Virtu Financial LLC Buys Shares of 10,227 Atkore Inc. (NYSE:ATKR)

Virtu Financial LLC acquired a new position in Atkore Inc. (NYSE:ATKR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,227 shares of the company's stock, valued at approximately $867,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ATKR. Quarry LP acquired a new stake in Atkore in the 2nd quarter worth $57,000. Signaturefd LLC grew its position in Atkore by 445.6% during the third quarter. Signaturefd LLC now owns 491 shares of the company's stock worth $42,000 after buying an additional 401 shares in the last quarter. Headlands Technologies LLC increased its stake in Atkore by 829.9% during the second quarter. Headlands Technologies LLC now owns 902 shares of the company's stock valued at $122,000 after acquiring an additional 805 shares during the period. Covestor Ltd raised its holdings in Atkore by 63.7% in the 3rd quarter. Covestor Ltd now owns 1,002 shares of the company's stock valued at $85,000 after acquiring an additional 390 shares in the last quarter. Finally, Pinnacle Associates Ltd. bought a new stake in shares of Atkore in the 3rd quarter worth approximately $126,000.

Analysts Set New Price Targets

ATKR has been the topic of a number of research reports. Royal Bank of Canada restated a "sector perform" rating and set a $102.00 price objective (up from $93.00) on shares of Atkore in a research report on Wednesday, December 4th. KeyCorp lowered their price target 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. Loop Capital reduced their price objective on shares of Atkore from $130.00 to $115.00 and set a "buy" rating for the company in a report on Friday, November 22nd. Finally, B. Riley cut shares of Atkore from a "buy" rating to a "neutral" rating and lowered their target price for the company from $135.00 to $84.00 in a research note on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Atkore presently has an average rating of "Hold" and a consensus price target of $118.80.

Atkore Price Performance

Atkore stock traded down $1.94 during trading hours on Friday, hitting $84.84. 485,074 shares of the stock were exchanged, compared to its average volume of 632,145. Atkore Inc. has a 12 month low of $76.01 and a 12 month high of $194.98. The business's 50-day moving average is $89.61 and its two-hundred day moving average is $107.13. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.96 and a current ratio of 2.98. The stock has a market capitalization of $2.96 billion, a P/E ratio of 6.72 and a beta of 2.10.

Atkore (NYSE:ATKR - Get Free Report) last released its quarterly earnings results on Thursday, November 21st. The company reported $2.02 EPS for the quarter, missing analysts' consensus estimates of $2.08 by ($0.06). Atkore had a return on equity of 32.14% and a net margin of 14.77%. The business had revenue of $788.30 million for the quarter, compared to the consensus estimate of $749.49 million. During the same quarter last year, the company earned $3.63 earnings per share. The firm's revenue was down 9.4% on a year-over-year basis. Equities research analysts expect that Atkore Inc. will post 6.69 EPS for the current fiscal year.

Atkore Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.51%. Atkore's dividend payout ratio is 10.13%.

Insiders Place Their Bets

In other Atkore news, insider Mark F. Lamps sold 500 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $2,667,290.30. This represents a 1.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Daniel S. Kelly sold 13,071 shares of Atkore stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $95.74, for a total value of $1,251,417.54. Following the completion of the sale, the vice president now directly owns 27,528 shares of the company's stock, valued at $2,635,530.72. This trade represents a 32.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,924 shares of company stock valued at $1,614,975 in the last 90 days. 2.56% of the stock is currently owned by insiders.

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.