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

Atkore Inc. (NYSE:ATKR) VP Daniel S. Kelly sold 13,071 shares of the firm’s 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 sale, the vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link.

Atkore Price Performance

Shares of ATKR opened at $93.17 on Friday. The company has a market cap of $3.25 billion, a P/E 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. The company has a quick ratio of 1.96, a current ratio of 2.98 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average price is $88.34 and its 200 day moving average price is $111.57.

Atkore Dividend Announcement

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

Wall Street Analysts Forecast Growth

ATKR has been the subject of several research analyst reports. KeyCorp dropped their price target on shares of Atkore from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Royal Bank of Canada lowered their price objective on shares of Atkore from $99.00 to $93.00 and set a “sector perform” rating for the company in a research report on Friday, November 22nd. Loop Capital cut their target price on Atkore from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Finally, B. Riley lowered Atkore from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $135.00 to $84.00 in a research report on Friday, November 22nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Atkore presently has an average rating of “Hold” and a consensus price target of $117.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. 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 valued at $254,733,000 after purchasing an additional 143,121 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Atkore by 26.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,234,350 shares of the company’s stock worth $104,599,000 after acquiring an additional 261,234 shares during the last quarter. American Century Companies Inc. grew its holdings in Atkore by 22.9% during the 2nd quarter. American Century Companies Inc. now owns 773,697 shares of the company’s stock worth $104,395,000 after acquiring an additional 144,283 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Atkore by 1.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 449,323 shares of the company’s stock valued at $85,535,000 after purchasing an additional 4,852 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in shares of Atkore by 20.2% in the 3rd quarter. Royce & Associates LP now owns 396,054 shares of the company’s stock valued at $33,562,000 after purchasing an additional 66,533 shares in the last quarter.

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.