Crawford Fund Management LLC Sells 22,138 Shares of Atkore Inc. (NYSE:ATKR)

Crawford Fund Management LLC decreased its holdings in Atkore Inc. (NYSE:ATKR) by 81.3% in the third quarter, Holdings Channel reports. The fund owned 5,105 shares of the company’s stock after selling 22,138 shares during the quarter. Crawford Fund Management LLC’s holdings in Atkore were worth $433,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ATKR. Cetera Investment Advisers lifted its holdings in shares of Atkore by 315.6% in the 1st quarter. Cetera Investment Advisers now owns 13,402 shares of the company’s stock valued at $2,551,000 after acquiring an additional 10,177 shares during the last quarter. Cetera Advisors LLC purchased a new stake in Atkore in the 1st quarter worth about $473,000. Boston Partners raised its position in Atkore by 12.0% in the 1st quarter. Boston Partners now owns 1,340,146 shares of the company’s stock worth $254,733,000 after purchasing an additional 143,121 shares during the period. DNB Asset Management AS purchased a new stake in Atkore in the 2nd quarter worth about $9,585,000. Finally, Mather Group LLC. raised its position in Atkore by 895.7% in the 2nd quarter. Mather Group LLC. now owns 468 shares of the company’s stock worth $63,000 after purchasing an additional 421 shares during the period.

Insider Activity at Atkore

In related news, VP Daniel S. Kelly sold 13,071 shares of Atkore stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $95.74, for a total transaction of $1,251,417.54. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark F. Lamps sold 500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $96.55, for a total transaction of $48,275.00. Following the completion of the sale, the insider now owns 27,626 shares of the company’s stock, valued at approximately $2,667,290.30. This trade represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.56% of the stock is currently owned by corporate insiders.

Atkore Stock Performance

Shares of NYSE:ATKR opened at $93.17 on Friday. The firm has a market cap of $3.25 billion, a PE ratio of 7.38 and a beta of 2.13. The firm’s 50 day simple moving average is $88.34 and its 200-day simple moving average is $111.57. Atkore Inc. has a one year low of $76.01 and a one year high of $194.98. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.96 and a current ratio of 2.98.

Atkore Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, December 6th. Atkore’s payout ratio is 10.13%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ATKR shares. Loop Capital reduced their price objective on shares of Atkore from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. KeyCorp reduced their price objective on shares of Atkore from $125.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Royal Bank of Canada reduced their target price on shares of Atkore from $99.00 to $93.00 and set a “sector perform” rating on the stock in a research report on Friday, November 22nd. Finally, B. Riley lowered shares of Atkore from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $135.00 to $84.00 in a research report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $117.00.

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.