Atkore Inc. (NYSE:ATKR) VP Daniel S. Kelly Sells 13,071 Shares

Atkore Inc. (NYSE:ATKR) VP Daniel S. Kelly sold 13,071 shares of Atkore stock in a transaction dated Tuesday, November 26th. The stock was 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 owns 27,528 shares of the company’s stock, valued at $2,635,530.72. The trade was a 32.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Atkore Price Performance

NYSE ATKR opened at $93.16 on Thursday. 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 business’s fifty day moving average is $88.26 and its 200 day moving average is $111.70. The company has a market capitalization of $3.25 billion, a PE ratio of 7.38 and a beta of 2.13. Atkore Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $194.98.

Atkore Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be paid a dividend of $0.32 per share. 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 1.37%. Atkore’s dividend payout ratio (DPR) is presently 10.13%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ATKR shares. KeyCorp dropped 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. B. Riley cut shares of Atkore from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $135.00 to $84.00 in a report on Friday, November 22nd. Loop Capital decreased their target price on shares of Atkore from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Finally, Royal Bank of Canada lowered their price target on Atkore from $99.00 to $93.00 and set a “sector perform” rating on the stock in a report on Friday, November 22nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $117.00.

Institutional Investors Weigh In On Atkore

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATKR. Hodges Capital Management Inc. purchased a new stake in shares of Atkore in the second quarter worth $4,158,000. Boston Trust Walden Corp purchased a new stake in Atkore in the 2nd quarter worth $23,306,000. Maverick Capital Ltd. raised its holdings in Atkore by 386.9% during the second quarter. Maverick Capital Ltd. now owns 9,709 shares of the company’s stock valued at $1,310,000 after acquiring an additional 7,715 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Atkore by 1.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 449,323 shares of the company’s stock valued at $85,535,000 after acquiring an additional 4,852 shares in the last quarter. Finally, Chase Investment Counsel Corp boosted its stake in shares of Atkore by 97.0% in the third quarter. Chase Investment Counsel Corp now owns 13,000 shares of the company’s stock worth $1,101,000 after acquiring an additional 6,400 shares during the period.

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.