.98. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 7.38 and a beta of 2.13. The stock's 50 day moving average price is $88.26 and its two-hundred day moving average price is $111.70. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.96 and a current ratio of 2.98.

Atkore Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, December 6th. This represents a $1.28 annualized dividend and a yield of 1.37%. Atkore's dividend payout ratio is currently 10.13%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ATKR. Royal Bank of Canada lowered their target price on Atkore from $99.00 to $93.00 and set a "sector perform" rating on the stock in a report on Friday, November 22nd. Loop Capital dropped their target price on shares of Atkore from $130.00 to $115.00 and set a "buy" rating on the stock in a research report on Friday, November 22nd. B. Riley downgraded shares of Atkore from a "buy" rating to a "neutral" rating and reduced their price target for the company from $135.00 to $84.00 in a report on Friday, November 22nd. Finally, KeyCorp dropped their price objective on shares of Atkore from $125.00 to $105.00 and set an "overweight" rating on the stock in a report on Friday, September 13th. Four 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 has an average rating of "Hold" and an average target price of $117.00.

About Atkore

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.