Atkore Inc. (NYSE:ATKR) Shares Purchased by Lattice Capital Management LLC

Lattice Capital Management LLC boosted its holdings in Atkore Inc. (NYSE:ATKR) by 73.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,600 shares of the company’s stock after acquiring an additional 1,100 shares during the period. Atkore accounts for about 0.0% of Lattice Capital Management LLC’s investment portfolio, making the stock its 19th largest position. Lattice Capital Management LLC’s holdings in Atkore were worth $416,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. lifted its holdings in Atkore by 0.7% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,126,630 shares of the company’s stock valued at $168,082,000 after purchasing an additional 7,574 shares in the last quarter. State Street Corp lifted its holdings in Atkore by 2.2% in the 1st quarter. State Street Corp now owns 950,244 shares of the company’s stock valued at $93,542,000 after purchasing an additional 20,685 shares in the last quarter. Invesco Ltd. lifted its holdings in Atkore by 13.8% in the 3rd quarter. Invesco Ltd. now owns 818,309 shares of the company’s stock valued at $122,084,000 after purchasing an additional 99,345 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Atkore by 5.3% in the 1st quarter. Federated Hermes Inc. now owns 706,986 shares of the company’s stock valued at $69,596,000 after purchasing an additional 35,688 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Atkore by 2.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 629,420 shares of the company’s stock valued at $100,707,000 after purchasing an additional 12,189 shares in the last quarter.

Insider Activity at Atkore

In related news, VP Leangela W. Lowe sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $176.07, for a total value of $1,144,455.00. Following the transaction, the vice president now owns 25,590 shares in the company, valued at $4,505,631.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider John W. Pregenzer sold 6,548 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $158.49, for a total transaction of $1,037,792.52. Following the transaction, the insider now directly owns 30,430 shares in the company, valued at $4,822,850.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Leangela W. Lowe sold 6,500 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $176.07, for a total value of $1,144,455.00. Following the transaction, the vice president now owns 25,590 shares in the company, valued at $4,505,631.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,464 shares of company stock worth $25,124,751. Company insiders own 2.56% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ATKR. Royal Bank of Canada restated an “outperform” rating and issued a $187.00 target price on shares of Atkore in a report on Friday, March 22nd. StockNews.com upgraded shares of Atkore from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Finally, Citigroup increased their price objective on shares of Atkore from $176.00 to $200.00 and gave the stock a “neutral” rating in a report on Monday, April 8th.

Atkore Trading Down 2.0 %

Shares of ATKR stock traded down $3.57 during trading hours on Tuesday, hitting $172.29. 461,880 shares of the company were exchanged, compared to its average volume of 455,624. The firm has a market cap of $6.34 billion, a PE ratio of 10.40 and a beta of 2.19. Atkore Inc. has a 1 year low of $116.14 and a 1 year high of $194.98. The company has a quick ratio of 1.99, a current ratio of 2.96 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average of $168.19 and a 200 day moving average of $151.56.

Atkore (NYSE:ATKR) last posted its quarterly earnings results on Thursday, February 1st. The company reported $4.12 EPS for the quarter, beating the consensus estimate of $3.08 by $1.04. Atkore had a net margin of 18.80% and a return on equity of 46.79%. The firm had revenue of $798.50 million for the quarter, compared to analyst estimates of $777.05 million. During the same quarter last year, the firm posted $4.51 earnings per share. Atkore’s revenue for the quarter was down 4.2% compared to the same quarter last year. Analysts expect that Atkore Inc. will post 15.06 earnings per share for the current year.

Atkore Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a $0.32 dividend. The ex-dividend date was Monday, February 26th. This represents a $1.28 annualized dividend and a yield of 0.74%. Atkore’s payout ratio is 7.67%.

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.