1,704 Shares in Atkore Inc. (NYSE:ATKR) Purchased by Sendero Wealth Management LLC

Sendero Wealth Management LLC bought a new stake in shares of Atkore Inc. (NYSE:ATKR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,704 shares of the company’s stock, valued at approximately $324,000.

A number of other institutional investors have also recently made changes to their positions in the stock. ICA Group Wealth Management LLC bought a new position in Atkore in the fourth quarter valued at about $25,000. GAMMA Investing LLC purchased a new position in shares of Atkore during the 4th quarter worth $26,000. Orion Capital Management LLC bought a new position in shares of Atkore in the third quarter worth about $30,000. Anchor Investment Management LLC purchased a new position in Atkore during the fourth quarter valued at approximately $32,000. Finally, Montag A & Associates Inc. bought a new position in Atkore in the 4th quarter worth $58,000.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ATKR shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $187.00 price objective on shares of Atkore in a report on Friday, March 22nd. StockNews.com cut shares of Atkore from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, Citigroup decreased their price target on Atkore from $200.00 to $188.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th.

Atkore Stock Up 1.9 %

Shares of ATKR stock traded up $2.46 on Friday, hitting $134.99. The stock had a trading volume of 869,230 shares, compared to its average volume of 518,509. The business has a 50 day moving average price of $153.15 and a 200 day moving average price of $159.24. Atkore Inc. has a one year low of $121.00 and a one year high of $194.98. The company has a market cap of $4.92 billion, a PE ratio of 8.42 and a beta of 2.16. The company has a quick ratio of 1.98, a current ratio of 3.09 and a debt-to-equity ratio of 0.49.

Atkore (NYSE:ATKR) last issued its quarterly earnings data on Monday, May 6th. The company reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.86. The company had revenue of $792.90 million for the quarter, compared to the consensus estimate of $808.22 million. Atkore had a return on equity of 43.19% and a net margin of 18.30%. The firm’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same quarter last year, the company earned $4.31 earnings per share. Research analysts anticipate that Atkore Inc. will post 14.93 earnings per share for the current fiscal year.

Atkore Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Tuesday, May 21st were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Monday, May 20th. Atkore’s dividend payout ratio is presently 7.98%.

Insiders Place Their Bets

In other news, Director Wilbert W. James, Jr. sold 599 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $153.23, for a total value of $91,784.77. Following the completion of the transaction, the director now directly owns 15,695 shares in the company, valued at $2,404,944.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Wilbert W. James, Jr. sold 599 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $153.23, for a total value of $91,784.77. Following the completion of the transaction, the director now owns 15,695 shares of the company’s stock, valued at approximately $2,404,944.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark F. Lamps sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $157.67, for a total transaction of $78,835.00. Following the sale, the insider now directly owns 28,586 shares in the company, valued at approximately $4,507,154.62. The disclosure for this sale can be found here. 2.56% of the stock is owned by insiders.

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.