Ifrah Financial Services Inc. Sells 160 Shares of Atkore Inc. (NYSE:ATKR)

Ifrah Financial Services Inc. lessened its stake in shares of Atkore Inc. (NYSE:ATKR) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,038 shares of the company’s stock after selling 160 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Atkore were worth $420,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its position in shares of Atkore by 10.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,368,867 shares of the company’s stock worth $111,467,000 after purchasing an additional 134,517 shares in the last quarter. Royce & Associates LP boosted its position in shares of Atkore by 20.2% during the 3rd quarter. Royce & Associates LP now owns 396,054 shares of the company’s stock worth $33,562,000 after purchasing an additional 66,533 shares in the last quarter. E. Ohman J or Asset Management AB raised its holdings in shares of Atkore by 55.2% in the 4th quarter. E. Ohman J or Asset Management AB now owns 318,388 shares of the company’s stock worth $26,569,000 after acquiring an additional 113,263 shares during the last quarter. Swedbank AB raised its holdings in shares of Atkore by 18.4% in the 4th quarter. Swedbank AB now owns 296,791 shares of the company’s stock worth $24,767,000 after acquiring an additional 46,200 shares during the last quarter. Finally, Boston Trust Walden Corp raised its holdings in shares of Atkore by 44.9% in the 4th quarter. Boston Trust Walden Corp now owns 272,939 shares of the company’s stock worth $22,777,000 after acquiring an additional 84,584 shares during the last quarter.

Insider Buying and Selling

In related news, insider Mark F. Lamps sold 500 shares of Atkore stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $65.00, for a total value of $32,500.00. Following the sale, the insider now owns 33,760 shares of the company’s stock, valued at approximately $2,194,400. The trade was a 1.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeri L. Isbell sold 3,353 shares of Atkore stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $94.03, for a total transaction of $315,282.59. Following the completion of the sale, the director now directly owns 25,585 shares in the company, valued at $2,405,757.55. This trade represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,924 shares of company stock valued at $1,599,200. 1.99% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on ATKR. KeyCorp lowered their target price on shares of Atkore from $105.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Roth Mkm began coverage on shares of Atkore in a report on Tuesday, December 17th. They issued a “buy” rating and a $100.00 target price on the stock. Roth Capital upgraded shares of Atkore to a “strong-buy” rating in a report on Monday, December 16th. B. Riley lowered shares of Atkore from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $135.00 to $84.00 in a report on Friday, November 22nd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $102.00 target price (up previously from $93.00) on shares of Atkore in a report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Atkore presently has a consensus rating of “Moderate Buy” and an average target price of $103.17.

Atkore Price Performance

Atkore stock opened at $72.54 on Monday. Atkore Inc. has a 52 week low of $62.62 and a 52 week high of $194.98. The company’s 50 day moving average price is $81.29 and its two-hundred day moving average price is $87.60. The company has a quick ratio of 1.96, a current ratio of 3.03 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2.52 billion, a P/E ratio of 7.02 and a beta of 2.12.

Atkore (NYSE:ATKR) last posted its earnings results on Tuesday, February 4th. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.05 by $0.45. Atkore had a net margin of 12.42% and a return on equity of 25.69%. The firm had revenue of $661.60 million for the quarter, compared to analysts’ expectations of $680.77 million. During the same quarter last year, the firm earned $4.12 EPS. The company’s quarterly revenue was down 17.1% compared to the same quarter last year. On average, equities analysts predict that Atkore Inc. will post 6.55 earnings per share for the current year.

Atkore Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.76%. Atkore’s dividend payout ratio (DPR) is presently 12.39%.

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.