Measured Wealth Private Client Group LLC Has $758,000 Stock Position in Atkore Inc. (NYSE:ATKR)

Measured Wealth Private Client Group LLC grew its position in shares of Atkore Inc. (NYSE:ATKR) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,740 shares of the company’s stock after acquiring an additional 155 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Atkore were worth $758,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in shares of Atkore during the 4th quarter worth approximately $26,000. Orion Capital Management LLC bought a new stake in shares of Atkore during the 3rd quarter worth approximately $30,000. Anchor Investment Management LLC bought a new stake in shares of Atkore during the 4th quarter worth approximately $32,000. NBC Securities Inc. bought a new stake in shares of Atkore during the 3rd quarter worth approximately $54,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Atkore during the 4th quarter worth approximately $72,000.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Atkore news, VP Daniel S. Kelly sold 8,685 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $173.07, for a total transaction of $1,503,112.95. Following the transaction, the vice president now owns 34,907 shares in the company, valued at approximately $6,041,354.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Daniel S. Kelly sold 8,685 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $173.07, for a total transaction of $1,503,112.95. Following the sale, the vice president now directly owns 34,907 shares of the company’s stock, valued at approximately $6,041,354.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO William E. Jr. Waltz sold 43,072 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $160.48, for a total value of $6,912,194.56. Following the sale, the chief executive officer now directly owns 83,716 shares in the company, valued at $13,434,743.68. The disclosure for this sale can be found here. Insiders have sold 148,464 shares of company stock worth $25,124,751 in the last 90 days. Company insiders own 2.56% of the company’s stock.

Atkore Stock Performance

ATKR traded up $0.99 during trading hours on Friday, reaching $176.25. The company’s stock had a trading volume of 533,025 shares, compared to its average volume of 470,827. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.99 and a current ratio of 2.96. The firm has a market cap of $6.48 billion, a PE ratio of 10.57 and a beta of 2.19. The company’s 50-day moving average is $176.60 and its 200-day moving average is $154.60. Atkore Inc. has a 52 week low of $116.14 and a 52 week high of $194.98.

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

Atkore Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Tuesday, May 21st will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.73%. The ex-dividend date is Monday, May 20th. Atkore’s payout ratio is 7.67%.

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.